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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Mining firms Rio Tinto and Glencore restart $260bn merger talks

A shipping conveyer at a Rio Tinto bauxite Mine in Australia.
A shipping conveyer at a Rio Tinto bauxite mine in Australia. Photograph: Jono Searle/AAP

Rio Tinto and Glencore have restarted talks over a merger that would create the world’s largest mining company.

The talks come almost a year after previous discussions between the two mining companies collapsed. If a deal is agreed, it would create a global mining business with an enterprise value of more than $260bn (£193bn).

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