Rio's China hope in BHP bid fight

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Chief executive Tom Albanese says he wants to rethink fundamentally the company's relationship with Chinese firms, its top customers.

His plan is to develop partnership deals with China's steel companies and Government-backed investment vehicles.

Albanese says Rio is well positioned to become the "partner of choice" for Chinese companies. "We do see China being interested in investing overseas, China being interested in having access to more metal, more minerals - the things that we're good at," he said.

"Let's work on creating win-win opportunities from the start."

He refused to comment directly on the BHP Billiton offer, but yesterday said his rejection was based on price alone.

Rio has always held out the possibility of a merger that met its valuation criteria.