08:32 AM EDT, 07/12/2024 (MT Newswires) -- Rio Tinto is studying a refreshed list of takeover targets that includes Canadian miner Teck Resources, Sky News reported on Friday, Reuters has noted. But Reuters said a source close to the world's second-largest miner said a bid was not imminent.

Citing unnamed sources, the Sky News report said Rio had drawn up detailed proposals for a potential bid for Teck, which included approaching banks for financing a deal. Rio declined to comment on the report.

Teck, which is valued at nearly C$35 billion (US$25.71-billion), according to LSEG data, recently sold its steelmaking coal unit to Swiss commodities trader Glencore in a deal worth about $6.9-billion.

Friday's report that Rio is refreshing its list of possible takeover targets comes weeks after rival BHP walked away from its $49-billion plan to take over rival Anglo American .

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