Glencore, Blackstone eyeing Rio assets

Commodities giant Glencore Xstrata, private equity fund Blackstone and Indian companies are eyeing the $10 billion of assets Rio Tinto Ltd is continuing to attempt to offload, according to The Australian

Rio's Canadian iron ore operations are reportedly attracting interest from Glencore and Blackstone, while the NorthParkes copper mine in New South Wales and thermal coal assets in NSW and Queensland are also on the market, The Australian said. 

Rio has made no secret of its asset sales program, which has been running since 2008, but in the past year has sold just $500 million in assets.