Glencore, Rio Tinto resume talks on mining megadeal, FT reports

Glencore (GLNCY) and Rio Tinto (RIO) have restarted talks over a potential megamerger to create the world’s largest mining company, nearly a year after previous deal discussions between the global miners collapsed, Financial Times’ Leslie Hook, Arash Massoudi, Julie Steinberg, and Mercedes Ruehl report. The deal, which was under discussion as recently as this week according to people familiar with the matter, would create a mining behemoth with an enterprise value of more than $260B, at a time when the race for copper is reshaping the sector.