Macquarie shrugs off drama to land the big fish in deals

Rio Tinto and Glencore jumbo deal may finally have what it takes

Mining lore has long held that a megadeal between Rio Tinto Ltd. and Glencore PLC is only a matter of time. The two companies have sniffed around each other before, both in 2014 and as recently as October 2024. Now, they have reopened talks about an all-stock transaction. Their time may finally have come.

Macquarie shrugs off drama to land the big fish in deals

Macquarie’s bankers are advising Rio Tinto and its board on the $100 billion takeover talks with Glencore.

Coal questions hang over mega merger talks

Merger talks between Rio Tinto and Glencore are the big headline grabber of financial and mining news as 2026 begins. But what do they mean for Queensland? Glencore’s significant coal assets are a key part of the question and potential hiccup for the $300 billion mega merger, as Rockhampton-based resource economist Professor John Rolfe explains. While Rio Tinto had exited from coal in Australia, he said Glencore was a major producer here – hitti…

A Glencore-Rio Deal Would Shake Up Canada’s Mining Sector, Again

By Sybilla Gross – Bloomberg Rio Tinto Group revived takeover talks with Glencore in the hope of creating a mining behemoth worth more than $200 billion. Such a deal would intensify pressure on rivals such as BHP Group to chase copper deals just as prices for the metal hit a record this week. A union of two of mining’s most storied names would fundamentally reshape the industry, raising questions about the future of key assets spanning the globe…

BHP will not counter Rio's Glencore bid

BHP has opted against pursuing a rival offer for Glencore as Rio Tinto advances discussions to acquire the Swiss mining giant, said Reuters citing two sources with knowledge of the Australian miner’s strategy. The Melbourne-based company, valued at $158bn, regards Glencore as incompatible with its business model and will instead monitor developments from the sidelines, the sources said. BHP has no interest in Glencore’s trading operations or coa…