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Rio Tinto signals readiness to resume M&As as market bottoms

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CHANGE IN ATTITUDE: As recently as February, Rio Tinto's CEO Sam Walsh said the company had no near-term plans for major acquisitions. Now, it is prepared to consider them if it can secure the right asset at the correct valuation and win investor backing.

Melbourne

WITH the mining sector seen nearing the bottom of the cycle, Rio Tinto Group signalled to analysts that it is ready to resume mergers and acquisitions.

The company is prepared to look for a deal if it can secure the right asset at the correct valuation and win investor

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