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

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Published Fri, May 1, 2015 · 09:50 PM

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    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 backing, Morgan Stanley said after an analysts' meeting this week with chief financial officer Chris Lynch.

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