Glencore Ends Rio Talks Refocusing On Capital Choices And Future Growth
Glencore (LSE:GLEN) has ended preliminary merger discussions with Rio Tinto. The potential combination between the two mining and commodities groups is no longer being pursued. The decision removes a possible large scale tie up that had drawn attention across the global mining sector. For you as an investor, the end of these talks keeps Glencore focused on its existing mix of mining and commodity marketing operations, rather than integrating another large diversified miner. In a sector...
Glencore (LSE:GLEN) has ended preliminary merger discussions with Rio Tinto. The potential combination between the two mining and commodities groups is no longer being pursued. The decision removes a possible large scale tie up that had drawn attention across the global mining sector. For you as an investor, the end of these talks keeps Glencore focused on its existing mix of mining and commodity marketing operations, rather than integrating another large diversified miner. In a sector...