MINAS DE RIO TINTO
June 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Commission has opened a formal investigation into state aid provided by the Spanish government for the restructuring of copper, gold and silver mining company Minas de Rio Tinto SAL, in Huelva.In 2000, Madrid guaranteed loans of ESP 1,500 million, (Euro 9 million), which were linked to a restructuring plan to turn the company around. In January this year, the Spanish government announced that it intended to lend Rio Tinto ESP 1,000 million, (Euro 6 million).Brussels approved the guarantee, but is now questioning whether it or a loan ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.