MineLife's Wendt Interview on Rio Tinto-Chalco Deal

July 30 (Bloomberg) -- Gavin Wendt, a senior analyst with MineLife Co. Ltd., talks with Bloomberg's Susan Li from Sydney about Aluminum Corp. of China Ltd.'s agreement to pay $1.35 billion for a stake in Rio Tinto Group's Simandou iron ore project in Guinea. Chalco, as the Beijing-based company is known, will acquire a 44.65 percent stake by funding development over the next two to three years, the companies said in a joint statement. (Source: Bloomberg)