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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.
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GLENCORE approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a source familiar with the matter said.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.
The Bloomberg Deals newsletter is taking a break on Monday for Martin Luther King Jr. Day in the US. We’ll return on Tuesday, Jan. 21.
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
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(Bloomberg) -- 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 ...