It is assumed the merger transaction will be achieved through Rio Tinto acquiring Glencore. Bloomberg reports the figure in question is $207 billion.
The British-Australian mining concern Rio Tinto and the Swiss mining firm Glencore have officially confirmed they are holding further preliminary discussions regarding a merger, which could result in the creation of the world’s largest mining company.
Notices about this are published on the official websites of Rio Tinto and Glencore.
“Glencore notes recent media reports and confirms that it is holding preliminary discussions with Rio Tinto regarding a potential combination of some or all of their businesses, which could involve a merger in the form of a share exchange between Rio Tinto and Glencore. It is assumed that any merger deal would be realized by Glencore being acquired by Rio Tinto,” states the Glencore press release.
Under the law, Rio Tinto has until 5:00 PM London time on February 5, 2026, to either announce a firm intention to make an offer to purchase Glencore or declare that it does not intend to make such an offer.
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