Rio Tinto’s interest in Boyne Smelters Limited is now 71.04 per cent.
This update comes after Rio Tinto’s previously announced acquisition of Mitsubishi Corporation’s 11.65 per cent interest in BSL was completed on September 30 2024.
BSL owns and operates the Boyne Island aluminium smelter in Gladstone, Australia.
Rio Tinto said it looks forward to continuing to work with its BSL joint venture partners and other stakeholders to secure a competitive, low-carbon future for its Gladstone operations.
Rio Tinto’s previously announced acquisitions continue to progress through various conditions precedent. These include Sumitomo Chemical Company’s (SCC) 2.46 per cent stake in BSL and SCC’s 20.64 per cent interest in New Zealand Aluminium Smelters (NZAS), which owns and operates the Tiwai Point aluminium smelter in New Zealand.
The acquisition of Mitsubishi’s stake in BSL was for an undisclosed price, as is the case for the agreed acquisitions of SCC’s stakes in BSL and NZAS.
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