Rio Tinto completes acquisition of Mitsubishi’s 11.65% stake in the Boyne aluminium smelter
02 Outubro 2024 - 3:37AM
Business Wire
Rio Tinto’s previously announced acquisition of Mitsubishi
Corporation’s (Mitsubishi) 11.65% interest in Boyne Smelters
Limited (BSL) was completed on 30 September 2024. BSL owns and
operates the Boyne Island aluminium smelter in Gladstone,
Australia.
Following completion of the transaction, Rio Tinto’s interest in
BSL is now 71.04%.
Rio Tinto looks forward to continuing to work with its BSL joint
venture partners and other stakeholders on securing a competitive
low-carbon future for its Gladstone operations.
Previously announced acquisitions by Rio Tinto of Sumitomo
Chemical Company’s (SCC) 2.46% stake in BSL, and SCC’s 20.64%
interest in New Zealand Aluminium Smelters (NZAS), which owns and
operates the Tiwai Point aluminium smelter in New Zealand, continue
to progress through various conditions precedent.
The acquisition of Mitsubishi’s stake in BSL was for an
undisclosed price, as is also the case for the agreed acquisitions
of SCC’s stakes in BSL and NZAS.
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version on businesswire.com: https://www.businesswire.com/news/home/20241001119454/en/
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