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AAP
AAP
Derek Rose

EXPLAINED: Rio tinto in preliminary talks to merge with glencore | Vintage Vibes

A $300 billion mega-merger is on the cards with talks between mining giants Rio Tinto and Glencore. (Paul Braven/AAP PHOTOS)

Rio Tinto shares have slipped to a three-week low amid blockbuster talks of a mega-merger that would displace BHP as the world's biggest miner.

Rio Tinto shares finished down 6.3 per cent to $143.06 after the mining giant confirmed the talks to acquire Glencore in an all-share transaction.

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