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Alcan to come good

The mining deal universally rubbished as the worst ever, Rio Tinto’s US$38.1 billion acquisition of Alcan, could be back in the news soon for two reasons; first because it took place almost 10-years ago, and, second, because it might finally be starting to make sense.

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Al starting to shine: Rio’s decade-old deal deal is starting to look a lot better

It was on May 7, 2007, that the battle for the big Canadian aluminium producer started when its arch-rival (and former parent) Alcoa of the US, lobbed a US$27 billion bid for Alcan a few months before