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Market
Will Boyne Island aluminium smelter increase production capacity by mid-2024?
5
Rio Tinto•Mitsubishi Corporation•Boyne Smelters Ltd•BSL•Boyne Island•Gladstone•Australia•Sumitomo Chemical Co
Resolution / Starting Odds
Yes • 50%
No • 50%
Official reports from Boyne Smelters Ltd or Rio Tinto
Story
Rio Tinto Acquires Mitsubishi’s 11.65% Stake in Boyne Smelters, Raising Interest to 73.5%
Jun 10, 2024, 11:19 PM
Rio Tinto has announced its acquisition of Mitsubishi Corporation’s 11.65% stake in Boyne Smelters Ltd (BSL), which operates the Boyne Island aluminium smelter in Gladstone, Australia. This acquisition follows Rio Tinto's recent purchase of Sumitomo Chemical Co’s 2.46% stake in BSL, bringing Rio Tinto’s total interest in BSL to 73.5%. The financial terms of the transaction have not been disclosed.
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Increase mining operations • 33%
Maintain current operations • 33%
Decrease operations due to other factors • 34%
Above average • 50%
Below average • 50%
Yes • 50%
No • 50%
