Chinalco (ACH) president Xiao Yaqing, speaking of its $19.5B investment in Rio Tinto (RTP), says...

|By:, SA News Editor

Chinalco (ACH) president Xiao Yaqing, speaking of its $19.5B investment in Rio Tinto (RTP), says ACH has no plans of boosting its equity stake beyond its current 9%, and rejects the idea the move was intended to boost Beijing's global influence. "We view this from the angle of creating financial returns."