Is Rio Tinto talking seriously with Glencore-Xstrata about an Australian coal merger, or holding its Chinese and Indian suitors to account? Maybe it’s doing both. There’s legislative movement afoot for the reach rule, but it comes too late for the networks. Meanwhile, ASX’s raising hasn’t exactly been welcomed with open arms by the market analysts and Billabong International has another high-stakes board meeting today.
Rio Tinto, Glencore-Xstrata
What’s going on with Rio Tinto and its Australian coal assets?