Previous close | 0.3300 |
Open | 0.3300 |
Bid | 0.0500 |
Ask | 0.4000 |
Strike | 47.50 |
Expiry date | 2024-07-19 |
Day's range | 0.3300 - 0.3300 |
Contract range | N/A |
Volume | |
Open interest | 640 |
Rio Tinto (RIO) is set to acquire Mitsubishi's 11.65% interest in Boyne Smelters, taking its interest in the venture to 73.5%.
Boyne, which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia, is a joint venture between Rio Tinto, YKK Aluminium and others. In late May, Rio signed a deal to buy Sumitomo Chemical's 2.46% interest in the venture. The purchase from Sumitomo Chemical and the completion of the deal with Mitsubishi will see Rio's interest in Boyne increase to 73.5%, the Australian miner said.
MELBOURNE, Australia, June 10, 2024--Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia.