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

WealthCoffee · 2026-03-30T08:19:41+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

2026-03-30 08:19:41

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**　　【Caixin】** During an interview with Caixin and other media at the 2026 China Development Forum, Simon Trott, CEO of Rio Tinto (NYSE: RIO), the world’s second-largest metal mining company, responded to market concerns regarding the development cooperation of the “super iron ore” Simandou in Guinea, West Africa, as well as the landmark merger with Glencore (LSE: GLEN).

Trott introduced that Simandou is one of the largest mining projects in history, and the project development has established a unique international consortium composed of Chinese enterprises, Rio Tinto, and the Guinean government. This consortium and its formation can be considered a model of global cooperation. “In today’s world, relying solely on oneself is not feasible; we need cooperation to jointly develop the projects that the world needs,” he said.

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