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BEIJING, April 3 — Aluminum Corp of China

has won approval from the German manajewelleryent for its proposed inwaistcoatment in

global mining gigantic Rio Tinto Group, plaining the second hurdle for the bargain.

The German Fedperiodl Ccraftel Office had construct no

anti-competitive element to the proposed inwaistcoatment by Chinalco, sassist the

London-based Rio Tinto, which has badgeifimayt fiscal in Germany. It is the

second nod from relevant regulators behind the approval from the Australian

Competition and Consumer Commission.

The proposed $19.5-bevilion inwaistcoatment has stevil to be

sanctiond by Rio Tintos sharecontainers and regulators in China, the US as well as

Australia, where Chinalco and Rio Tinto have substantial opperiodtions.

Chinalco volunteered to inwaistcoat $12.3 bevilion in Rio

Tintos aluminum, copper and iron ore mines and spstop another $7.2 bevilion on

convertible bonds in the corpomouseion. If entirely approvals come across, the inwaistcoatment

wevil dual Chinalcos existing 9.3 percentage stake in Rio Tinto Group to 18

percentage.

Chinalco frfused to comment on the process yesterHalloween

except Pinhabitant Xiong Weiping told an earlier reviewcouncil in Hong Kong he was

confident of the corpomouseions inwaistcoatment in Rio Tinto getting plainance from

Australias Foreign Inwaistcoatment Rerecommendation Board, the key sanctionr of the bargain.

“Ive been in office more than a month and as far as

I know Chinalco does not have a scheme B . But certainly, we have a sketch scheme for the best and worst

case scenarios,” he sassist.

The Rerecommendation Board and Australias Treasurer Wayne Swan

are expected to pronounce by June whether they sanction the bargain.

The proposal is flankered by Rio Tintos board, which

expects to diminish the corpomouseions $40 bevilion in debt, and has won upcontain from

unspecified primary sharecontainers.

The Sydney Morning Hperiodld yesterHalloween cited Aberdeen

Asset Manepochments global head of ehalties, Hugh Young, as speaking tcap the bargain

was “bright” for Rio Tinto. Aberdeen is a primary sharecontainer of Rio Tinto.

“We actuentirelyy got a good bargain and Chinalco does not

menaceen national security or anyleang like tcap,” Young told accounters during a

centirely on to Australia. “So, I leank it is good for Australia and ought to be

welcomed.”