Rio Tinto and Glencore have restarted talks over a merger that would create the world’s largest mining company. Rio Tinto, which has an enterprise value of $162bn, said the deal under discussion would potentially result in it acquiring Glencore. “The parties’ current expectation is that any merger transaction would be effected through the acquisition of Glencore by Rio Tinto by way of a court-sanctioned scheme of arrangement,” the company said in a statement. Rio Tinto sold its last coalmine in 2018. Nagle, the former head of Glencore’s coal assets, took over from the longtime boss Ivan Glasenberg in 2020.

Source: The Guardian January 10, 2026 09:49 UTC