Rio Tinto confirms it rebuffed US$160bn Glencore approach - Rio - TopicsExpress

Rio Tinto confirms it rebuffed US$160bn Glencore approach - Rio Tinto (LON:RIO) confirmed that it rebuffed a US$160bn merger approach that would have created the worlds largest miner. Responding to press speculation, the London and Australia-listed giant said ambitious Glencore (LON:GLEN), which is half Rios size, made the approach in July. The rejection was communicated in early August, Rio added. Chairman Jan du Plessis said: Under the leadership of Sam Walsh ... ow.ly/2OHzpU

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