Rio Tinto and Glencore spoke for months about deal that was once taboo
The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.
Mining Journal (June 10, 2009) – China is set to accelerate investment in iron-ore projects in Australia, the worlds biggest exporter, after the collapse of its deal to buy stakes in mines owned by Rio Tinto.
