Glencore-Rio: The deal of the decade?

After London’s biggest mining conference, it’s clear that Glencore’s sights are set once more on Rio Tinto.

Summary: A possible merger between Rio Tinto and Glencore was the leading topic at London’s biggest mining conference last week. Other dominant themes included a preference for base metals, reviving interest in Australian mining companies as the currency falls, and interest in companies with reasonable exploration prospects.

Key take-out: Glencore could make a fresh merger bid for Rio Tinto some time after the Australian miner releases its full-year results in February. This could be a catalyst for a wider flow of deals necessary to start re-shaping the mining sector.

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