The Globe and Mail reports in its Thursday edition that Rio Tinto PLC chief executive officer Jakob Stausholm says the giant British-Australian miner plans to make more investments in Canada, and he is ruling out any chance of taking a run at Teck Resources. The Globe's Niall McGee writes that Teck is in the process of entertaining bids for its metallurgical coal business and has suggested that if it separates into a metals-only business that too could eventually be sold to a large multinational miner. However, Rio is not interested in either part of Teck's business. Mr. Stausholm praised Teck as a "mining champion in Canada" but said that Rio is not looking to make a major acquisition at the moment. "Teck is a great company, but we've not been in dialogue," he said from New York. Rio is Canada's largest mining company, employing 13,300 people. Mathew Hodge, analyst with Morningstar, says among the biggest determinants of Rio's future success will be Chinese demand for iron ore, which is largely driven by its infrastructure spending and the property development market. "Property development looks shaky," he said. "There's been an accumulation of debt in the sector, and that's flown into demand for commodities."