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https://au.news.yahoo.com/a/25244391/enterprise-carbon-savings-important-accc/ I dont consider Glencore may manage to pay for that premium. The Glencore cope with Rio Tinto would have been the industrys biggest. It usurp BHP Billiton, with significant generation of coal ore, and would create the largest mining firm, worth a lot more than $160 million. Glencore abandoned the bet on Oct. 7 after it was rebuffed by Rio Tinto. http://www.mineweb.com/mineweb/content/en/mineweb-mining-finance-investment-old?oid=256169&sn=Detail

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Rio wont stateyes` to Glencore without 30% premium - MINING FINANCING / INVESTMENT - Mineweb.com Mineweb

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