US EditionRio Tinto in talks to buy Glencore to form world's biggest miner
The merger talks aim to capitalize on soaring copper demand, potentially creating the world's largest mining company valued at over $260 billion, combining trading expertise and critical minerals.
- Rio Tinto and Glencore are in talks about a possible $260 billion megadeal that could form the world's largest mining firm.
- Rio Tinto has until February 5 to announce an intention to acquire Glencore or walk away from the deal.
- A merger is expected to create one of the world's top five copper producers amid rising demand and prices for the metal.
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112 Articles
The table could lead to a transaction with an estimated value of 200 billion dollars, which would give life to the first mining company in the world for size and global presence.
The Swiss mining giant Glencore has announced that it is in discussions with its Anglo-Australian competitor Rio Tinto with a view to a possible merger.
Mining giants Glencore, Rio Tinto revive merger talks
Glencore and Rio Tinto revived merger talks that would create the world’s largest mining company, as global demand surges for metals and minerals key to the energy transition and AI infrastructure buildout. Negotiations between the pair collapsed in 2024, but have taken on renewed momentum after a recent deal combining Anglo American and Canada’s Teck Resources, the Financial Times noted, putting pressure on other mining giants to scale up to be…
Rio Tinto and Glencore discuss mega-merger as copper boom tempts miners
Rio Tinto and Glencore have confirmed they are in preliminary discussions over a potential deal that could create the world’s largest mining company, with a combined market value exceeding $200 billion. The talks mark a renewed attempt at consolidation in a sector being reshaped by surging ...
Already at the end of 2024 there had been an attempt by the two mining companies to approach. Now there is a new advance. Analysts are skeptical.
Evening Standard
Glencore shares surge after confirming talks with Rio Tinto over mega-merger
Its share price was up by more than 8% on Friday morning.
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