AustralianSuper says possible Glencore listing on ASX would be positive

AustralianSuper said a potential Glencore secondary listing on the ASX would be positive for both the Swiss miner and the Australian bourse, saying the Australian market is the “best and most informed” mining market and could help Glencore’s shares better reflect their worth. The fund has discussed the idea with Glencore and said a local listing would give investors more choice. The article notes earlier merger talks between Glencore and Rio Tinto that would have created a roughly $240 billion company but collapsed, and highlights AustralianSuper’s cautious M&A stance—evaluating deals on a three- to five-year intrinsic value horizon. BlackRock also commented that sensible large-scale M&A can attract generalist investors. Market impact: an ASX listing or large-scale consolidation in mining could boost the Australia 200/index via increased liquidity, investor interest and potentially higher sector valuations.