Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter
(Posted on 14/06/24)
Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia.
On completion of this transaction, and the recent agreement to acquire Sumitomo Chemical Company’s 2.46% interest in BSL, Rio Tinto’s interest in BSL will increase to 73.5%.
The acquisition, which is for an undisclosed price, is subject to various conditions precedent, including approval from Australia’s Foreign Investment Review Board, and is expected to be finalised in the second half of 2024.
Rio Tinto looks forward to continuing to work with its remaining BSL joint venture partners and other stakeholders on securing a competitive low-carbon future for its Gladstone operations.
After completion of the two transactions, the BSL joint venture partners will be: Rio Tinto (73.5%), YKK Aluminium (9.50%), UACJ Australia (9.29%) and Southern Cross Aluminium (7.71%).
Latest News
Rio Tinto progresses development of Quebec gallium extraction process
(Posted on 17/12/24)As part of a research and development programme, Rio Tinto is assessing the potential for extracting... Read more
Trafigura publishes 2024 Annual Results
(Posted on 17/12/24)Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released results for... Read more
Anglo American completes Serpentina premium iron ore transaction
(Posted on 11/12/24)Anglo American plc has announced the completion of the transaction to combine the Serra da Serpentina... Read more
BHP Group Investor Relations Officer appointed
(Posted on 11/12/24)BHP has appointed Mark Bendall as Group Investor Relations Officer, effective 1 April 2025.Mr Bendall... Read more
Fertilizers Europe welcomes EU Members requests for tariffs on Russian fertilizers
(Posted on 04/12/24)Fertilizers Europe, the voice of the European fertilizer industry, has welcomed and fully supports the... Read more
The Cultured Hub opens its state-of-the-art biotech facility in Switzerland
(Posted on 04/12/24)The Cultured Hub officially opens its doors today, marking a milestone for the global cellular agriculture... Read more
New partnership agreement to study low carbon aluminium project in Finland
(Posted on 04/12/24)Rio Tinto has entered into a partnership agreement with the Swedish investment company Vargas, Mitsubishi... Read more
Italian steel handling specialist Transped boosts efficiency
(Posted on 29/11/24)Transped S.p.A. has ordered a Konecranes Gottwald Generation 6 mobile harbour crane to expand its handling... Read more
Cargill transforms Singapore Innovation Center to meet evolving needs
(Posted on 29/11/24)To advance innovation and further contribute to Asia’s vibrant food ecosystem, Cargill is bolstering... Read more
Cargill surpasses one million enrolled acres in Cargill RegenConnect
(Posted on 20/11/24)Cargill RegenConnect has surpassed one million enrolled acres for the 2025 U.S. planting season, a milestone... Read more
