Glencore Backs Copper Growth And Cash Returns After Ending Rio Tinto Talks
Glencore (LSE:GLEN) has ended merger discussions with Rio Tinto, halting talks over a potential multi billion dollar mining tie up. The company has indicated it remains open to large scale deals in the sector, keeping consolidation on the table. Glencore is moving to accelerate copper production, supported by a new land agreement in the DRC and higher output targets. The group has also announced a significant shareholder return program via dividends. Glencore is a global mining and...
Glencore (LSE:GLEN) has ended merger discussions with Rio Tinto, halting talks over a potential multi billion dollar mining tie up. The company has indicated it remains open to large scale deals in the sector, keeping consolidation on the table. Glencore is moving to accelerate copper production, supported by a new land agreement in the DRC and higher output targets. The group has also announced a significant shareholder return program via dividends. Glencore is a global mining and...