Thursday, February 5, 2026 at 4:57 PM
Rio Tinto has ended merger talks with Glencore, which would have created the world's largest mining firm valued at approximately $260 billion.
Glencore criticized the terms offered by Rio Tinto as undervaluing its assets.
Deal talks between miners Rio Tinto and Glencore came to nothing as differences on price couldn’t be bridged.
Barrick Mining said it will break off its North American gold assets into a separate company as the miner seeks to boost value at a time when prices for the precious metal have soared.
Eldorado Gold agreed to acquire Foran Mining for approximately 3.8 billion Canadian dollars, or US$2.79 billion, including debt.
Devon Energy agreed to buy Coterra Energy in a roughly $21.5 billion all-stock deal that would birth one of the largest U.S. oil-and-gas producers as consolidation continues to reshape the industry.
