Glencore and Rio Tinto have restarted talks over a potential megamerger to create the world’s largest mining company, nearly a year after previous deal discussions between the global miners collapsed.
The potential deal would create a mining behemoth with an enterprise value of more than $260bn, at a time when the race for copper is reshaping the sector.
The two groups on Thursday separately confirmed they were in “preliminary discussions” about a “possible combination of some or all of their businesses, which could include an all-share merger between Rio Tinto and Glencore”.
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