- Currently, Rio Tinto and Glencore are in preliminary merger talks that, according to information from Reuters and Bloomberg, could create a company with a market capitalization exceeding $200 billion.
According to Reuters, both companies have confirmed that they are discussing a deal in which Rio Tinto may acquire a "partial or full" stake in Glencore. The structure of the deal is expected to include a stock exchange. If the negotiations are successful, the combined company will become the largest in the world by market capitalization, surpassing BHP. However, in light of this news, Rio Tinto's shares in Australia fell by 6.4%.
As Bloomberg reports, the discussions are taking place more than a year after previous attempts at merging were unsuccessful. The company noted that it is considering the possibility of merging both parts and the entirety of the business, including acquisition through stock exchange. Meanwhile, on the American market, Glencore's depositary receipts jumped by 8.8%, while Rio Tinto's shares in Sydney fell by 6.6%.
Both news organizations emphasize that global mining companies are seeking to increase their metal reserves, including copper, amid expected demand growth related to the transition to new energy sources and the development of artificial intelligence technologies. Additionally, Bloomberg reports that Glencore and Rio Tinto have significant assets in the copper industry, and a potential merger could create a new player capable of competing with BHP.
Bloomberg's materials also mention that the discussion of the deal raises questions about the composition of the assets that may be included in the merger: Glencore is one of the leading coal producers, while Rio Tinto has previously exited the coal business. Furthermore, according to British takeover rules, Rio Tinto has until February 5 to confirm its intentions regarding the deal or withdraw from it for a period of up to six months.
- In 2025, Tesla, under the leadership of Elon Musk, lost its position as the leader in the global electric vehicle market for the first time. Now, the top spot is held by the Chinese company BYD, as...
Today, the price of Bitcoin reached $90,000, but soon retreated to $87,000, as reported by Forbes.ru. The cryptocurrency was unable to sustain the "Santa Claus rally" that started in the...
According to information provided by Bloomberg, Russia's oil export revenues have fallen to their lowest level since February 2022. Last week, the revenue was around $959 million, which is $500...
The new authorities intend to focus efforts on oil production After the overthrow of Nicolás Maduro, Marco Rubio, who heads the U.S. State Department, will play a key role in managing Venezuela....
According to Forbes, Elon Musk has become the first person whose net worth has exceeded $600 billion. This occurred after news of his startup SpaceX potentially going public with a valuation of $800...
Reliance Industries The largest oil refiner in India, Reliance Industries Ltd., has resumed purchases of Russian oil for its plant in the state of Gujarat, Bloomberg reports citing sources. The...
According to Bloomberg sources, after the overthrow of President Nicolás Maduro, U.S. Secretary of State Marco Rubio will take a key role in managing Venezuela. This information was provided by an...
According to information obtained from CNBC, the Chinese automotive company BYD is expected to become the world's leader in electric vehicle sales by the end of 2025 for the first time in its...
In recent years, the exchange rate of the Kyrgyz som has demonstrated relative stability. Although there are minor fluctuations, their impact on the economic situation in the country is minimal....
In Caracas, the capital of Venezuela, sounds of gunfire were reported in several districts, according to Bloomberg, citing eyewitnesses. According to media reports, a strike was launched on the port...
According to the draft resolution, which is available for discussion, the Rehabilitation Center will be integrated into the structure of the Republican Institution for Prosthetic and Orthopedic...
Nvidia, known as the most valuable company in the world, has purchased shares of Intel worth five billion dollars, reports Lenta.ru citing CNBC. It is worth noting that back in September, Nvidia...
In his address on the occasion of the arrival of 2026, António Guterres urged world leaders to "rethink priorities" and invest in development rather than destruction. According to the UN...
In 2025, Kyrgyzstan became a notable focus for international media, establishing itself as an important player in Central Asia. Foreign journalists covered many aspects of life in the country—from...
The Cabinet of Ministers of Kyrgyzstan is focused on integrating digital technologies into the work of state and municipal institutions as part of its National Program until 2030. According to the...
According to the information provided, the deal scheduled for January 22 will conclude years of efforts by the U.S. government to force ByteDance to divest its assets in the country due to national...
In November, the profits of Chinese industrial companies fell at a record pace, marking the largest decline in over a year. This occurred against the backdrop of weak domestic demand, which...
The Investigative Department of the Ministry of Internal Affairs has initiated a criminal case regarding the embezzlement or misappropriation of entrusted property. According to information from the...
The company "Gazprom" plans to increase gas supplies to Kyrgyzstan by 20% by 2025. This was announced by Alexey Miller, the head of the Russian company, during a meeting dedicated to the...
In his speech, he emphasized that the president had previously raised issues related to violence and traffic accidents. Momunaliev believes that a ban on the sale of vodka could be one of the...
Benjamin Netanyahu, the Prime Minister of Israel, has made a visit to Florida, where a meeting with U.S. President Donald Trump is scheduled to take place at the Mar-a-Lago residence. This event...
On Tuesday, the Capital Market Authority of Saudi Arabia (CMA) announced its decision to open its capital market to all foreign investors starting February 1, 2026. This became possible due to...
In its new analysis, QCP Capital points out that Bitcoin and Ethereum have finally broken out of the long-term sideways trend that lasted for most of December. This comes against the backdrop of...
Volodymyr Zelensky, the President of Ukraine, emphasized the importance of "red lines" for Kyiv in the context of future peace negotiations to end the conflict with Russia, as reported by...
Currently, Kyrgyzstan is experiencing significant import substitution in the milling industry. In 2019, imported flour accounted for 85% of the total market volume, while today domestic producers...
Today, December 25, the opening of the coal pit "Sulyukta 11" took place in the Batken region, reports Turmush correspondent. This enterprise was opened as a result of an agreement between...
Nicolas Maduro in court. Reuters. On January 5, a court hearing took place in New York, where Nicolas Maduro and his wife Cilia Flores, detained by American forces during a military operation,...
The Phantom MK-1 robot, which was recently unveiled, is currently generating a lot of discussion. Foundation's production plans have become more ambitious since our last report: whereas the...
The National Bank of the Kyrgyz Republic (NB KR) has adopted a new resolution regarding the licensing and regulation of the activities of the Open Joint Stock Company "Financial Company of...
Recent changes in the regulations concerning the activities of the state enterprise "Issyk-Kul" have been approved by the Cabinet of Ministers. This company is now the sole managing...
According to Reuters, the rise in gold prices is influenced not only by the geopolitical tension caused by the arrest of the Venezuelan president but also by expectations of interest rate cuts from...
A new issue of the magazine "Ratings of 500 Companies in Kyrgyzstan" will be released soon! Previously, Tazabek published the rankings of the "TOP-1000 Largest Taxpayers in...
The President announced information about housing prices in the market At the IV People's Kurultai held in Bishkek at the end of 2025, delegates discussed the issue of housing costs being built...
U.S. President Donald Trump announced that he intends to have a conversation with Russian President Vladimir Putin in the near future and expressed confidence that the negotiations will go well. As...
According to an official statement from the U.S. Department of Energy, the country has begun exporting Venezuelan oil to international markets. This is reported by Bloomberg. In the government's...
A BBC investigation has revealed that Andrew Mountbatten-Windsor received significant sums from an oligarch using funds from a company linked to criminal corruption. According to lawyers for Kazakh...
Photo by Financial Times The annual forecast for 2026 was presented by the Financial Times, covering important aspects of politics, economics, and technology....
Delcy Rodriguez, the acting president of Venezuela. Photo by Ariana Cubillos / AP Photo / dpa / picture alliance. Delcy Rodriguez, who previously served as vice president under Nicolas Maduro, took...
The situation in Venezuela has escalated amid news of a possible military operation by the U.S., which may include strikes on the country's territory and the detention of President Nicolás...
The smog situation in Bishkek is one of the most pressing problems, especially during the winter period. In mid-December, the wind helped improve air quality in the capital. Factors Contributing to...
In recent days, mass protests have been observed in Iran, triggered by a sharp rise in prices and the devaluation of the national currency. According to human rights organizations and local media, at...
Starting from January 1 of next year, the extension of the temporary ban on the export of gasoline, diesel fuel, and other petroleum products will come into effect, as reported by the published...
Cultural changes are no longer confined to the realm of abstraction. They directly influence corporate decisions and alter market mechanisms. A single popular image on the internet can significantly...
Abdominal bloating, often occurring after New Year's feasts due to excessive eating, can be a sign of serious illnesses. This is reported by RIA Novosti, citing information from The Sun....
In 2025, the assets of the 500 richest people in the world increased by a record $2.2 trillion, marking a significant achievement. The main factors contributing to this growth include the rise of...
