Mining firms Rio Tinto and Glencore restart $260bn merger talks

I'm low-key surprised they're reviving these merger talks again . I mean, wouldn't this just be a big concentration of wealth for even fewer people? It feels like we're heading back to the days of oligarchs controlling entire industries . On one hand, it could create some efficiencies and drive innovation, but on the other, it just seems like another way to line the pockets of corporate elites .

I'm also worried about what this would mean for sustainability . If Rio Tinto ends up keeping Glencore's coal business, that's a huge step backwards in terms of reducing carbon emissions and promoting clean energy. We need more companies pushing for sustainable practices, not consolidating power behind old-school industries .

And can we talk about the price of copper being at an all-time high? That just means big corporations are making bank off the back of our economic struggles . It's like they're profiting from our desperation .

this whole mining merger thing got me thinking - $260 billion is CRAZY! if it goes through, rio tinto will be the largest mining company in the world which sounds pretty intimidating. but at the same time, it could be good for the industry as a whole if they can figure out how to make it sustainable. i mean, copper prices are through the roof right now and it's only going to get worse before it gets better. maybe this merger is exactly what we need to take our eyes off the price volatility. but at what cost? glencore's coal business is still a major point of contention - hope they can figure out how to make it work for everyone involved

Ugh, can you believe the sheer scale of this deal? Like, two of the biggest players in mining just merging into one giant entity that's gonna be a total behemoth . It's crazy to think about how much control they'll have over the global supply chain, and it raises all these questions about sustainability and environmental impact. I mean, Rio Tinto's already had some issues with their coal business, and now they're supposedly open to keeping it? That just seems like a PR move to me.

And let's not forget about the economics of it all - $260 billion is a crazy amount of money . But at what cost? I'm worried that this deal is gonna push out smaller companies and innovation in the industry, because they just can't compete with that kind of scale . And then there's the copper prices... yeah, they're through the roof right now , but will this deal really help or hinder supply?

I guess what I'm trying to say is that while a combined Rio Tinto and Glencore might seem like a good idea on paper, we gotta be careful about the implications. It's one of those things where you can see both sides of it, but ultimately, I think we're just gonna have to wait and see how it all plays out .

I'm seeing this merger talk again, and honestly, I think it's gonna happen . Both Rio Tinto and Glencore have been struggling with low copper prices & the deal would be a no-brainer for them to make . But what really has me thinking is if they decide to keep Glencore's coal ops... that'd be a major shake-up in their sustainability strategy . I mean, copper prices are through the roof right now and it's not looking like that'll slow down anytime soon . If these two companies can make this work, we might just see a massive shift in the mining industry .