Global miners set for M&A bonanza: DBRS

“The proposed merger between Rio Tinto and Glencore would create a global mining powerhouse with an enterprise value of US$260 billion and put them significantly ahead of the BHP Group Ltd.,” it said, noting that BHP has been Rio Tinto’s main rival for the title of the industry’s largest player.Under U.K. takeover rules, Rio Tinto now has until Feb. 5 to announce its intention to make a bid for Glencore.If a deal is ultimately consummated, this will likely fuel further dealmaking, the report said.“It is saf ...