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Rio Tinto Eyes Glencore Merger, World's Biggest Miner?

Rio Tintos shares plummet as talks of acquiring Glencore in an all-share deal emerge, potentially making it the worlds largest miner. The Anglo-Swiss company, with a market value of $97.8 billion AUD, is a significant copper and coal producer. The deal, if successful, could be driven by surging copper demand and could impact over 10,000 employees. Rio Tinto has until February 5th to make a firm offer or withdraw. This potential merger reflects the urgency of miners to scale up amid rising commodity demands.

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