rio tinto eyeing russian fertilizer

Rio is also busy busy searching for Potash...not just BHP or the Chinese.

Very interesting reading...Here are some extract from that article.

http://www.tradingmarkets.com/news/stock-alert/rtp_urlkf_dj-update-rio-tinto-eyeing-russian-fertilizer-company-uralkali-1156320.html

LONDON, Sep 08, 2010 (Dow Jones Commodities News via Comtex) --
(Adds details, analyst comments, background.)

Mining giant Rio Tinto PLC ( RTP | PowerRating) has sent a delegation to visit the operations of potash fertilizer producer OAO Uralkali (URKA.RS) and to meet with major shareholder billionaire Suleiman Kerimov about the possibility of buying a 10% to 15% stake, Vedomosti reports Wednesday.

Rio Tinto's visit to the Russian city of Berezniki began last week, the newspaper reports, citing three unidentified people close to Uralkali and its shareholders.

Meanwhile, leading Uralkali shareholder, Suleiman Kerimov, led his own delegation to the Berezniki-based company Monday, Russian news agency Interfax reported.

Rio Tinto is prepared to buy 10% to 15% of Uralkali based on a $15 billion valuation for the whole company, Vedomosti reports, citing one of its sources.