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.
The world market for mining equipment is projected to climb 8.5% annually through 2015 to $92 billion. Demand will be stimulated by a pickup in mining output growth as global manufacturing activity and construction expenditures accelerate in a generally…
