Rio Tinto, Glencore discuss merger
Both Glencore and Rio own some of the best copper mines in the world. However, Rio — like BHP — still depends heavily on iron ore to drive its profits, at a time when China’s decades-long construction boom is drawing to an end and the iron ore market appears headed for an extended period of weakness.
LONDON (Reuters) - Miner and commodity trader Glencore said it is open to M&A transactions that create value for its ...
Mining giants Rio Tinto (RIO) and Glencore (GLEN.L, GLNCY) discussed a potential merger last year, as reported by Bloomberg, ...
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