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.

What was the purpose of the meeting held in Mayfair involving Hannum and the hedge funds?

What are the implications of Hannum positioning his advisory firm for a role in the potential deal?