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Will Rio Tinto acquire additional stakes in Boyne Smelters Ltd by end of 2024?
4
Rio Tinto•Mitsubishi Corporation•Boyne Smelters Ltd•BSL•Boyne Island•Gladstone•Australia•Sumitomo Chemical Co
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Rio Tinto or financial news outlets
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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Yes • 50%
No • 50%
Successful • 33%
Unsuccessful • 33%
Pending • 34%
Government grants • 25%
Private investment • 25%
Rio Tinto internal funds • 25%
Joint venture • 25%