{"id":23964,"date":"2026-02-19T10:39:59","date_gmt":"2026-02-19T08:39:59","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rio-tintos-australian-investors-applaud-end-to-glencore-takeover-talks\/"},"modified":"2026-02-27T16:34:42","modified_gmt":"2026-02-27T14:34:42","slug":"rio-tintos-australian-investors-applaud-end-to-glencore-takeover-talks","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rio-tintos-australian-investors-applaud-end-to-glencore-takeover-talks\/","title":{"rendered":"Rio Tinto&#8217;s Australian investors applaud end to Glencore takeover talks"},"content":{"rendered":"<p>The world&#8217;s largest iron ore producer, which recently walked away from merger talks with Glencore posted underlying earnings of $10.87 billion for the year to December 31, unchanged from a year earlier and below the Visible Alpha consensus of $11.03 billion.<\/p>\n<p>&nbsp;<\/p>\n<p>The miner also declared a final dividend of 254 United States (US) cents per share, implying a payout ratio of 60% of underlying earnings, up from 225 US cents in 2024.<\/p>\n<p>&nbsp;<\/p>\n<p>Rio&#8217;s London shares were down 3.4% slightly underperforming peers. The results highlight miners&#8217; increasing focus on copper as demand grows, driven by the expansion of power-hungry AI data centres and the shift toward cleaner energy.<\/p>\n<p>&nbsp;<\/p>\n<p>That strategic pivot has fuelled a wave of deal-making across the sector as companies try to secure long-life copper resources.<\/p>\n<p>Rio&#8217;s talks with Glencore collapsed in February after the companies failed to agree on valuation and ownership terms, ending discussions that would have created the world&#8217;s largest listed mining company and significantly boosted copper exposure.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":22192,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-23964","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Rio Tinto has reported flat annual earnings that missed expectations as its mainstay iron ore business suffered from lower prices, though this was offset by a strong performance from its copper division","published_date":"2026-02-19 00:00:00","news_description":"Rio Tinto has reported flat annual earnings that missed expectations as its mainstay iron ore business suffered from lower prices, though this was offset by a strong performance from its copper division","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23964\/revisions"}],"predecessor-version":[{"id":26783,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23964\/revisions\/26783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/22192"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23964"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}