Industry News

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

Views : 26
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 >>
Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions
Dec .23.2024
Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions
Aluminium prices rise across the board on SMM, defying previous week’s declining trend Aluminium prices rise across the board on SMM, defying previous week’s declining trend
Dec .23.2024
Aluminium prices rise across the board on SMM, defying previous week’s declining trend
World primary aluminium production poised to outstrip 2023 record, reaching 66.522 million tonnes by November 2024 World primary aluminium production poised to outstrip 2023 record, reaching 66.522 million tonnes by November 2024
Dec .23.2024
World primary aluminium production poised to outstrip 2023 record, reaching 66.522 million tonnes by November 2024
Å Energi inks deal to supply power to Hydro's Norwegian aluminum plants for 10 years Å Energi inks deal to supply power to Hydro's Norwegian aluminum plants for 10 years
Dec .23.2024
Å Energi inks deal to supply power to Hydro's Norwegian aluminum plants for 10 years