RSS Feed     Twitter     Facebook

Posts Tagged ‘Chinalco’

The week ahead

Italian regional polls will show if Silvio Berlusconi’s popularity is waning

• THE prime minister of Italy, Silvio Berlusconi, will be able to assess the damage that a string of scandals has meted out to his government when Italians go to the polls for two days of voting in regional elections starting on Sunday March 28th. Elections are set to take place in 13 of Italy’s 20 regions. Eleven regions are held by the centre-left opposition. Mr Berlusconi, hoping to capitalise on a wave of sympathy after an attack by a mentally unstable man in December, had hoped his People of Freedom (PdL) movement might oust up to five centrist and left-wing governors. But its campaign is in chaos—and the government’s ratings are plunging.

• FOUR employees of Rio Tinto, a huge Anglo-Australian mining company, go on trial in China on Monday March 22nd on charges of bribery and industrial espionage in connection with negotiations over the price of iron ore. The accused, three Chinese and one Australian, were arrested last year shortly after Rio had spurned a big investment from Chinalco, a Chinese state-backed metals firm, infuriating the Chinese authorities. That led to speculation that the two events were linked while also dealing a blow to relations between China and Australia. But now relations seem to be improving, at least between Rio and Chinalco. The two companies are have announced a big iron-ore joint venture in Africa. …