Rio Tinto, Vitol Explore Freight Joint Venture 5 Months After Glencore Talks Ended
Updated
Updated · Bloomberg · Jun 25
Rio Tinto, Vitol Explore Freight Joint Venture 5 Months After Glencore Talks Ended
1 articles · Updated · Bloomberg · Jun 25
Summary
Rio Tinto is in early talks with Vitol on a freight and logistics joint venture aimed at lowering shipping and supply-chain costs.
The discussions are still preliminary, and the companies have not settled the venture’s size, structure or scope, according to people familiar with the matter.
The move comes less than five months after Rio Tinto ended talks to buy Glencore, signaling it is still exploring trading and logistics options through partnerships rather than a full takeover.