RE: Rio talks on again8 Jan 2026 21:40
Rio
Investing.com -- Rio Tinto Group (NYSE:RIO) stock fell 2% Thursday afternoon following a Financial Times report that the mining giant has restarted merger discussions with Glencore (LON:GLEN).
The potential megamerger, which was reportedly under discussion as recently as this week, would create the world’s largest mining company with an enterprise value exceeding $260 billion. According to people familiar with the matter, the talks have resumed nearly a year after previous discussions between the two global miners collapsed.
The renewed merger discussions come at a time when competition for copper resources is reshaping the mining sector. The recent combination of Anglo American and Canada’s Teck Resources—completed as a friendly deal with no premium—has reportedly put pressure on major players like BHP and Rio Tinto to consider strategic consolidation.
If completed, the merger would significantly alter the landscape of the global mining industry, creating a dominant player with extensive reach across multiple commodities and markets.