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Chinese and Australian mining giants buy control of Brazilian aluminum maker
Jan 30, 20263 sources
org:chinalcoorg:rio tintoorg:cbatopic:aluminum
Summary
Chinalco, a major Chinese aluminum producer, and Rio Tinto, an Australian mining company, have agreed to buy a controlling stake in the Brazilian aluminum maker CBA. The deal is valued at $904 million and involves the purchase of the stake from the Brazilian industrial group Votorantim.