Glencore And Rio Tinto Held Talks On Mining's Biggest-Ever Potential Merger, Say Reports
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.
Mining giants Rio Tinto (RIO) and Glencore (GLEN.L, GLNCY) discussed a potential merger last year, as reported by Bloomberg, ...
Rio Tinto Group, the world’s top iron ore exporter, said shipments of the steelmaking material slipped in the fourth quarter, ...
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