Labor warms to mining merger

Original article by Brad Thompson
The Australian – Page: 13 & 14 : 13-Jan-26

The proposed merger between Rio Tinto and Glencore would require regulatory approval in a number of countries, including Australia. Resources Minister Madeleine King does not believe that a merger would be negative for Australia, noting that both companies have a significant presence in the nation’s resourcs industry; she adds that Rio Tinto will always be an important part of the domestic economy. Meanwhile, Barrenjoey analysts suggest that Glencore’s coal assets could be spun-off to existing shareholders if the proposed merger proceeds, given that Rio Tinto has exited coal mining.

CORPORATES
RIO TINTO LIMITED – ASX RIO, GLENCORE PLC, AUSTRALIA. DEPT OF INDUSTRY, SCIENCE AND RESOURCES, BARRENJOEY CAPITAL PARTNERS PTY LTD

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