When Glencore Plc proposed a combination with Rio Tinto Group a decade ago, the larger company turned it down after just a few days. News this week that the two spent several months in negotiations in the second half of last year shows how the sands have shifted,

More consolidation is needed, he told a private conference hosted by Goldman Sachs at LME Week. As it happened, Jakob Stausholm, the boss of rival mining company Rio Tinto, was also speaking at the event. Around the same time, Glencore and Rio held tentative talks about combining part or all of their business to create a $160bn mining behemoth.

Rio Tinto Group and Glencore Plc have held early stage talks about combining their businesses to create a behemoth to rival longstanding industry titan BHP Group.Most Read from BloombergThese Homes Withstood the LA Fires.

Rio Tinto Group y Glencore Plc han estado discutiendo la posibilidad de combinar sus negocios, según personas familiarizadas con el asunto, en lo que podría resultar en el mayor acuerdo de la historia de la industria.

The financial rumour mill is abuzz about a potential mega merger for Rio Tinto. The post How Rio Tinto shares could eclipse BHP in 2025, with a little help from Glencore appeared first on The Motley Fool Australia.

An industry-shifting movement in the global mining space could happen as (LON: RIO) and Glencore (LON: GLEN) have reportedly entered discussions to potentially combine their operations.

Rio Tinto Group shares fell as much as 1.8% in Sydney after Bloomberg News earlier reported the world’s second-biggest miner held early-stage talks with Glencore Plc about a deal. The stock was trading 1.

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Rio Tinto and Glencore have held early-stage talks about combining their businesses, Bloomberg News reported on Thursday, citing people familiar with the matter. The potential merger between the two mining heavyweights,