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The mining industry is on edge after reports surfaced of potential merger discussions between Rio Tinto and Glencore, two of the sector's most prominent players. Bloomberg News reported that the companies held preliminary talks regarding a tie-up, though the current status of these discussions is unclear.

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto welcomes the Australian Government's announcement of an aluminium production credit to help sustain and grow aluminium smelting in Australia, and significantly advance both regional communities and the nation's manufacturing capabilities. The production credit, announced today as part of the Future Made in Australia Plan, puts Australia on a path to becoming a leader in green metals manufacturing, while supporting a continued strong economic futu.

Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters.

A deal aimed at capturing a bigger slice of the metals market, the proposed $160 billion merger of Rio Tinto and Glencore, appears doomed to fail, just as last year's $50 billion attempt by BHP to acquire Anglo American also failed.

Glencore approached Rio Tinto , late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Rio Tinto RIO reported iron ore shipments (on a 100% basis) of 86.5 million tons (Mt) for the fourth quarter of 2024, which declined 1% year over year. This takes RIO's yearly total to 328 Mt, down 1% year over year, but within its guidance of 323-338 Mt.

Mining giants Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Glencore PLC (LSE:GLEN) have reportedly engaged in preliminary discussions about a potential merger, Bloomberg reported on Thursday, citing sources familiar with the matter. The talks, which remain in the early stages, could pave the way for the mining industry's largest-ever deal, reshaping the global landscape.

Rio Tinto and Glencore Plc GLEN.L have been discussing combining their businesses, Bloomberg News reported on Thursday, citing people familiar with the matter.

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “Our operating performance in 2024 was good, consistent with our ongoing commitment to strengthen the business as we execute our strategy to deliver profitable growth. The implementation of our Safe Production System has again contributed to greater consistency across key operations, including our iron ore assets in the Pilbara and our bauxite operations in Australia, where Amrun and Gove achieved record annu.