chinese surprise, page-3

Most miners down today.

http://business.theage.com.au/business/shares-dragged-down-by-miners-20090318-91b6.html

Shares dragged down by miners

"Shares in Rio Tinto plunged on speculation that Chinalco's bid for a stake in the global miner would fall through.

Rio's shares ended down $4.51, or 8.4%, at $47.50, while rival BHP Billiton was down 82 cents, or 2.6%, at $31.08.


"Rio was down over 5% last night in London, brought about by ongoing concerns over a shareholder revolt over the proposed Chinalco deal,'' said Jamie Spiteri of Shaw Stockbroking.

"On top of that the Australian Foreign Investment Review Board decision looks like it's going to be extended another three months putting extended uncertainty across the whole Rio Tinto deal.''

Also, overnight Goldman Sachs put a `sell' recommendation on Rio at current prices, he said.