Reports include metals and mining giants BHP, Rio Tinto, Glencore and Anglo American PLC There is no doubt that the huge dollar is the huge industry on its way to monotheism in 2025. However, an agreement between competitors has been reached a long time ago. Be more difficult than just combining assets .
Recently, the Swiss multinational Glencore revealed that it was holding talks with the British Australian Rio Tinto throughout the second half of last year, looking to integrate the two companies, which hold the exhibition of various assets and geographical sites.
The potential deal, which will be the largest for the sector ever, will create more than 140 billion dollars in the market industry and open the road for important synergy, especially in the very disputed copper works, as the group will start the company to become one of the three best miners for commodities on the planet , According to City Bank.
While modern reports have caused cold water on the horizons of the deal, noting that coal was exposed to Gleencore as the main proverb-Rio Tinto is completely away from coal in 2018-a spokesman Glencore reinforced the position of the pro-wandering company. They said: “Integration and purchasing operations are a good thing in it, and we are always open to conducting the perfect value of the company.”
This is not the first time that the giants have discussed the combination of their work. In 2014, Glencore tried to take a step for Rio Tinto’s assets, but was met with a company and immediate rejection. According to what was reported, the reception was completely different this time, as the two companies became involved in months of conversations, albeit without reaching a happy end until now.
The urgency feeling is often justified by the last BHP leader’s attempt to take over the London -based Anglo PLC. While the talks ended without an agreement, the position of the British giant “led to a high temperature in the already high temperature and purchase environment,” according to the RBC Capital Markets Ben Davis analyst.
“The entire industry is discussing how to unify the majors for several years so far. George Chivelli, Ninety One UK LTD. The specializations, explains that people have not completely succeeded in how to do this yet.”
