annb0t
Top 20
(Reuters) -Mining giant Rio Tinto said on Tuesday it will buy Mitsubishi Corp's 11.65% stake in Boyne Smelters (BSL) for an undisclosed sum.
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 Bo...
>>> Read more: 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 Bo...
>>> Read more: Australia's Rio Tinto to buy Mitsubishi's nearly 12% stake in Boyne Smelters
