AFR reports that Glencore is open to listing Australia if it's beneficial.

The Australian Financial Review reported that Glencore was "open" to considering a listing in Australia if it proved beneficial for the company. This follows the failure of merger negotiations with Rio Tinto.

According to the report, a secondary ASX listing could attract more investors. "It would give investors an alternative option other than Rio and BHP," CEO Gary Nagle said.

Nagle, a newspaper reporter, said that the company would have to consult with its shareholders before proceeding?with any listing.

Glencore declined to provide any further comment on the report.

Rio abandoned takeover negotiations with Glencore in Feburary, ending months' worth of negotiations to create the largest mining group in the world.

Glencore said that the proposed terms were too low for its copper business, and Rio said it would not provide enough value to its shareholders.

Glencore decided to stay in the UK, after evaluating the "material friction costs" involved.

The miner delisted in Hong Kong 'in 2018 after already having a secondary listing?in Johannesburg. Reporting by Nithyashree R. B. in Bengaluru. Additional reporting by Rishab Shaju and Simone Lobo. Editing by Shreya biswas and Mark Potter.

(source: Reuters)