Market Chatter: Rio Tinto to Cease Advances on Glencore Amid Reorganization

05:53 AM EDT, 08/04/2026 (MT Newswires) -- Rio Tinto Group (RIO.L) is not planning to revive merger negotiations with commodities giant Glencore (GLEN.L, GLN.JO) as it focuses on streamlining its organization, Reuters reported Tuesday, citing people briefed by top executives. Three unnamed sources said Rio Tinto Chief Executive Officer Simon Trott assured Australian investors that the mining company has no reason to revive discussions for a potential transaction. The statement comes as the deadline for Rio Tinto to finalize its intentions for Glencore expires on Tuesday. Rio Tinto did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)