Glencore, Rio Tinto Confirm Early Merger Talks -- Barrons.com

Dow Jones01-09

By Janet H. Cho

Swiss mining company Glencore PLC and British minerals miner Rio Tinto confirmed they are in early talks about a combination of some or all of their business, including a possible all-share merger of the two companies.

Glencore produces metal, mineral, and energy, and agricultural commodities, while Rio Tinto mines and processes iron ore, aluminum, copper, and minerals.

Rio Tinto is the bigger of the two, with a market value of around $140 billion, while Glencore's market value is around $65 billion. Both of them said in separate statements on Thursday that one consideration would be for Rio Tinto to buy Glencore in a "court-sanctioned arrangement."

Shares of Glencore fell 2.3% in London trading on Thursday, while Rio Tinto fell 1%.

The companies cautioned on Thursday that there isn't any certainty about whether a deal will come together. They said they would announce more "as appropriate." Earlier, the Financial Times reported the talks.

Rio Tinto has until 5 p.m. Feb. 5, to "either announce a firm intention to make an offer for Glencore" or announce that it doesn't intend to make an offer, the companies said.

Write to Janet H. Cho at janet.cho@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 08, 2026 17:30 ET (22:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Cho \n</p>\n<p>\n  Swiss mining company Glencore PLC and British minerals miner <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a> confirmed they are in early talks about a combination of some or all of their business, including a possible all-share merger of the two companies. \n</p>\n<p>\n  Glencore produces metal, mineral, and energy, and agricultural commodities, while <a href=\"https://laohu8.com/S/RIO.AU\">Rio Tinto</a> mines and processes iron ore, aluminum, copper, and minerals. \n</p>\n<p>\n  Rio Tinto is the bigger of the two, with a market value of around $140 billion, while Glencore's market value is around $65 billion. 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Cho \n</p>\n<p>\n  Swiss mining company Glencore PLC and British minerals miner <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a> confirmed they are in early talks about a combination of some or all of their business, including a possible all-share merger of the two companies. \n</p>\n<p>\n  Glencore produces metal, mineral, and energy, and agricultural commodities, while <a href=\"https://laohu8.com/S/RIO.AU\">Rio Tinto</a> mines and processes iron ore, aluminum, copper, and minerals. \n</p>\n<p>\n  Rio Tinto is the bigger of the two, with a market value of around $140 billion, while Glencore's market value is around $65 billion. 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Both of them said in separate statements on Thursday that one consideration would be for Rio Tinto to buy Glencore in a \"court-sanctioned arrangement.\". Shares of Glencore fell 2.3% in London trading on Thursday, while Rio Tinto fell 1%.The companies cautioned on Thursday that there isn't any certainty about whether a deal will come together. They said they would announce more \"as appropriate.\" Earlier, the Financial Times reported the talks.Rio Tinto has until 5 p.m. Feb. 5, to \"either anno","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","GLNCY":"Glencore Plc"},"translate_title":"嘉能可和力拓确认早期合并谈判--Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLNCY":0.9},"content_text":"By Janet H. Cho \n\n\n  Swiss mining company Glencore PLC and British minerals miner Rio Tinto confirmed they are in early talks about a combination of some or all of their business, including a possible all-share merger of the two companies. \n\n\n  Glencore produces metal, mineral, and energy, and agricultural commodities, while Rio Tinto mines and processes iron ore, aluminum, copper, and minerals. \n\n\n  Rio Tinto is the bigger of the two, with a market value of around $140 billion, while Glencore's market value is around $65 billion. Both of them said in separate statements on Thursday that one consideration would be for Rio Tinto to buy Glencore in a \"court-sanctioned arrangement.\" \n\n\n  Shares of Glencore fell 2.3% in London trading on Thursday, while Rio Tinto fell 1%. \n\n\n  The companies cautioned on Thursday that there isn't any certainty about whether a deal will come together. 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