Business 2014

The different company cultures would not be easy to reconcile. Rio prides itself on its exploration skills and is full of “geeky engineers”, said an insider, but Glencore’s trading heritage has fostered a freewheeling esprit de corps, with little appetite for embarking on big mine-building projects.“I would imagine the culture clash between Glencore and Rio to be immense and a major threat to the success of a deal,” said Peter Mallin-Jones, an analyst at Canaccord Genuity.

via Expect more action on Rio Tinto merger with Glencore | Business Times | BDlive.

via Business 2014.


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