Rio's portfolio continues to take shape Jamie Freed 13 Aug 2010
QUOTE "Three years after it's $US38 billion acquisition of Alcan, Rio Tinto's great portfolio re-balancing act is not yet completed.
That was the message presented by finance director Guy Elliot to a group of about 10 analysts at a post-results round table in Melbourne on Thursday."
QUOTE "Morgan Stanley's Craig Campbell said acquisitions in uranium were also discussed.
On that point, many investors think Extract Resources, which neighbours Rio's Rossing mine in Namibia and now has the sixth largest uranium deposit in the world, would be a logical target. Rio already holds an effective 21 per cent interest in the burgeoning miner."
Regards
Steve
EXT Price at posting:
$6.60 Sentiment: LT Buy Disclosure: Held
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