Rio Tinto and Glencore Spoke for Months About Deal That Was Once Taboo
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,
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.
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Rio Tinto Group, the world’s top iron ore exporter, said shipments of the steelmaking material slipped in the fourth quarter, ...
Rio Tinto Group and Glencore Plc have been discussing combining their businesses, which if successful would rank as the world ...
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The nation's largest bank earned a record $58 billion for 2024 and $14 billion in its final quarter.
In a report released today, Myles Allsop from UBS maintained a Hold rating on Rio Tinto (RIO – Research Report), with a price target of £52.50.
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 ...
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