A potential combination of Rio Tinto and Glencore would create a $260 billion behemoth, overtaking BHP as the world’s biggest mining company and crucially as the world’s second-largest copper producer, in a land grab for the most in-demand metal of the electrification era.
The two commodities giants have again flirted with a tie-up, according to offshore media reports, that would rank among the mining industry’s largest-ever deals. The talks reportedly happened in October, but neither company would comment on Friday.
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Bloomberg
Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
