Explore the latest developments concerning Live: Mega mining.
Live: Mega mining company back on cards as Glencore confirms Rio Tinto talks
Glencore has confirmed media speculation that the company is back in merger talks with Rio Tinto.
Meanwhile, the ASX 200 is heading into Friday after choppy trade on Wall Street overnight.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Not surprised by the EV pullback. Most people that want one have one, and given the horrendous resale values, most who bought won't be upgrading too often you'd imagine.
Well it looks like Aussie investors aren't loving the terms of this merger deal talk between Rio Tinto and Glencore.
Rio Tinto, which is dual listed on the ASX, has just opened around 5% lower in very early trade.
Rio Tinto, Glencore in merger talks to create global powerhouse
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Rio Tinto and Glencore say they are in discussions to merge in a move that would create one of the world’s largest mining companies and a copper production powerhouse in a major shake-up of the resources sector.
The London-listed Glencore said it was 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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Glencore and Rio Tinto resume talks on $260bn mining megadeal
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