Glencore and Rio Tinto have restarted talks over a potential megamerger to create the world’s largest mining company, nearly a year after previous deal discussions between the global miners collapsed.

Glencore Plc confirmed it held preliminary discussions with Rio Tinto Group on a possible combination of some of their businesses, including an all-share merger that would create the world’s biggest mining company.

Glencore and Rio Tinto restarted discussions about a possible merger that could create the world’s largest mining company.

Swiss resources giant Glencore said Friday it is in merger talks with British-Australian rival Rio Tinto, potentially creating the world's biggest mining group.

Rio Tinto , is in early talks to buy Glencore , the companies said, in what could create the world's largest mining company with a combined market value of nearly $207 billion.

Glencore on Thursday said that it's in "preliminary discussions" to be acquired by Rio Tinto, in what could create the world's largest mining company. Why it matters: This could have a major impact on the market for critical metals,

Rio Tinto is in early talks for a possible acquisition of Glencore , the companies said late on Thursday, in what could create the world's largest mining company with a combined market value of nearly $207 billion.