World's largest mining company maybe underway

Rio Tinto, the world's second-largest mining company, is again subject to talks of a potential merger with another mining company, Swiss-based Glencore.

The world's second-largest mining company, Rio Tinto, is yet again at the center of potential merger talks with another mining company, Swiss-based Glencore, as the latter has been testing the waters with Rio Tinto's largest investor - Chinese Chinalco - which owns 9.8 percent of Rio Tinto, reports Bloomberg News as the news outlet has spoken to unnamed persons familiar with the proceedings.

Back in July, Rio Tinto's Board of Directors unanimously rejected a potential merger, but Chinalco seems more open to the idea.

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