Industry News

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

Views : 17
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 >>
Vedanta Aluminium signs 5-year natural gas deal with GAIL in shift to renewable energy Vedanta Aluminium signs 5-year natural gas deal with GAIL in shift to renewable energy
Nov .21.2024
Vedanta Aluminium signs 5-year natural gas deal with GAIL in shift to renewable energy
Australian Aluminium Council unites with AAEA, strengthening the downstream manufacturing sector Australian Aluminium Council unites with AAEA, strengthening the downstream manufacturing sector
Nov .21.2024
Australian Aluminium Council unites with AAEA, strengthening the downstream manufacturing sector
Alumina price hike ratio takes a step back; aluminium extrusion export drop potent to lead ingot price drop Alumina price hike ratio takes a step back; aluminium extrusion export drop potent to lead ingot price drop
Nov .21.2024
Alumina price hike ratio takes a step back; aluminium extrusion export drop potent to lead ingot price drop
Rio Tinto collaborates with GravitHy for steel decarbonization project in France Rio Tinto collaborates with GravitHy for steel decarbonization project in France
Nov .21.2024
Rio Tinto collaborates with GravitHy for steel decarbonization project in France