Peter Chilton Rio Quotations

Rio wants assets on a world class basis, and the sale is a reflection of the quality and scale of assets it wants. It has a track record of selling assets and getting good prices at the top of the market.

The Chinese want to diversify their supplies and with the small miners they can get equity stakes that they can't get from the bigger ones like Rio Tinto. If they can get in early, they may be able to lock in supplies at good prices.