US EditionGlencore's CEO Is Privately Telling Investors He Expects Another Shot at Rio Tinto
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Glencore's CEO Is Privately Telling Investors He Expects Another Shot at Rio Tinto
The merger that would create the world’s largest mining company collapsed in February. Glencore‘s (LON: GLEN) CEO is now privately telling investors it’s only a matter of time before the numbers force Rio Tinto back to the table. Glencore CEO Gary Nagle is hopeful that rising coal prices will revive merger discussions with Rio Tinto (ASX: RIO), according to three investors who met with leaders of both companies in Australia this week and spoke t…
Glencore CEO Gary Nagle seeks to capitalize on the improvement in the valuation of his company to resume the dialogue in August. The goal is to create a global giant with absolute dominance in the copper market and the marketing of raw materials. The global mining board is again shaken. Following the failure of the negotiations in February, Glencore has begun to prepare the ground for a new rapprochement with Rio Tinto. The strategy, driven by i…
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