Rio Tinto has finalized its acquisition of Arcadium Lithium for $6.7 billion, following the approval of the Scheme of Arrangement by the Royal Court of Jersey on 5 March. Arcadium Lithium will now be rebranded as Rio Tinto Lithium and will include the Rincon lithium project as part of its portfolio. This acquisition strengthens Rio...
READ MOREMidland Exploration, in partnership with Rio Tinto Exploration Canada (RTEC), has announced the launch of a second lithium drilling campaign at the Galinee project. Located approximately 5 kilometers east of the Adina lithium deposit owned by Winsome Resources, the project is wholly owned by Midland and is under an option agreement with RTEC, initially signed...
READ MOREKingsrose Mining Limited has announced the acquisition of the Jakon nickel-copper-cobalt project in Central Finland from Rio Tinto Exploration Finland Oy. This acquisition strengthens Kingsrose’s presence within the Kotalahti Nickel-Copper-Cobalt Belt and forms part of its Exploration Alliance with BHP in Finland. The Jakon project spans 205 km², bringing Kingsrose’s total landholding under the BHP...
READ MOREMelten Energy & Metals has entered into two long-term agreements with Rio Tinto to enhance its supply chain for bauxite and alumina. These agreements support Melten’s expansion of its alumina production capacity at the Aluminium of Greece plant in Agios Nikolaos, Viotia, Greece. The investment will increase alumina output from 865,000 metric tonnes to 1,265,000...
READ MORERio Tinto is exploring the use of intermittent renewable energy for its aluminium smelters, citing falling battery prices as a key factor in making the shift economically viable. Jerome Pecresse, head of Rio’s aluminium division, stated that transitioning to renewable power supported by battery storage is becoming increasingly feasible for the Boyne smelter in Queensland...
READ MOREHydro and Rio Tinto have announced a partnership to develop carbon capture technology aimed at reducing emissions from aluminum smelters. The companies plan to invest approximately $45 million over five years, with research and development efforts taking place at Hydro’s facilities in Norway and Rio Tinto’s locations in Europe. Both companies will continue their independent...
READ MORERio Tinto’s 74%-owned South African subsidiary, Richards Bay Minerals (RBM), has signed a deal with independent power producer Red Rocket South Africa for 230 MW of wind energy. The renewable power will supply RBM’s smelting and processing facilities at its Richards Bay ilmenite operation, the company announced on January 30. Red Rocket is developing the...
READ MORERio Tinto Group plans to establish a dedicated lithium unit, Rio Tinto Lithium, after completing its $6.7 billion acquisition of Arcadium Lithium PLC. According to an internal memo cited by Reuters on January 17, the new division will manage operations at the Rincon lithium project in Argentina. However, the Jadar lithium project in Serbia will...
READ MORETwo of the world’s largest mining companies, Rio Tinto and Glencore, are reportedly in early-stage discussions about a potential merger valued at an estimated £130 billion. If successful, the deal would create the world’s largest mining company, surpassing current leader BHP, which is valued at approximately $126 billion (£103 billion). The merger would combine Rio...
READ MORERio Tinto’s fourth-quarter production results reflect steady operational progress alongside challenges in key areas. The company celebrated milestones such as the successful ramp-up of the Oyu Tolgoi underground copper mine in Mongolia and the commencement of lithium production at the Rincon project in Argentina, while overall commodity production displayed varied performance. Chief Executive Jakob Stausholm...
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