MELBOURNE, Australia–(BUSINESS WIRE)–Rio Tinto’s beforehand introduced acquisition of Mitsubishi Company’s (Mitsubishi) 11.65% curiosity in Boyne Smelters Restricted (BSL) was accomplished on 30 September 2024. BSL owns and operates the Boyne Island aluminium smelter in Gladstone, Australia.
Following completion of the transaction, Rio Tinto (NYSE:)’s curiosity in BSL is now 71.04%.
Rio Tinto seems ahead to persevering with to work with its BSL three way partnership companions and different stakeholders on securing a aggressive low-carbon future for its Gladstone operations.
Beforehand introduced acquisitions by Rio Tinto of Sumitomo Chemical Firm’s (SCC) 2.46% stake in BSL, and SCC’s 20.64% curiosity in New Zealand Aluminium Smelters (NZAS), which owns and operates the Tiwai Level aluminium smelter in New Zealand, proceed to progress by way of numerous circumstances precedent.
The acquisition of Mitsubishi’s stake in BSL was for an undisclosed value, as can be the case for the agreed acquisitions of SCC’s stakes in BSL and NZAS.
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