Glencore Close to Appointing Citi as Adviser for Rio Tinto ...

Rio Tinto investors ditch Australian shares as merger talks climax

Institutional investors are favouring Rio Tinto’s London-listed shares at the expense of its Australian stock ahead of a possible merger with Glencore.

Glencore close to appointing Citi as adviser for Rio Tinto ...

Glencore in talks to sell DRC copper assets for $9bn

GLENCORE said on Tuesday it was in talks to sell a 40% stake in its copper and cobalt mines in the Democratic Republic of Congo. A memorandum of understanding had been signed between Glencore and potential buyer Orion Critical Mineral Consortium – a partnership between Orion Resource Partners and the US government. The transaction, which is for the assets of Mutanda Mining (Mumi) and Kamoto Copper Company (KCC), will imply an enterprise value of…

Glencore Nears Citi Engagement Amid Rio Tinto Talks

Swiss miner Glencore is reportedly close to engaging Citi as its lead investment bank on its potential acquisition by Rio Tinto. This deal could create the world’s largest miner, valued at over $200 billion. According to sources familiar with the matter, Citigroup Global Markets Inc. filed disclosures with the UK Takeover Panel in January, identifying itself as connected with Glencore Plc concerning a possible deal with Rio Tinto. Citi and Glenc…

Inside the Rio–Glencore talks as a decision deadline nears

Image: sdx15/Adobestock.comMerger talks between the mining giants are approaching a critical juncture, with sources suggesting the February 5 deadline for a potential $300 billion deal is likely to be extended. It was reported by the Australian Financial Review that an extension is the most probable scenario, according to sources close to the negotiations. Under British takeover rules, Rio must either announce a firm intention to make an offer, …