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Rio-Freeport marriage unlikely

A merger of majors Rio Tinto and Freeport-McMoran makes sense on many levels but won't happen for several reasons, according to investment firm Jefferies.

Rio-Freeport marriage unlikely Rio-Freeport marriage unlikely Rio-Freeport marriage unlikely Rio-Freeport marriage unlikely Rio-Freeport marriage unlikely

The politics surrounding the Grasberg copper-gold mine in Indonesia is one obstacle in front of a Rio-Freeport deal

Rumours of a potential tie-up have circulated previously and have resurfaced recently as Rio looks to make use of its balance sheet strength and Freeport attempts to find an exit from its suffocating

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