RIO News: Rio Tinto (RIO) Inks Deal to Buy 11.65% Stake in Boyne Smelters - 14th Jun 2024, 2:19am

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Rio Tinto RIO has entered into an agreement to acquire the 11.65% interest in Boyne Smelters Ltd (“BSL”) from Mitsubishi Corporation MSBHF. The financial terms of the transaction have not yet been disclosed. BSL is located at Boyne Island in Central Queensland and is Australia’s second-largest aluminium smelter.

Earlier, on May 31, Rio Tinto entered into an agreement to acquire the 2.46% share in BSL that was held by Sumitomo Chemical Company Limited, a part of Sumitomo SSUMY. ...

>>> Read more: Rio Tinto (RIO) Inks Deal to Buy 11.65% Stake in Boyne Smelters
 
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