Rio Tinto and Glencore Spoke for Months About Deal That Was Once Taboo
When Glencore Plc proposed a combination with Rio Tinto Group a decade ago, the larger company turned it down after just a few days. News this week that the two spent several months in negotiations in the second half of last year shows how the sands have shifted,
What next for Glencore after failed Rio Tinto merger talks?
More consolidation is needed, he told a private conference hosted by Goldman Sachs at LME Week. As it happened, Jakob Stausholm, the boss of rival mining company Rio Tinto, was also speaking at the event. Around the same time, Glencore and Rio held tentative talks about combining part or all of their business to create a $160bn mining behemoth.
Mining giants Rio Tinto, Glencore said to weigh $216 billion mega merger
Rio Tinto is the world’s second-biggest miner, with a market value of about US$103 billion ($140.8 billion) at the close of trading in London on Jan 16, while Glencore was valued at about US$55 billion. BHP is worth about US$126 billion.
Rio Tinto Group (NYSE:RIO – Get Free Report) was upgraded by investment analysts at StockNews.com from a “buy” rating to a ...
We recently compiled a list of the 12 Cheapest Stocks with Biggest Upside Potential. In this article, we are going to take a ...
Rio Tinto Group, the world’s top iron ore exporter, said shipments of the steelmaking material slipped in the fourth quarter, ...
Rio Tinto PLC RIO shares rose 2.22% to £50.41 Friday, on what proved to be an all-around favorable trading session for the ...
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