One less company to choose a job from for the post-resources ministerial portfolio!
Hefty_Delay7765 on
… yes, but will they then pay their fair share of tax?
Harlequin80 on
This feels unlikely. Rio won’t want Glencore’s coal operations, and I also don’t see them wanting the trading business.
You could hypothetically see Rio take the none coal operations, but that would leave a very high risk undiversified operation in the left over glencore.
myotheraccount2023 on
So a major miner?
OpinionatedShadow on
This would be excellent news if we followed this up with immediate nationalisation of the resultant company.
ciaphas-cain1 on
Can we just use this as an excuse to nationalise them
jestate on
When Rio and BHP had their proposed mega merger in 2007ish, China found a reason to arrest several execs in the country at the time. The merger was called off a while late and the execs were magically released.
The market context has moved on since then of course, but if I were a senior exec I’d stay away from countries who consume a lot of minerals and where the rule of law is not perfectly upheld.
dav_oid on
Miner + miner = major
Misicks0349 on
Worlds biggest thieves ;P
RecipeSpecialist2745 on
You would think that monopoly laws would be a consideration in this case. But I am sure some pollies somewhere will see more financial benefit for themselves.
13 Comments
That sure sounds like something no one needs.
This streamlines the bribes to a single source
One less company to choose a job from for the post-resources ministerial portfolio!
… yes, but will they then pay their fair share of tax?
This feels unlikely. Rio won’t want Glencore’s coal operations, and I also don’t see them wanting the trading business.
You could hypothetically see Rio take the none coal operations, but that would leave a very high risk undiversified operation in the left over glencore.
So a major miner?
This would be excellent news if we followed this up with immediate nationalisation of the resultant company.
Can we just use this as an excuse to nationalise them
When Rio and BHP had their proposed mega merger in 2007ish, China found a reason to arrest several execs in the country at the time. The merger was called off a while late and the execs were magically released.
The market context has moved on since then of course, but if I were a senior exec I’d stay away from countries who consume a lot of minerals and where the rule of law is not perfectly upheld.
Miner + miner = major
Worlds biggest thieves ;P
You would think that monopoly laws would be a consideration in this case. But I am sure some pollies somewhere will see more financial benefit for themselves.
Imagine if we nationalised mining…