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Rio Tinto's Australian investors applaud end to Glencore takeover talks
Australian shareholders in Rio Tinto have welcomed the mining giant's decision to end merger talks with Glencore, and said it is now up to the company to deliver on a new strategy that it has put so much weight on. The proposed merger, first announced in January, would have created the world's largest mining company, with a market value exceeding $200-billion. Rio said on Thursday the two companies could not strike a deal that delivered sufficient value to shareholders. While exact details of any bid were not made public, Rio's investors had feared the miner, looking to build up its copper business, could pay too ... (full story)
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- Feb 5, 2026 10:59pm Posted byFundamental Analysis169
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