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Rio Tinto to acquire Mitsubishi’s 11.65% stake in Boyne aluminium smelter

PUBLIC · RIOJun 10, 2024

Acquiring Company

Rio Tinto

Acquired Company

Mitsubishi

LondonManufacturingMiningMineralMining TechnologyData MiningBiotechnologyEnergy

Description

Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia. After completion of this transaction, Rio Tinto’s interest in BSL will increase to 73.5%, reinforcing its position in the aluminium smelting industry.

Quick answer

Rio Tinto is acquiring Mitsubishi, announced June 10, 2024. Rio Tinto is based in London, England, United Kingdom.

How much did Rio Tinto pay for Mitsubishi?
The deal value was not disclosed.
What does Rio Tinto do?
Rio Tinto Limited is a leading global mining and metals company, producing materials essential for human progress.
Where are Rio Tinto and Mitsubishi based?
Rio Tinto is based in London, England, United Kingdom.
Who are the decision-makers at Rio Tinto?
Fundz holds 1 contact at Rio Tinto. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Rio Tinto

Location

London, England, United Kingdom

About

Rio Tinto Limited is a leading global mining and metals company, producing materials essential for human progress. The company is committed to sustainable and responsible mining practices.

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Frequently asked

Who acquired Mitsubishi?

Mitsubishi was acquired by Rio Tinto, based in London. The deal was reported on June 10, 2024. Rio Tinto Limited is a leading global mining and metals company, producing materials essential for human progress. The company is committed to sustainable and responsible mining practices. Rio Tinto is publicly traded (RIO) and operates in Manufacturing.

When did Rio Tinto acquire Mitsubishi?

Rio Tinto's acquisition of Mitsubishi was reported on June 10, 2024. Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mitsubishi do?

Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses together with its offices and subsidiaries in approximately 90 countries and regions worldwide. It is privately held, operating in Biotechnology.

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