Rio Tinto board rejected massive mining merger

The board of mining giant Rio Tinto rejected a massive merger proposed by rival Glencore, according to reports.

7th October, 2014

The board of mining giant Rio Tinto rejected a massive merger proposed by rival Glencore, according to reports.

A "GlenTinto" merger would have created the world’s largest miner and commodities trader, although would likely have faced significant regulatory on China and Australia.

Glencore is likely to have viewed Rio’s huge iron ore operations - the second largest in the world - as the key prize, given that it does not produce any at...

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