Rio Tinto isn't interested in a takeover bid from BHP Billiton -- or any other company -- says CEOTom Albanese.
Albanese Wednesday reiterated his position that BHP's offer undervalued his company, "which has a great value story."
In November 2007, BHP offered 3.4 shares for every share of Rio Tinto . Rio's board rejected the bid as well as a subsequent sweetened offer. Albanese today explained to CNBC that in the days since the initial bid, "Our markets have gotten even stronger."
"Over the past two months, aluminum prices have gone up," he said.