Rio Tinto (LSE: RIO) doesn’t seem exactly wedded to its thermal coal business, so reports that Mick Davis’ X2 vehicle may be seriously considering a bid would make sense. But even better would be if the interest lures Glencore (LSE: GLEN) into the fray.
Glencore plc Joining A Bidding War For Rio Tinto plc’s Coal Would Be A Windfall For Rio Shareholders
VIDEO: One Fool puts Rio Tinto plc (LON:RIO) and BHP Billiton plc (LON:BLT) under the spotlight.
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