Rio Tinto in Talks With Vitol Over Venture to Cut Freight Costs

Rio Tinto Group is in talks with oil-trading giant Vitol Group about setting up a freight and logistics joint venture, less than five months after ending talks to buy rival...

By Jack Ryan, Thomas Biesheuvel, Archie Hunter · Bloomberg Markets

Rio Tinto Group is in talks with oil-trading giant Vitol Group about setting up a freight and logistics joint venture, less than five months after ending talks to buy rival miner and trader Glencore Plc.