South African executive Gary Nagle in talks to create $260 billion mining giant
Billionaires Africa | 10.01.2026 00:04
South African executive Gary Nagle is in talks to merge Swiss mining and commodity trading giant Glencore Plc with global mining leader Rio Tinto. The planned merger, if finalized, would create a mining company valued at more than $260 billion, one of the largest ever in the sector, reflecting a renewed focus on metals that power the green economy, signaling a period of strategic consolidation in mining that could reshape the sector for years.
