Glencore's share price rises as Rio Tinto and Glencore merge to create the world's largest miner
Glencore shares increased by almost 10% after news that it was in talks with Rio Tinto regarding a possible takeover. This would create the largest mining group in the world, valued at nearly $207 billion.
London Stocks Rise as Glencore Jumps on Rio Merger Talks
London shares edged up on Friday after two sessions of losses. Glencore gave a boost amid initial talks of a possible merger with Rio Tinto. This could?potentially create a world's biggest mining company.
Glencore's share price rises as Rio Tinto and Glencore merge to create the world's largest miner
Glencore shares jumped almost?9% Friday after news that it was in talks with Rio Tinto over a 'potential takeover, which would create the largest mining group in the world valued at nearly $207 billion.
European stocks reach record highs as Glencore leaps on Rio Tinto's interest
European shares reached a record high on Friday, boosted by an 8.3% increase in Glencore. This put the 'STOXX 600 index on course for its longest winning streak since last May.
European stocks gain as Glencore boosts STOXX600
European shares opened higher on Friday, helped by an 8% increase in Glencore. This put the STOXX 600 at its highest weekly winning streak since may. Gains reversed two sessions…
Mega-deals in mining that created global giants
The companies have confirmed that they are in the early stages of talks with each other to purchase Glencore. This could result in the creation of the world's biggest mining company, valued at nearly $207 billion.
Glencore has said that it is already in talks with Rio Tinto to acquire the company
Glencore announced on Thursday that it is in the early stages of talks to be acquired by Rio Tinto, in a combination that could create 'the world's largest mining firm. Financial…
Australian shares continue to fall on the back of the mining slump, Woodside falls on CEO's surprise departure
The Australian share market was set to record a fourth consecutive day of losses, led by the miners. Meanwhile, energy stocks fell as Woodside Energy dropped after it announced its departure.
Australia announces rescue bid for Rio Tinto Tomago Aluminium Smelter
The Prime Minister Anthony Albanese, announced on Friday that a "rescue" effort would be launched to keep Australia's biggest aluminium smelter open, the struggling Tomago plant…
Miners benefit from financials that drag down the UK's FTSE100
The UK's FTSE 100 dipped on Wednesday, as financials shares declined. This was offset by gains in energy and mining stocks ahead of next week's U.S. Federal Reserve interest rate decision.
Brazil's Vale anticipates an increase in iron ore production of up to 3% by 2026
The Brazilian miner Vale announced on Tuesday that it expects iron ore output to increase by up to 3 percent in 2026. It also confirmed it will meet its upper-end 2025 target.
Australian shares are on the rise as sectoral strength offsets the banking slump
Australian shares traded within a narrow range Wednesday as investors held back their risk appetite due to waning expectations for additional monetary policy ease. S&P/ASX 200 index remained at 8…
Rio Tinto signs a 15-year renewable energy deal with U.S. based TerraGen
Rio Tinto announced on Friday that its Kennecott operation, located in Utah, U.S.A., had signed a virtual power purchase agreement for 15 years with TerraGen, to source renewable…
Australian shares increase as resources improve, ANZ rebounds
Australian shares rose on Monday. Resources stocks gained due to higher underlying prices, and the lender ANZ Group recovered from its early losses despite reporting a decline in annual cash profits.
Rio Tinto warns of an uncertain future for Australia's largest aluminum smelter
Rio Tinto warned that Australia's biggest aluminium smelter Tomago may have to close down if it cannot source power at rates commercially viable beyond 2028, when its current electricity deal expires.
Australian shares rise as miners and financials gain on the easing of US-China trade tensions
Australian shares rose Monday as signs of easing U.S. China trade tensions boosted risk sentiment worldwide. However, investors' caution before key domestic inflation data which…
Trump reverses Biden's rules on copper smelters
The U.S. president Donald Trump reversed on Friday a Biden-era rule on air pollution that had set stricter limits for emissions from copper smelters. Under updated federal air standards…
SNB divests from extractive industries with new divestment.
Swiss National Bank sold its stake in Anglo Australian miner Rio Tinto, adding to a recent series of divestments by companies in the extractive industries. LSEG data show. Unsere…
Woodside rallies to cap losses; miners and tech drag Australian shares down
Australian shares dropped for the second session in a row on Thursday. Mining and tech stocks were to blame, but losses were mitigated by Woodside Energy's surge following new investment in Louisiana LNG.
Australian shares rise as gold and banks shine ahead of RBA's decision
Australian shares rose Monday, boosted by bank and gold stocks. This was ahead of the central bank's policy meeting scheduled for later this week. The markets expect the bank to maintain rates.