CHINA alleges Rio Tinto stripped $A123 billion from the country through a six-year program of commercial espionage, as it signalled it will broaden its spy blitz beyond the four mining employees detained in Shanghai.
It said Rio's activities led China to pay $A123 billion (700 billion yuan) more for iron ore than they otherwise would have. ''That means China gave the employer of those economic spies more than $A123 billion for free, which is about 10 per cent of Australia's GDP,'' the article said.
Mark Goulopoulos, senior investment adviser at Patersons Securities, said Rio's share price had been largely insulated from the spy claims, until now. ''I think investors will probably feel a little nervous about Rio … if it turns out to be really serious, then I think investor sentiment around Rio will be impacted.''
$120 billion spy claim -
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