{"id":30765,"date":"2026-01-12T16:10:05","date_gmt":"2026-01-12T12:10:05","guid":{"rendered":"https:\/\/gbc1.net\/?p=30765"},"modified":"2026-01-13T14:47:37","modified_gmt":"2026-01-13T10:47:37","slug":"rio-tinto-interested-in-takeover-of-glencore-to-form-worlds-largest-mining-company","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2026\/01\/12\/rio-tinto-interested-in-takeover-of-glencore-to-form-worlds-largest-mining-company\/","title":{"rendered":"Rio Tinto Interested in Takeover of Glencore to Form World&#8217;s Largest Mining Company"},"content":{"rendered":"\n<p>On 8 January 2026, Glencore (LSE: GLEN) and Rio Tinto (LSE: RIO) announced that they had started talks with a view to a possible merger. If the merger is successful, it will lead to the world&#8217;s largest mining company.<\/p>\n\n\n\n<p>On the day of the announcement, Rio Tinto and Glencore had a market cap of USD 142 million and USD 65 million, respectively. Thus, the combined entity a combined market value of about USD 207 billion based on the stock prices on that day.<\/p>\n\n\n\n<p>BHP is currently the largest mining company with a market cap of over USD 160 million. However, Zijin Mining from China and Southern Copper from the USA have surpassed Rio Tinto as gold and copper rose substantially over 2025.<\/p>\n\n\n\n<figure class=\"wp-block-table aligncenter is-style-stripes\" style=\"font-size:12px\"><table class=\"has-fixed-layout\"><thead><tr><th>Rank<\/th><th>Company<\/th><th>Market Cap <br>B USD<\/th><th>Primary Business<\/th><th>HQ<\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>BHP<\/td><td>162<\/td><td>Iron, Copper, Coal<\/td><td>Australia<\/td><\/tr><tr><td>2<\/td><td>Zijin Mining<\/td><td>146<\/td><td>Gold, Copper, Zinc<\/td><td>China<\/td><\/tr><tr><td>3<\/td><td>Southern Copper<\/td><td>144<\/td><td>Copper, Silver, Zinc<\/td><td>USA<\/td><\/tr><tr><td>4<\/td><td>Rio Tinto<\/td><td>135<\/td><td>Iron, Aluminum, Copper<\/td><td>UK<\/td><\/tr><tr><td>5<\/td><td>Newmont<\/td><td>124<\/td><td>Gold, Copper<\/td><td>USA<\/td><\/tr><tr><td>6<\/td><td>Shenhua Energy<\/td><td>119<\/td><td>Coal, Power Generation<\/td><td>China<\/td><\/tr><tr><td>7<\/td><td>Agnico Eagle Mines<\/td><td>98<\/td><td>Gold<\/td><td>Canada<\/td><\/tr><tr><td>8<\/td><td>Freeport &#8211; McMoRan<\/td><td>84<\/td><td>Copper, Gold<\/td><td>USA<\/td><\/tr><tr><td>9<\/td><td>Barrrick<\/td><td>83<\/td><td>Gold, Copper<\/td><td>Canada<\/td><\/tr><tr><td>10<\/td><td>Grupo Mexico<\/td><td>82<\/td><td>Copper, Silver, Zinc<\/td><td>Mexico<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Largest Mining Companies by Market Cap (January 2026)<\/figcaption><\/figure>\n\n\n\n<p>The merger would involve Rio Tinto undertaking an all-share buyout of Glencore. No details about the takeover premium of the new company structure were given as the talks are still at a preliminary stage. Under UK regulations, Rio Tinto has up to 5 February 2026 to make a formal offer for Glencore.<\/p>\n\n\n\n<p>Rio Tinto&#8217;s business is mostly in iron ore. But the proposed merger would refocus the business on copper to take advantage of the copper boom, thanks to the buildout of <a href=\"https:\/\/gbc1.net\/index.php\/tag\/ai\/\">#AI<\/a> data centers and <a href=\"https:\/\/gbc1.net\/index.php\/tag\/ev\/\">#EV<\/a> manufacturing. On the other hand, demand for iron and steel has cooled down as the real estate market in China has undergone a bubble burst.<\/p>\n\n\n\n<p>According to industry analysts, it was known that the two companies restarted talks of a possible merger at the end of 2025, after similar talks stalled in 2024. Glencore originatedas a trading company and is very opportunistic and results-focused. Rio Tinto has a long history in mining and is seen as a slow behemoth. Thus, the merger could be a synergistic complement, or it could turn out to be a corporate cultural shock.<\/p>\n\n\n\n<p>The reactions of the stock markets appear to be in favor of the company being taken over. In the US, Glencore&#8217;s shares rose by 6%, whereas in Australia, Rio Tinto&#8217;s shares dropped by 6.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 8 January 2026, Glencore (LSE: GLEN) and Rio Tinto (LSE: RIO) announced that they had started talks with a<\/p>\n","protected":false},"author":1,"featured_media":30770,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[4],"tags":[75,49],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - 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