Original article by Mark Wembridge, Tom Rabe
The Australian Financial Review – Page: 15 : 13-Jan-26

BHP has declined to comment on speculation about its possible response to the renewed merger between Rio Tinto and Glencore. Romano Sala Tenna from Katana Asset Management says it could make more sense for BHP to merge with Glencore, given that both companies have significant coal assets and Rio Tinto has completely exited that sector. He adds that growing global sovereign risk means that achieving scale in the mining sector also makes sense. MKI Global Partners’ CEO Mark Kelly in turn notes that BHP is seeking to reduce its reliance on iron ore for export earnings.

CORPORATES
BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, KATANA ASSET MANAGEMENT LIMITED, MKI GLOBAL PARTNERS