Rio Tinto and Glencore spoke for months about deal that was once taboo
The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.
Five miners have been killed after an 800-metre tunnel collapsed in a coal mine in Afghanistan.
The mine is located in the rural town of Dar-i-Suf, Samangan province, in the northern part of the country. According to the Associated Press, district chief Mohammad Ali Hassani said that another four people were rescued after the accident but one worker is still missing.
Hassani told the news agency that the mine was dug with little regard for safety and that those working in it were poor labourers with no other way to make a living.
Providing additional details, Afghani news site Tolo News said that a methane gas explosion caused the mine’s failure.
