Rio Tinto to acquire Mitsubishi's 11.65% stake in Boyne Smelters Ltd, increasing its interest to 73.5%.

Rio Tinto agrees to acquire Mitsubishi Corp's 11.65% stake in Boyne Smelters Ltd, a joint venture that owns and operates an aluminium smelter in Gladstone, Australia. Upon completion, Rio Tinto's interest in the venture will increase to 73.5%. The acquisition is subject to various conditions, including approval from Australia's Foreign Investment Review Board, and is expected to be finalized in the second half of 2024.

June 10, 2024
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