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 Glencore eyes Rio Tinto merger

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Glencore eyes Rio Tinto merger Vide
PostSubject: Glencore eyes Rio Tinto merger   Glencore eyes Rio Tinto merger Icon_minitimeMon Oct 06, 2014 7:59 pm
Glencore is crunching the numbers on a potential merger with Rio Tinto next year that would create the world's largest mining company but is likely to face opposition from regulators and Rio board.

Glencore eyes Rio Tinto merger Article%20Lead%20-%20wide6173049610r3jqimage.related.articleLeadwide.729x410.10r3k0.png1412622392592.jpg-620x349

Bloomberg reported on Monday that Glencore had "reached out" Rio's largest shareholder, Chinalco, to gauge its interest in a potential deal. The discussions with the state-backed Chinese company, which owns 9.8 per cent of Rio, took place in recent weeks, according to Bloomberg.

Read more: http://www.smh.com.au/business/mining-and-resources/glencore-eyes-rio-tinto-merger-20141007-10r3k0.html#ixzz3FPdfGx93
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