Rio Tinto Abandons Glencore Talks to Form World’s Biggest Miner

Rio Tinto Group said it’s walking away from talks to acquire Glencore Plc, scuttling a potential mega-merger that could have created the world’s largest mining company after the two sides...

By Aaron Kirchfeld, Thomas Biesheuvel, Dinesh Nair · Bloomberg

Rio Tinto Group said it’s walking away from talks to acquire Glencore Plc, scuttling a potential mega-merger that could have created the world’s largest mining company after the two sides failed to agree on valuation.