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Rio and Chalco abandon bid for $20bn bauxite deposit in Australia

Cecilia Jamasmie | September 18, 2013 | 9:11 pm Base Metals Top Companies Australia China Europe Aluminum 

Rio Tinto (ASX, LON:RIO) and China's Chalco have pulled out of the bidding to mine the $20 billion Aurukun bauxite deposit on Cape York, Australia, leaving mining giant Glencore (LON:GLEN) and Australia Indigenous Resources —a joint venture between magnate John...

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