Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB).
Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining.
Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (‘InoBat’), a European-based battery technology and manufacturing company.
An excerpt from an article by Sinead Kaufman, Chief Executive Rio Tinto Minerals
This year, Sinead Kaufman assumed responsibility for Rio Tinto’s mineral group, including lithium. An article from
WAToday.
Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium projects.
Rio Tinto has disclosed to the Australian Securities Exchange (ASX) a maiden ore reserve and updated mineral resource at the 100%-owned Jadar lithium-borates project in western Serbia.
Rio Tinto has approved an additional investment of almost $200 million to progress the next stage of the development of the lithium-borate Jadar project in Serbia.