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.
Russian firms produced 7.53 tonnes of gold in January, 12.4 percent more than in January of 2010, the Gold Industrialists’ Union industry lobby said on Saturday.
The union expects gold production by Russia — the world’s No. 5 producer — to rebound to 205-207 tonnes this year after it fell 1.4 percent last year to 201.3 tonnes.
