Rio Tinto and Glencore abandon historic mining merger talks again
Talks of a potential merger between Rio Tinto and Glencore have ended without progress. The discussions, which took place recently, would have created the largest deal in mining history. Both companies have since confirmed that no further negotiations are underway.
Glencore first approached Rio Tinto about a merger in 2014, but the proposal was rejected. Since then, Rio Tinto has shifted its focus away from coal, exiting the sector entirely. Instead, it has expanded its copper and lithium operations, aligning with cleaner energy trends.
The failed negotiations mark the second time in a decade that a merger between the two mining giants has fallen through. With no active discussions, both companies will continue operating independently. Rio Tinto remains focused on its copper and lithium expansion, while Glencore’s future direction is less clear.
