Rio Tinto CEO: Merging with Glencore is not valuable; Simandou development requires collaboration

WealthCoffee · 2026-04-05T09:19:22+00:00

CEO Jorde of Rio Tinto Group was interviewed at the China Development High-Level Forum. Discussing the development cooperation of the Simandou iron ore project, he emphasized the uniqueness of international consortia and the importance of global collaboration. He pointed out that relying on a single force cannot meet global demand.

WealthCoffee

2026-04-05 09:19:22

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**　　【Caixin】** During interviews with Caixin and other media outlets at the 2026 conference of the China Development High-Level Forum, Simon Trott (CEO) of Rio Tinto, the world’s second-largest metals mining company (Rio Tinto, NYSE: RIO), addressed topics of market concern, including cooperation on the “super iron ore” Simandou in Guinea in West Africa (Simandou) and a once-in-a-century mega-merger with Glencore (LSE: GLEN).

Trott said that Simandou is one of the largest mining projects in history, and that the project’s development and setup have created a unique international consortium made up of Chinese companies, Rio Tinto, and the Government of Guinea, among others—an approach and mode of formation that can be seen as a global benchmark for cooperation. “In today’s world, it’s not possible to do it alone. We need to cooperate and jointly develop the projects that the world needs.” he said.

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