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China tightens grip on Brazil minerals as Chalco, Rio Tinto buy control of CBA for US$886m (www.scmp.com)

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China’s state-owned aluminium giant Chalco and Anglo-Australian miner Rio Tinto have agreed to buy a controlling stake in Brazil’s Companhia Brasileira de Aluminio (CBA) in a deal valued at US$886 million, marking one of the most significant foreign acquisitions in Brazil’s metals sector in recent years and reinforcing China’s growing footprint in the country’s strategic mineral assets. The transaction covers Brazilian conglomerate Grupo Votorantim’s 68.6 per cent stake in CBA and will be...

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