[miningmx.com] – A BID for Rio Tinto by Glencore would materialise, said Bloomberg News which cited the comments of former JP Morgan Cazenove banker, Ian Hannam, who was speaking in a private meeting in London.
Convening a meeting with funds who assembled to hear his views on Glencore’s attempt earlier this year to merge with Rio Tinto, Hannam said the Swiss-based miner timed deals well, according to Bloomberg News in its article.
“If not today, this deal will happen sometime in the near future,’ Hannam said in his presentation, according to a copy seen by Bloomberg. “Glencore is M&A savvy and times deals well. The combination will create a super-major with a diversified portfolio of world-class mining assets.’
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