Jan 19, 2025 (The Weekend Australian - ABIX via COMTEX) --
Sources have indicated that Rio Tinto and Glencore held preliminary talks in late 2024 regarding a potential merger. Both companies have declined to comment on the potential deal, which would create a resources giant worth some $260bn and overtake BHP as the world's largest mining company. Glyn Lawcock from Barrenjoey says there is speculation that Rio Tinto is seeking to diversify its range of commodities to reduce its reliance on iron ore, which has become a mature market. Major resources groups are seeking to expand their copper holdings in particular, due to the metal's importance to the energy transition..
Publication Date: 18 January 2025
RIO TINTO LIMITED - ASX RIO
GLEDHILL, BURRIDGE AND CATHRO
BARRENJOEYACAPITAL PARTNERS PTY LTD
COMTEX_462007829/2229/2025-01-19T18:10:22
By Brad Thompson
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