Chinalco (ACH) pays $1.35B to create a JV with Rio Tinto (RTP -0.65%) to develop Rio's massive...

|By:, SA News Editor

Chinalco (ACH) pays $1.35B to create a JV with Rio Tinto (RTP -0.65%) to develop Rio's massive iron ore project in Guinea. Analysts say the deal, though priced fairly, appears to be designed to mend relations between the two firms. (PR)