Industry News

Rio Tinto completes acquisition of SCC’s 20.64% interest in New Zealand Aluminium Smelters

Views : 6
Update time : 2024-11-04 15:20:32
On November 1, Rio Tinto completed an acquisition of Sumitomo Chemical Company’s (SCC) 20.64% interest in New Zealand Aluminium Smelters (NZAS).

NZAS owns and operates the Tiwai Point aluminium smelter in New Zealand. Upon the completion of the transaction, Rio Tinto now fully owns NZAS.

Besides, Rio Tinto has also completed the previously announced acquisition of SCC's 2.46% interest in Boyne Smelters Limited (BSL). Together with the recently completed acquisition of 11.65% of BSL shares owned by Mitsubishi, Rio Tinto's total interest in BSL reaches 73.5%.

The price for Rio Tinto’s acquisition of SCC’s NZAS and BSL shares was undisclosed.
Related News
Read More >>
Eurozone manufacturing PMI rises to 46 in Oct Eurozone manufacturing PMI rises to 46 in Oct
Nov .05.2024
Eurozone manufacturing PMI rises to 46 in Oct
Higher stainless steel prices in Taiwan awaiting acceptance by market Higher stainless steel prices in Taiwan awaiting acceptance by market
Nov .05.2024
Higher stainless steel prices in Taiwan awaiting acceptance by market
BMI raises average aluminum price forecast for 2024 BMI raises average aluminum price forecast for 2024
Nov .05.2024
BMI raises average aluminum price forecast for 2024
China’s stainless steel imports & exports fall in Sep China’s stainless steel imports & exports fall in Sep
Nov .05.2024
China’s stainless steel imports & exports fall in Sep