BREAKFAST DEALS: Gina's new friends

Hancock Prospecting digs up three Roy Hill partners, while Rio Tinto inks a trading deal with China.

Gina Rinehart may be having some personal problems with her children, but her dealmaking skills haven't suffered one bit. Australia's richest person has just emerged with three equity partners in her upcoming Roy Hill iron ore mine, and their big financial commitments should help make her next round of talks with creditors a breeze – just lead her to the negotiating table. Also in the mining sector, Rio Tinto and BHP Billiton face off over iron ore spot trading as Rio inks a deal with China. Elsewhere, bankers fight to advise Centro Retail Australia as suitors circle, and TRUenergy progresses its initial public offering. And finally, Woolworths sets a deadline for the sale of Dick Smith, which is said to have received plenty of interest.

Hancock Prospecting, Marubeni Corporation, POSCO, STX Corporation


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