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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 ...
In January 2024, President of Serbia Aleksandar Vučić stated that the government wants to hold further talks with Rio Tinto and that there should be more public discussion over whether the project should go ahead. If completed, the project could supply 90% of Europe's current lithium needs and help to make Rio Tinto a leading lithium producer. [5
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 ...
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 ...
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 ...
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 ...
In 1993 Rio Tinto sold the mines to a newly formed company, Sandawana Mines (Pvt.) Ltd., where the Zimbabwean government held a significant share. [1] The mines were closed seven years later due to the drop in demand for emeralds. [5] But interest in the properties resumed as the price of lithium soared.
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 ...