Superox: "The chinese have taken over a copper mine of RIO so we hope a good takeover rumour would give support but at the moment, just all noise...."
I would rather put it in the way: Rio sold a copper mine to the Chinese, rather than The chinese have taken anything over...
IMO, this deal is negative news for PNA, it shows what RIO considers to be good for their business' future = sell copper mine.
With both copper and gold prices slashed, god helps all PNA long term holders...
http://www.marketwatch.com/story/rio-tinto-to-sell-of-80-stake-in-copper-mine-2013-07-28
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