Rio Takes Step Toward M&A Redemption With $6.7 Billion Lithium Bet --[Reported by Umva mag]

(Bloomberg) — A little over a decade ago, Rio Tinto Group was reeling from the impact of disastrous investments. First, the bruising top-of-the-market purchase of aluminum group Alcan Inc., and then the ill-conceived swoop for Mozambique-focused coal outfit Riversdale Mining Ltd. The commodities boom cooled, top managers were pushed out and writedowns piled up. Read More

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