Glencore revives interest in Rio’s Canada iron ore assets
Glencore Xstrata Plc, the fourth- largest mining company, revived its interest in bidding for the Canadian iron-ore operations that Rio Tinto Group is seeking to sell, according to two people familiar with situation.
Glencore resumed talks with Rio as it studies a possible bid, said the people, who asked not to be identified as the discussions are confidential. Earlier interest from Baar, Switzerland-based Glencore and other parties had waned and Rio was close to pulling the sale, one of the people said.
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