Winning Rio

Ivan Glasenberg's Glencore beats Rio on most metrics. A touted combination of the two companies could be very successful.

Summary: It’s worth taking seriously recent speculation of a Glencore takeover bid for Rio Tinto. Diversified commodities giant Glencore has a far stronger corporate culture and is more focused on shareholder returns. The Swiss giant has a greater mix of assets and could be interested in adding Rio’s prize low-cost iron ore operations. A combined Glencore-Rio, possibly executed with a share-swap and cash top up takeover bid, would be the biggest mining company in the world.

Key take-out: Glencore could succeed in a bid for Rio Tinto. The merged resources giant would be a “must-own” for investors seeking mining exposure.

Key beneficiaries: General investors. Category: Shares.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles