Apparently RIO is not interested in buying Glencore, from BS:
Rio Tinto chief executive Sam Walsh has said he isn’t interested in making a bid for Glencore despite the sharp decline in the embattled Swiss miner’s stock in the past few months.
Mr Walsh said in an interview Tuesday that he doesn’t think Rio’s and Glencore’s businesses are well aligned and that Glencore operates in different geographic areas than Rio.