Rio Tinto boss remains quiet on potential merger bid | The Business | ABC News

Rio Tinto Chief Executive Jakob Stausholm is remaining tight-lipped on what the BHP takeover bid of Anglo American could mean for the mining giant. The boss of the world's largest iron ore producer says any merger between two major miners would change the industry. He would not comment whether Rio would join the race in securing Anglo American assets, but however stated that they are focused on doubling copper production in the next 10 years as well as growing their iron ore business. The Rio boss says that part of the business will remain the golden goose for decades to come as the world population grows and developing nations build infrastructure. And while China's demand has peaked, India is emerging as the next big customer.
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