Glencore chief Ivan Glasenberg eyes deals with BHP, Rio
Glencore Xstrata, the world’s fourth-biggest mining company, is studying separate deals with Rio Tinto and BHP Billiton in Australia to reap cost savings at struggling coal and nickel operations.
The company is assessing a bid for BHP’s Nickel West assets in Western Australia, which are near a Glencore nickel project, chief executive Ivan Glasenberg said. The sale also has attracted rival Mick Davis, former CEO of Xstrata, whose X2 Resources has studied bidding, said a person familiar with the matter who asked not to be named as it’s not public.
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