Rio Tinto (dual-listed on the London and Australian Stock Exchanges) held its two Annual General Meetings this year, in London on 17 April and in Brisbane on 24 April. At both events, the "elephant in the room" - impossible to ignore or overlook - was the pending takeover bid by BHP Billiton, the world's largest mining company with a market capitalisation of about US 190 billion. Rio Tinto is the world's third largest mining group, with a market capitalisation of around US 150 billion. An amalgamation of the two would create an entity much larger than any other company, including Vale (with a market capitalisation of US 150-160 billion), Anglo American (with a market capitalisation of just over US 80 billion) and Xstrata (with a market capitalisation of about US 75 billion)
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