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Market Chatter: Rio Tinto in Talks With Vitol Over Freight, Logistics Joint Venture

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Rio Tinto (RIO) is in talks with Vitol Group about a potential joint venture that could help cut freight and logistics costs, Bloomberg reported Thursday, citing people familiar with the matter.

It is not clear what the size and range of a potential joint venture would be, but one area being discussed is how Vitol could help Rio with risk management tools for freight, including derivative trading within its freight and logistics operations, the people reportedly said.

Rio and Vitol didn't immediately reply to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $95.11, Change: $+1.08, Percent Change: +1.14%

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