Will Rio take the plunge into M&A?
The time is ripe for Rio Tinto to use its soaring share price and strong balance sheet to make a major acquisition in copper, according to boutique fund manager Tribeca Investment Partners.
Tribeca portfolio manager Ben Cleary said Rio should consider coming in over the top of BHP and Newcrest and buy SolGold and its copper assets in Ecuador.
"This is one we have been watching and we think the asset is better off in Rio's hands," he said.
Mr Cleary said a potential $1.5 billion...