Xin Hua Cai Jing·2026-01-09 02:50Core Viewpoint - Rio Tinto and Glencore are in preliminary discussions regarding a potential merger of part or all of their businesses, which may involve an all-stock merger [1] Group 1: Merger Discussions - Rio Tinto has confirmed ongoing discussions with Glencore about a possible merger, with expectations that any transaction would be structured through a court-approved scheme of arrangement [1] - The timeline for Rio Tinto to announce a formal acquisition intention or to confirm the cessation of negotiations is set for February 5 [2] Group 2: Market Reaction and Business Overview - The market reacted cautiously to the merger news, with Rio Tinto's stock price dropping over 5% on the Australian Stock Exchange [3] - Rio Tinto's core assets in Australia are primarily focused on iron ore, particularly in the Pilbara region, while Glencore is the largest coal producer in Australia with significant coal mining assets in New South Wales and Queensland [3] - If the merger is successful, the combined company could have a market value of approximately $300 billion, becoming a major player in the global mining sector and significantly enhancing its influence in key mineral markets [3]