Are Rio Tinto and Glencore merger talks still happening?

Yes, negotiations for a potential merger between Rio Tinto and Glencore were ongoing as of February 5, 2026, although significant disagreements remained.

What is the main issue blocking the Rio Tinto and Glencore merger?

The primary obstacles are substantial differences in company valuation and governance structures between Rio Tinto and Glencore.

When was the deadline for Rio Tinto and Glencore to announce a firm offer?

The deadline for a firm offer announcement was February 5, 2026, though talks were expected to continue beyond this date.

Home / Business and Economy / Valuation Gap Threatens Mining Mega-Deal

Valuation Gap Threatens Mining Mega-Deal

5 Feb

•

Summary

Merger talks between Rio Tinto and Glencore are ongoing.
Companies remain significantly apart on valuation and governance.
The deadline for a firm offer announcement is approaching.

Valuation Gap Threatens Mining Mega-Deal

Early-stage merger discussions between mining powerhouses Rio Tinto and Glencore are encountering substantial disagreements.

The core of the impasse lies in significant differences regarding company valuation and governance structures. These issues are raising serious doubts about whether a resolution is achievable before critical deadlines.

The deadline for a formal offer announcement under UK takeover rules is February 5, 2026. Talks, which commenced in early January 2026, are anticipated to extend beyond this date, with parties potentially seeking an extension.