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Rio Tinto and Glencore Spoke for Months About Deal That Was Once Taboo Talks show how mining industry is gripped by mega-deal fever BHP’s unsuccessful move on Anglo catalyzed a wave of activity
A joint venture between commodity trader Glencore Plc and Indonesia’s PT Chandra Asri Pacific is marketing a $1 billion sustainability-linked syndicated loan, according to people familiar with the matter,
GLENCORE approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a source familiar with the matter said. Read more at The Business Times.
The Bloomberg Deals newsletter is taking a break on Monday for Martin Luther King Jr. Day in the US. We’ll return on Tuesday, Jan. 21.
Zijin Mining Group racked up record annual profit after a growth burst that made the Chinese firm as big as global commodities giant Glencore Plc., although it has softened its output targets for this year.
A deal aimed at capturing a bigger slice of the metals market, the proposed $160 billion merger of Rio Tinto a Glencore appears doomed to fail
European stocks advanced for four consecutive weeks as miners rose on a report Rio Tinto Group and Glencore Plc have discussed combining their businesses. UK stocks rose to a record. The Stoxx ...
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Rio Tinto (NYSE:RIO) and Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) reportedly discussed a potential merger for months at the top level of both companies, in what would be the mining industry's largest-ever deal.
A merger of the two giants would result in a de facto takeover of Glencore by Rio Tinto. The latter is the world's second-largest mining group after BHP, with a market capitalisation of $103 billion dollars. Glencore has a market capitalisation of $55 billion.
(Bloomberg) -- 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 ...