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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,
The London-listed mining giants have held early-stage discussions about a combination of the two businesses, Bloomberg reported last night.
Group and Glencore Plc (OTC:GLNCY) are reportedly in early-stage discussions about a potential combination, Bloomberg reported on Thursday, citing sources close to the matter.
Rio Tinto Group and Glencore Plc have been discussing combining their businesses, according to people familiar with the matter, in what could result in the mining industry’s largest-ever deal.Most Read from BloombergThese Homes Withstood the LA Fires.
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.
GLENCORE approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a source familiar with the matter said.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.
Rio Tinto Group shares fell as much as 1.8% in Sydney after Bloomberg News earlier reported the world’s second-biggest miner held early-stage talks with Glencore Plc about a deal.Most Read from BloombergThese Homes Withstood the LA Fires.
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
Rio Tinto (NYSE:RIO) -2.3% in Thursday's trading following a Bloomberg report that the company has been discussing a potential business combination with Glencore (OTCPK:GLCNF) (OTCPK:GLNCY), in what could result in the mining industry's largest-ever deal and have the potential to reshape the global mining landscape.
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,