Mining Giants Rio Tinto and Glencore Explore Potential Merger

Rio Tinto and Glencore have been in early-stage talks about a potential merger, which could result in the mining sector's largest deal with a market value of around $158 billion. Despite previous merger discussions and industry pressures, current talks appear to be inactive.


Devdiscourse News Desk | Updated: 17-01-2025 05:44 IST | Created: 17-01-2025 05:44 IST
Mining Giants Rio Tinto and Glencore Explore Potential Merger
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Speculations have arisen about a possible merger between Rio Tinto and Glencore, two of the world's leading mining companies. Bloomberg News, on Thursday, reported that these giants have engaged in early-stage discussions, citing sources familiar with the matter.

If successful, this merger would be the mining industry's largest, creating a combined entity worth around $158 billion, potentially overshadowing BHP's $126 billion valuation. However, it remains unclear whether the discussions are still active, as both companies have declined to comment on the matter.

Glencore had previously approached Rio Tinto with a merger proposal in 2014, which was subsequently rejected. Current discussions coincide with fluctuating iron ore demands in China and a wave of consolidation in the mining sector, as companies aim to secure critical materials for clean energy solutions.

(With inputs from agencies.)

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