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Rio Tinto Limited ( (AU:RIO) ) has issued an announcement.
Rio Tinto has confirmed that it is in preliminary discussions with Glencore over a potential combination of some or all of their businesses, which could involve an all-share merger implemented via a Court-sanctioned scheme of arrangement resulting in Rio Tinto acquiring Glencore. While the talks could reshape the global mining landscape and materially expand Rio Tinto’s portfolio and scale, the company stressed there is no certainty an offer will be made or what its terms might be, and it has until 5 February 2026 to announce a firm intention to bid or walk away under UK takeover rules, with further updates to be provided as appropriate.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$140.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
More about Rio Tinto Limited
Rio Tinto is a global mining and metals group dual-listed in the UK and Australia, producing iron ore, aluminium, copper and other minerals for industrial and infrastructure markets worldwide. The company operates large-scale assets across multiple continents and is a key supplier to steelmakers and manufacturers, with a significant presence in bulk commodities and base metals that positions it as a major player in the resources sector.
Average Trading Volume: 1,192,081
Technical Sentiment Signal: Buy
Current Market Cap: A$214.8B
Find detailed analytics on RIO stock on TipRanks’ Stock Analysis page.