[miningmx.com] – RIO Tinto CEO, Sam Walsh, said in an interview with Bloomberg News that he would not allow anyone in the group to be distracted by the prospect of a renewed merger bid from Glencore.
“I’m going to be very careful going forward that I don’t allow people to be distracted,’ he told the newswire service.
“The best thing for this company, the best thing for our shareholders, is to continue to do what we say we are going to do, and I’ve been very clear — I’m committed to shareholder returns,’ said Walsh.
Glencore said on October 7 that it had desisted from plans to bid for Rio Tinto but that it would reserve the right to revisit the proposal following a six month period in terms of London Stock Exchange regulations.
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