Word: rios
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Dates: during 2000-2009
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Even so, not every shareholder is thrilled at the prospect of selling to the Chinese. Chinalco is a huge consumer of iron ore, and mining companies fear that the investment in Rio Tinto could give China more influence over the price. During the boom years, when Chinese companies' appetite for virtually every metal was voracious, they got stuck with stiff price increases. The deal could give Chinalco, which already owns 9.3% of Rio, better access to the company's choicest deposits of copper, iron ore and bauxite. The secretary-general of China's Iron and Steel Association, Shan Shanghua...
...such as iron ore, copper, oil and gas--commodities China will need in vast quantities in the long run. In the past two months, Chinese companies have sought to buy assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies. If completed, the deal would be the biggest foreign purchase any Chinese company has ever made. In late February, Hunan Valin Iron & Steel Group of China purchased a $771 million stake in the Australian iron-ore exporter Fortescue Metals Group...
...Chicago has formidable competition: the 2016 Games' final four candidates also include Madrid, Tokyo and Rio de Janeiro. Considering that London is to host the 2012 Summer Games, a sense of continental equity could bolster the IOC's desire to return the event to the Americas. Rio would be the first South American city to host the Games, but there is grave concern about its ability to afford the significant infrastructure and security requirements. American Olympic officials are betting they can sell the IOC on Chicago's robust sports culture and the city's relatively harmonious ethnic and racial diversity...
...defining challenge of the 21st century - no longer important, or has it perhaps already been accomplished? The global economic crisis that started at the end of 2008 will certainly go on for at least four more years, intensifying the problems of extreme poverty, hunger and disease. Rubens Amaral, RIO DE JANEIRO, BRAZIL...
...least, the plan is being largely applauded by law-enforcement officials who feel their region was neglected during both the Bill Clinton and George W. Bush presidencies. "This was a long time coming," says Richard Wiles, the Democratic sheriff of El Paso County, Texas, which sits across the Rio Grande from Juárez, Mexico - a city that has seen almost 2,000 drug-related murders since the start of 2008, with many of the victims being police officers, not to mention the epidemic of kidnappings and extortion. (Nationwide, Mexico had almost 7,000 narco-killings during that time.) Says...