Rwanda has inked a new mineral exploration deal with global mining giant Rio Tinto Mining and Exploration (RTX) Ltd. In partnership with the government of Rwanda, Kinunga Mining Ltd. (a local company), and Aterian PLC (a British company that has been doing mineral exploration in Rwanda for the past four years), RTX has been exploring the country in search for materials, including lithium.
Rio Tinto and Arcadium Lithium plc today announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share.