Glasenberg’s madcap manoeuvre, page-23

Hi Pikapika, taking into account Ivan Glasenberg's question of..."who is going to pay $25 Billion"....

It looks increasing likely that Simandou will not happen perhaps for many years of not a decade or more.

http://www.northernminer.com/news/e...f-run-at-rio-tinto-for-now/1003292756/?&er=NA

......"If such a merger went through, the combined entity would have a US$160-billion market cap using today’s valuations, putting it ahead of BHP Billiton’s current US$150-billion valuation, and handing the crown of “World’s Largest Mining Company” to Glencore. It would also give better cover for the merged entity to unload Rio Tinto’s pricey US$20-billion Simandou iron-ore project in Guinea and its politically troublesome Oyu Tolgoi copper-gold mine in Mongolia".........