Rio-Glencore Deal Closer Than Ever With Premium and CEO in Focus

Glencore Plc boss Gary Nagle has called it the most obvious deal in mining. His predecessor and mentor Ivan Glasenberg has been trying to pull it off for nearly two...

By Thomas Biesheuvel, Dinesh Nair, Jack Farchy, Leonard Kehnscherper · Bloomberg Markets

Glencore Plc boss Gary Nagle has called it the most obvious deal in mining. His predecessor and mentor Ivan Glasenberg has been trying to pull it off for nearly two decades. And yet the merger of Glencore with Rio Tinto Group has proven elusive – until now.