SYDNEY, Jan 9, 2026 (BSS/AFP) - Swiss resources giant Glencore said Friday it is in merger talks with British-Australian rival Rio Tinto, potentially creating the world's biggest mining group. Glencore said it was in preliminary discussions with Rio Tinto "about a possible combination of some or all of their businesses". The "current expectation" is that Rio Tinto would acquire Glencore by a court-sanctioned scheme of arrangement, the Swiss firm said. Shares in Rio Tinto, which confirmed the merger talks in a separate statement, fell 5.1 percent in afternoon trade in Sydney. Rio Tinto said it had until February 5 to announce whether or not it is going ahead with the Glencore merger.

Source: Bangladesh Sangbad Sangstha January 09, 2026 09:04 UTC