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.
Antofagasta will pay a special dividend of 100 cents a share, the Chilean miner said on Tuesday as it posted a jump in full-year earnings on higher copper prices and production.
Earnings per share rose to 106.7 cents, from 67.7 cents, as revenue grew 54.5 percent to $4.58 billion.
