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2026-01-09 18:31:29
[Strategic Shift Emerges in Mining Mergers and Acquisitions: Rio Tinto May Fully Acquire Glencore, Coal Assets Remain a Focus] ⑴ According to sources, Rio Tinto is open to retaining Glencore's vast coal business in merger negotiations, a move that could mark a significant strategic shift. ⑵ Rio Tinto agreed to sell its last remaining coal mines in 2018, while Glencore, one of the world's largest coal producers, has continued to invest in the coal sector even as other mining peers withdrew due to investor pressure. ⑶ Both parties have confirmed discussions on a potential merger of some or all of their businesses, the latest development in the current wave of mining mergers and acquisitions, driven by top producers seeking to expand their copper operations. ⑷ Glencore possesses highly attractive large copper assets, but its massive coal business has long been considered a major obstacle for potential buyers, affecting its overall valuation and transaction viability. ⑸ The structure and scope of any deal are still under discussion, but one core scenario is Rio Tinto's full acquisition of Glencore, including its coal assets. If successful, this would reshape the global mining landscape and trigger a reassessment of the value of traditional assets in the context of the energy transition.
