Glencore approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said.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

A deal aimed at capturing a bigger slice of the metals market, the proposed $160 billion merger of Rio Tinto a Glencore appears doomed to fail

"Rio Tinto and Glencore merger talks end without agreement" was originally created and published by Mining Technology, a GlobalData owned brand.

Glencore approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said.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

Fitch Solutions company CreditSights says a rumoured merger between major diversified miners Rio Tinto and Glencore could result in a $126-billion company. However, the rumoured merger raises questions about strategic alignment and corporate culture owing to Rio Tinto’s lack of interest in coal assets and Rio Rinto being considered as a conservative and stable company,

Rio Tinto is the world’s second-biggest miner, with a market value of about $103bn at the close of trading in London on Thursday, while Glencore was valued at about $55bn.

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Shares in Glencore and Rio Tinto were rising on Friday on the back of reports that the two companies have been discussing a potential merger.

Two of the world's biggest diggers held talks about creating the world's biggest miner, according to media reports.

Rio Tinto Group y Glencore Plc han estado discutiendo la posibilidad de combinar sus negocios, según personas familiarizadas con el asunto, en lo que podría resultar en el mayor acuerdo de la historia de la industria.