Rio Tinto, one of the world’s foremost mining conglomerates, has announced its plan to acquire US-based Arcadium Lithium in an all-cash transaction valued at $6.7 billion. This acquisition represents a major strategic maneuver to consolidate Rio Tinto’s standing within the burgeoning market for critical minerals, particularly those essential for renewable energy technologies and the electric […]
In a significant development in the global lithium market, Arcadium Lithium plc confirmed that it has been approached by mining giant Rio Tinto regarding a potential acquisition. The approach, which remains non-binding, is part of Rio Tinto’s bid to expand its footprint in the lithium sector amid growing demand for electric vehicle (EV) batteries and […]
Rio Tinto has unveiled its financial results for the first half of 2024, underscoring a strong performance with underlying EBITDA of $12.1 billion and an interim ordinary dividend of 177 US cents per share. These results reflect the company’s steady growth trajectory and disciplined investment approach in key projects. Key Financial Metrics from Rio Tinto’s […]
European Energy and global mining giant Rio Tinto have signed a Power Purchase Agreement (PPA) that stands to transform Australia’s renewable energy sector. This deal ensures the entire output of the upcoming Upper Calliope Solar Farm, poised to be Australia’s largest, will be supplied to Rio Tinto. This agreement is not only the biggest solar […]