- Zacks
Rio Tinto (RIO) Inks Deal to Buy 11.65% Stake in Boyne Smelters
Rio Tinto (RIO) is set to acquire Mitsubishi's 11.65% interest in Boyne Smelters, taking its interest in the venture to 73.5%.
- Reuters
Australia's Rio Tinto to buy Mitsubishi's nearly 12% stake in Boyne Smelters
Boyne, which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia, is a joint venture between Rio Tinto, YKK Aluminium and others. In late May, Rio signed a deal to buy Sumitomo Chemical's 2.46% interest in the venture. The purchase from Sumitomo Chemical and the completion of the deal with Mitsubishi will see Rio's interest in Boyne increase to 73.5%, the Australian miner said.
- Zacks
Rio Tinto (RIO) Invests in R&D Facility for BioIron Testing
Rio Tinto (RIO) is building a research and development facility in Western Australia to test the BioIron process, which is expected to aid in decarbonizing the global steel value chain.
