Rio Tinto and Glencore end talks to create the world's largest mining company
Rio Tinto has ended talks to acquire Glencore after failing to agree on a valuation. The deal would have created a mining giant worth over $200 billion.
Insights:
Rio Tinto Group has officially walked away from takeover talks with Glencore plc , ending months of negotiations over a proposed merger that would have reshaped the global mining industry. The company announced today, February 5, 2026, that it had concluded the proposed acquisition did not deliver sufficient value to its shareholders. This decision brings an end to a transaction that would have created the world’s largest mining company with a market value greater than $200 billion.
