Rio Tinto plc

RIO

GB0007188757

Diversified Mining

Market Closed - London S.E. Other stock markets 16:35:12 17/06/2025 BST			5-day change	1st Jan Change
4,252.50 ^GBX	-1.17%		-2.51%	-9.96%

06:23am	RIO TINTO : JP Morgan remains its Buy rating	ZD
02:11am	Australia shares flat as escalating Middle East conflict weighs on sentiment	RE

Rio Tinto to own 73.5% of Boyne Smelters Ltd.

Published on 11/06/2024 at 09:00, updated on 11/06/2024 at 09:02

Rio Tinto announces that it has agreed to acquire Mitsubishi Corporation's 11.65% stake in Boyne Smelters Ltd (BSL), owner of the Boyne Island aluminum smelter in Australia.

With this transaction and the recent acquisition of Sumitomo Chemical Company's 2.46% stake, Rio Tinto's shareholding in BSL will reach 73.5%.

This acquisition, the price of which remains confidential, requires the approval of Australia's Foreign Investment Review Board and is expected to be completed in the second half of 2024.

Following these transactions, the partners in the BSL joint venture will be : Rio Tinto (73.5%), YKK Aluminium (9.50%), UACJ Australia (9.29%) and Southern Cross Aluminium (7.71%).

Copyright (c) 2024 CercleFinance.com. All rights reserved.

Go to the original article.
Legal disclaimer

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	RIO TINTO PLC	4,252.50GBX	-1.17%	-2.51%	97.82B
	MITSUBISHI CORPORATION	2,869.00JPY	+0.42%	+0.90%	74.09B

Latest news about Rio Tinto plc

RIO TINTO : JP Morgan remains its Buy rating	06:23am	ZD
Australia shares flat as escalating Middle East conflict weighs on sentiment	02:11am	RE
Australian Shares Flat Amid Geopolitical Concerns; CSL's Hereditary Angioedema Drug Secures US FDA Approval	06-17	MT
Rio Tinto Group Not Growth Stock But 'Attractive Value', Says Argus Research	06-17	MT
Australian Consortium Secures AU$19.8 Million Funding from Renewable Energy Agency for Low-Carbon Steel Project	06-17	MT
Rio Tinto-Led Arizona Copper Project Gets Key U.S. Clearance	06-17	DJ
Rally in Gold, Crude Oil, Copper Offset by Weaker Iron Ore, Metallurgical Coal, Aluminum, Westpac Says	06-17	MT
BHP, Rio Tinto's Proposed Arizona Copper Project Wins US Agriculture Department Environmental Approval	06-17	MT
Western Copper and Gold Extending Technical Collaboration With Rio Tinto	06-16	MT
Western Copper and Gold Brief: Extending Technical Collaboration With Rio Tinto	06-16	MT
Australian Shares Flat as Middle East Tensions Escalate; Accent Posts Lower Like-for-Like Sales for 23 Weeks to June 8	06-13	MT
Rio Tinto to Invest in Ore Sorting Technology Test at Canadian Mine	06-13	MT
Rio Tinto Group Adopts iManage Platform	06-13	MT
Rio Tinto Group to Invest CA$7.6 Million in Ore Sorting Technology Demonstration at Quebec Mine	06-13	MT
Rio Tinto Launches Ore Sorting Demonstration Project At Its Havre-Saint-Pierre Mine	06-12	CI
Rio Tinto Launches Ore Sorting Demonstration Project At Its Havre-Saint-Pierre Mine	06-12	RE
Activist investor Palliser builds stake in UK's WH Smith	06-12	RE
Activist investor Palliser builds stake in UK's WH Smith	06-12	RE
Rio Tinto Selects iManage To Support Legal Transformation Across Global Operations	06-12	RE
Shares of Iron Ore Producers Fall on Weaker Iron Ore Price	06-12	MT
Lower grade Australian iron ore sparks global benchmark change	06-12	RE
Australian shares flat as mining losses counter banks, energy boost	06-12	RE
Exclusive-Chile's Codelco to focus on public-private partnerships to boost finances and production, CFO says	06-11	RE
RIO TINTO : RBC remains Neutral	06-10	ZD
Aura Energy Limited Appoints Philip Mitchell as Executive Chair	06-10	CI

Chart Rio Tinto plc

Duration

Period

RIO: Dynamic Chart

Company Profile

Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows: - iron ore (57.4%): 287.7 Mt produced in 2024; - aluminum, alumina and bauxite (24.2%): 58.6 Mt bauxite, 7.3 Mt alumina and 3.3 Mt aluminum produced; - copper (8.8%) : 624 Kt produced; - industrial minerals (5%): titanium dioxide pigments (990 Kt produced), borates (504 Kt produced) and salts (5.8 Mt produced); - gold (1.5%) : 282,000 ounces produced; - diamonds (0.5%) : 2.8 million carats produced; - other (2.6%): uranium, silver, zinc and molybdenum. Net sales are distributed geographically as follows: the United Kingdom (0.3%), Europe (4.8%), China (57.4%), Japan (6.5%), Asia (6.9%), the United States (16.8%), Canada (2.9%), Australia (2%) and other (2.4%).

Employees

60,000

Sector

Diversified Mining

Calendar

07-15 - Q2 2025 Sales and Revenue Release - Operations Review

More about the company