Rio Tinto, the mining company, will pay $430m in fees associated with its $15.2bn rights issue, pushing the costs associated with its recent fundraising attempts to more than $625m.
Rio launches its fully underwritten 21-for-40 rights issue today, two weeks after dropping its campaign to raise $19.5bn from Chinalco, the Chinese state-owned mining group, and incurring a $195m break fee.
In addition to paying the break fee and rights issue fees, Rio will have incurred costs, not yet released, of pursuing the Chinalco deal from February until May.
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