Two of the world’s largest mining companies, Rio Tinto and Glencore, are in advanced talks to merge their operations as part of a potential £130 billion deal. The proposed mega-merger aims to capitalize on the growing demand for commodities amidst the global transition to net zero.
The discussions between the two mining giants have been ongoing for some time, with early-stage talks having taken place in recent weeks. A successful merger would not only create one of the largest mining companies globally but also position it well to ride the wave of increasing commodity prices driven by the shift towards a low-carbon economy.
As part of their efforts to stay competitive and capitalize on emerging trends, both Rio Tinto and Glencore are looking to expand their portfolios and increase their market share. A mega-merger would enable them to achieve economies of scale, reduce costs, and enhance their overall competitiveness in the global mining industry.
Source: https://www.telegraph.co.uk/business/2025/01/16/mining-giants-plot-130bn-mega-merger-to-ride-net-zero