Key facts: Glencore merger chances rise; funds' concerns; copper strike
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Glencore (GLEN) indicates that a coal rally and weaker iron ore prices from Rio Tinto may revive merger discussions, which previously stalled over valuation issues. Australian funds have raised governance concerns, which Glencore dismissed as a minority view. Any potential merger would require significant shareholder and government approvals. Additionally, a four-hour strike occurred at Glencore's Townsville copper refinery amid ongoing pay negotiations, with unions threatening further action if terms are not improved.
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