After Bloomberg reported Rio Tinto (RIO) and Glencore (GLNCY) held early-stage talks about combining their businesses, a source familiar with the matter told Reuters that Glencore approached Rio late last year, but the talks were brief and no longer active. In 2014, Rio Tinto rejected a merger offer from Glencore that would have allowed the combined company to surpass BHP as the world’s biggest miner, Reuters points out. Shares of Rio are down 1% to $59.84 in late day trading.
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