>>> Rio Tinto could partner with private equity to pursue large copper producers

Rio Tinto could partner with private equity to pursue large copper producers

Rio Tinto [ASX, LON:RIO] could partner with a private equity player to pursue large copper producers, The Australian’s Dataroom reported. The paper noted that Deutsche Bank said in a report that Rio could pursue an overseas copper producing business to build up its exposure to the commodity.
Deutsche names Anglo American [LON:AAL], First Quantum [TSE:FM], and Freeport [NYSE:FCX] as potential targets, the paper said.
The item noted that Anglo American has a market capitalisation of USD 23bn, while Freeport is valued at USD 15.32bn and Frist Quantum is valued at USD 8bn. Deutsche noted that the size of the targets would likely require Rio to partner with private equity for financial assistance.
Rio Tinto has a market cap of AUD 113.8bn (USD 81.7bn), the item noted.
Deutsche Bank also speculated that Rio could list the Iron Ore Company of Canada, which would raise USD 3bn, the item noted.