Tag: Rio Tinto

Rio Tinto cancels sell off of Simandou mine
Global

Rio Tinto cancels sell off of Simandou mine

Global mining giant, Rio Tinto said it has shelved its planned divestment in Simandou iron ore mine located in Guinea. The company said in a statement that the non-binding heads of agreement, originally signed on 28 October 2016, for Chinalco to acquire Rio Tinto’s entire interest in the Simandou iron […]

Rio Tinto offloads Grasberg mine for $3.5 bilion
Global

Rio Tinto offloads Grasberg mine for $3.5 bilion

Rio Tinto has said it has signed a binding agreement to sell its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium, Indonesia’s state mining company, for $3.5 billion. Rio Tinto said in a statement that Inalum has signed a binding agreement with Freeport McMoRan Inc.,in […]

Hydro cancels bid for Rio Aluminium
Global

Hydro cancels bid for Rio Aluminium

Rio Tinto has been informed by Hydro that it has withdrawn its offer to acquire the ISAL smelter in Iceland. The bid would have included Rio Aluminium’s 53.3 per cent share in the Aluchemie anode plant in the Netherlands and its 50 per cent share in the Aluminium fluoride plant […]

Rio Tinto to sell stake in Grasberg mine
Big Business Global

Rio Tinto to sell stake in Grasberg mine

Italy’s Rio Tinto, PT Indonesia Asahan Aluminium, and Freeport McMoran Inc. (FCX) have signed a non-binding agreement in relation to the future ownership of the Grasberg mine in Indonesia. The Heads of Agreement details the proposed principal terms for the sale of Rio Tinto’s entire interest in Grasberg to Inalum, […]

Rio Tinto, Minmetals enters mineral JV in China
Global

Rio Tinto, Minmetals enters mineral JV in China

Rio Tinto and Minmetals have today formalised a Joint Venture Contract to establish a 50:50 joint venture to explore for world-class mineral deposits in China. Rio Tinto said the JV said the JV is a product of a Technical Collaboration Contract signed in November 2017 when both parties committed to […]