Drill and Deal

Deals / Rio Tinto – Glencore

Diversified · announced 8 January 2026 · withdrawn

Rio Tinto – Glencore

Talks ended at the UK deadline on 5 February 2026 over valuation and who would chair and run the group.

Acquirer
Rio Tinto
Target
Glencore
Announced
Metal
Diversified
Announced value
talks only, no offer
Structure
Proposed all-share scheme, abandoned
Status
Withdrawn