Friday, January 30, 2026 at 3:15 AM
Chinalco and Rio Tinto will acquire a 69% stake in Companhia Brasileira de Aluminio for about $900 million.
A combination could create the world’s largest mining company with a market value of more than $200 billion and the industry’s biggest copper business
A deal would have created the world’s largest mining company, worth more than $200 billion. Glencore shares dropped 7%.
In a $1.8 billion deal, Nike rival Anta will take a stake in another venerable Western brand.
Allied Gold has agreed to be acquired by Hong Kong-based Zijin Gold International in a deal worth 5.5 billion Canadian dollars, or roughly US$4.01 billion.
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