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.
Rio Tinto, Glencore discuss mega merger to take on BHP
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.
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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 ...
Trading giant Glencore and Rio Tinto are mulling a merger that could create the mining behemoth made up of two major ...
Shares of Rio Tinto Group (NYSE:RIO – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com ...
Intrepid is pleased that Rio Tinto, one of the world's largest mining companies and copper producers, has shown significant ...
Shares of Rio Tinto Group RIO have been in the red territory for a while now, having declined around 16% over a year. The ...
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