Glencore's backdoor play for Rio

Last year's Glencore-Xstrata merger gives some clues as to the strategy Glencore's CEO will use to stalk Rio Tinto.

Glencore chief executive Ivan Glasenberg wants to create the biggest mining company in the world, but to do that he needs iron ore, and Rio Tinto’s got truckloads of it.

But while the merger would be Glasenberg's dream come true, there’s nothing in it for Rio.


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