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

Deal would create world’s largest mining company and come almost a year after previous discussions failed

• Nils Pratley: Glencore and Rio Tinto are at it again – and the markets smell action

Rio Tinto and Glencore have restarted talks over a merger that would create the world’s largest mining company.

The talks come almost a year after previous discussions between the two mining companies collapsed. If a deal is agreed, it would create a global mining business with an enterprise value of more than $260bn (£193bn).