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

WealthCoffee · 2026-04-08T09:41:49+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

2026-04-08 09:41:49

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**　　【Caixin】** During the China Development High-Level Forum 2026 conference, Simon Trott, CEO (CEO) of Rio Tinto (NYSE: RIO), the world’s second-largest metals mining company, gave interviews with media outlets including Caixin in China. He responded to issues of market concern, including the development cooperation for the Simandou “super iron ore” in West African Guinea, as well as the century-scale grand merger with Glencore (LSE: GLEN).

Trott said that Simandou is one of the largest mining projects in history. The project’s development has set up a unique international consortium made up of Chinese enterprises, Rio Tinto, the Guinea government, and others. The consortium and the way it was formed can be said to be a global model of cooperation. “In today’s world, it’s not possible to do it alone. We need to cooperate and jointly develop the projects the world needs,” he said.

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