Glencore-Rio Tinto Merger Will Happen: Hannam

The transcript discusses a potential deal between Glencore and Rio Tinto, as reported by Hanneman Partners. Jesse Riseborough, a European Commodities reporter, provides insights into Hannum's background and his role in the mining sector. Hannum, a former JP Morgan dealmaker, believes the deal is inevitable and has presented his views to hedge funds. A meeting in Mayfair with 20 firms suggests Hannum is positioning his advisory firm for involvement. Despite skepticism and market challenges, such as the collapse in iron ore prices, Hannum sees potential in the deal.

Who is Hanneman and what is his significance in the mining sector?

• A journalist reporting on commodities

• CEO of Rio Tinto

• A key dealmaker with a history at JP Morgan

• A new investor in Glencore

What was the purpose of the meeting organized by Hanneman Partners?

• To finalize the deal between Glencore and Rio Tinto

• To discuss the rise in iron ore prices

• To position Hanneman's firm for a role in a potential deal

• To announce a new mining project

Why are some people skeptical about the potential deal?

• Due to Hanneman's lack of experience

• Due to a lack of interest from hedge funds

• Because of the high iron ore prices

• Because of the current state of the commodity cycle

What is the key driver of profit for Rio Tinto?

• Coal

• Iron ore

• Gold

• Copper

How might Glencore benefit from the current iron ore price situation?

• By forming a joint venture with another company

• By acquiring Rio Tinto at a lower price

• By selling off its iron ore assets

• By increasing its production