Rio Tinto to acquire Mitsubishi's 11.65% stake in Boyne aluminium smelter
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%).
North American lithium producer Sayona Mining Limited ("Sayona") is pleased to announce that Mr. Lucas Dow has been appointed to the role of Managing Director and Chief Executive Officer (MD & CEO) effective 3 July 2024. Lucas first joined...
Oceanic Iron Ore Corp. ("Oceanic", or the "Company") is pleased to announce that it has elected to settle an aggregate of $92,651 in accrued interest due under the Company's previously issued Replacement Series A Convertible Debentures, Replacement...
Island Passage Development Canada Limited (IPDC or the "Company") announces the commencement of Phase Two of its mineral exploration program on the EL02 exploration license on Bougainville. Operations are conducted through its PNG subsidiary, Island...
Barton Gold Holdings LimitedHIGHLIGHTSTarcoola JORC (2012) Mineral Resources increased to ~20koz @ ~2 g/t Au at PerseveranceResources within 60 - 80 metres of open pit floor, with potential depth / strike extensionsFig 1 - Plan view showing...
Diamcor Mining Inc. (FRA:DC3A), ("Diamcor" or the "Company"), (the "Company") announces that it has closed a second and final tranche of CND$600,300.00 of its previously announced non-brokered private placement (the...
