US EditionRio Tinto in talks to buy Glencore to form world's biggest miner
The merger talks aim to create the world’s largest mining company valued over $260 billion, combining strengths in copper, iron ore, nickel, zinc, and coal, with a Feb 5 bid deadline.
- 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.
124 Articles
124 Articles
Rio Tinto, Glencore Resume Talks to Form World’s Largest Mining Company
Swiss mining company Glencore and Australia’s Rio Tinto are once again in discussions that, if successful, would result in the merger of the two companies and the formation of the world’s largest miner. Currently, that title is held by another Australian firm, BHP, with a market capitalisation of $161 billion (US$107.79 billion), but a combined Rio Tinto ($142 billion) and Glencore ($65 billion) merger would create an even larger entity. Both co…
£190 Billion Deal Would Create World's Largest Mining Entity
The global mining landscape is bracing for a seismic shift after Rio Tinto and Glencore confirmed they are in talks regarding a potential merger. A tie-up between the two FTSE 100 titans would create the world’s largest mining entity, boasting a combined enterprise value of approximately £190bn. Glencore shares rallied nine per cent in early trading to 449.20 but Rio Tinto took a six per cent tumble to 143.06p. The move comes amid a race to beef…
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…
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