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RIO WEIGHS WHETHER TO STAY WITH CHINALCO

Jan du Plessis, the incoming chairman at Rio Tinto, will be praying the recent recovery in commodity prices continues unabated as he begins his campaign to soothe angry shareholders.

Since the beginning of the year the mining group's previously battered share price has risen 36 per cent, tracking broader metals rises.

This improvement in fortunes, if it continues, could provide more room to manoeuvre over a proposed deal to raise $19.5bn (£13.5bn) from Chinalco, the state-owned Chinese metals group.

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