| Rio Tinto does not need to do a deal with Glencore, its chief executive Sam Walsh said after the Anglo-Australian miner defied the gloom in the commodities sector by increasing its dividend and announcing a $2bn share buyback.
Rio has been under pressure to make good on promises to increase returns to shareholders and ward off any fresh approach from Glencore. The Swiss-based mining house can make another approach in April under UK takeover rules, after a merger proposal was rebuffed by Rio last year...............................................Full Article: Source
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