Xiong Weiping, officially appointed to the top job last Thursday, denied suggestions that the proposed deal would give Chinalco control over key Australian resources and influence over commodity pricing.
Mr Xiong said the deal would not change Rio's corporate strategy, the way it operates its business or the pricing of its products.
Chinalco joins two other Chinese investors – MinMetals and Hunan Valin — that are waiting for Wayne Swan, Australia's treasurer, to approve investments amid a national debate over the flood of Chinese money targeting strategic resources.
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