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AAP
AAP
Adrian Black

'Glen Tinto' deal dead as Rio exits same river thrice

Rio Tinto has walked away from a merger with mining giant and commodity rival Glencore. (Paul Braven/AAP PHOTOS)

Rio Tinto's call to reject a deal to become the world's largest mining company has shown discipline, but it will have to find other ways to bulk up its copper portfolio amid a global scramble for the base metal.

The Australian-UK giant walked away from the merger with commodity rival Glencore, which would have spawned a company worth more than $288 billion.

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