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(Reuters) -Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of ...
On Monday, Rio Tinto (NYSE:RIO) confirmed that it is in non-binding talks to acquire Arcadium Lithium (NYSE:ALTM), a major lithium miner formed from the merger of Livent and Allkem. Both companies ...
Sure enough, international mining conglomerate Rio Tinto announced Wednesday it agreed to buy Arcadium Lithium for $5.85 per share in an all-cash deal valued at $6.7 billion. Rio Tinto obviously ...
From 1877 to 1891, the Rio Tinto Mine was the world's leading producer of copper. [16] The open-pit Corta Atalaya mine was part of Rio Tinto's original operations in Spain. From 1870 through 1925, the company was inwardly focused on fully exploiting the Rio Tinto Mine, with little attention paid to expansion or exploration activities outside of ...
Rio Tinto Company Limited's board of directors met for the first time in London on March 31, 1873, under the chairmanship of Hugh Matheson. One of its first decisions was the construction of a railway line, under the advice of the engineer George Barclay Bruce . [ 11 ]
[3] [4] In 2017, the government of Serbia signed a memorandum with Rio Tinto to implement Project Jadar, a project that would allow Rio Tinto to open a jadarite mine from which lithium and boron would be extracted. [5] The mine was set to open in 2023 and production of lithium batteries was set to begin in 2027.
Rio Tinto in July committed $2.4 billion to its Jadar project as global miners push into metals needed for the green energy transition, including lithium, which is used to make electric vehicle ...
In July 2024, a series of environmental protests began in Serbia against the Jadar mine, a European Union–backed and Serbian government-approved lithium mining project. The project was proposed by Anglo-Australian Rio Tinto to develop Europe's largest lithium mine in the West Serbian region of Jadar, causing significant backlash due to its potential environmental damage and exploitation of ...