May 15, 2008...1:48 pm

China-Rio-Africa love triangle

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Bloomberg.com: Rio seeking Chinese partner for West African ore mine, Financial Times says

Dear China,

You do a lot of business in Africa. We have a great project, but it is a bit risky–do you want to put some capital into it? We only want $4 billion or so, and we will give you a 30% stake, and by the way, we want to keep marketing rights.

With love,

Rio Tinto

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