#glencore

#glencore

This possible deal was confirmed by Rio Tinto recently, with a statement confirming that it was engaged in discussions with Glencore with a view to combining "some or all of their businesses". The wide nature of this statement has led to intense speculation about what it could mean for the global markets, particularly copper. These same companies were locked in talks a year ago, but it ended with no agreement being reached.

Rio Tinto and Glencore are resuming talks to combine the companies in a move that would create the world's largest mining group. The firms are looking at a possible all-share merger, with Rio Tinto as the larger of the two acquiring Glencore by a scheme of arrangement. There have been talks before that broke down, but I think the pair has more chance of success this time.