Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, Considering Rio's recently announced dividend which was below consensus dividend (despite it falling within the Board's predetermined range), is it a possibility that the Board are choosing to keep some of their powder dry for an acquisition? If so do you consider Mineral Resources or PLS potential targets for RIO? Thanks. H.
Hi Hylton,
I can understand your reasoning following BHP’s bid for OZ Minerals (OZL), RIO certainly wont want to be left behind as an “old school” miner as the world evolves towards a cleaner environment. From a sheer size perspective RIO as a $141bn goliath could undoubtedly orchestrate a bid for either $9bn Pilbara Minerals (PLS) or $11bn Mineral Resources (MIN).
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