US EditionRio Tinto in talks to buy Glencore to form world's biggest miner
The merger talks aim to create the largest mining company valued at $260–300 billion, with Rio Tinto facing a UK deadline of Feb 5 to proceed or withdraw.
- 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.
101 Articles
101 Articles
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.
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.
By February 5th, it is expected that Rio Tinto will decide on the possibility of a merger, valued at more than 260 billion dollars, with the Swiss Glencore. If the discussions succeed, they will give birth to the world's largest mining company, a rapprochement motivated by the explosion of the copper market.
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