British‑Australian mining company Rio Tinto Group and Swiss mining company Glencore are in talks to merge to create the world's largest mining company. This is reported in the press releases of Rio Tinto and Glencore.
Rio Tinto is considering the possibility of acquiring a share or all of Glencore's assets as part of a stock exchange. According to the law, the company must declare its firm intention to make an offer to acquire Glencore or abandon the proposed deal on February 5, 2026. At the same time, the deal could amount to $207 billion.
At the end of 2024, the parties to the proposed deal were already negotiating a possible merger, which ended without an agreement at an early stage. In 2014, the negotiations were longer, but also ended in vain.
Rio Tinto's market capitalization is $140 billion, while Glencore's assets are estimated at $60 billion.
Rio Tinto Group is a British—Australian group of companies, one of the top three largest multinational mining and metallurgical concerns in the world. The company includes the operating companies Rio Tinto Limited (Australia) and Rio Tinto plc (UK). The headquarters are located in Melbourne and London.
Glencore is a Swiss trading, logistics and mining company producing coal, copper, zinc, nickel and cobalt. The company is also engaged in marketing and logistics (a network of warehouse facilities, transportation assets and distribution channels), production of agricultural goods and energy products. In 2024, revenue totaled $231 billion. The headquarters is located in Bar (Switzerland).
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