"Rio Tinto is like a dishonourable woman: once she loved the money in Chinalco's pocket but she actually did not love the man himself. Now she is breaking faith and kicking down the ladder."
The Xinhua commentary said Chinese companies needed to be less romantic and more hard-headed. "Chinese enterprises should learn a lesson from this: those who love money are not reliable," it said. "So we should have more precautions, not just including a 1 per cent break fee in the contract. Never trust anyone too easily. There is only one rule in the international dealings: that is, there is no eternal friendship, only eternal profit."
RIO Price at posting:
$57.17 Sentiment: None Disclosure: Not Held
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