Rio Tinto to Acquire Rincon Mining lithium Project in Argentina.
MANews-(C)2009-2021
Anglo-Australian mining company Rio Tinto (OTC: RTNTF) has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, for USD 825m, the company said.
The acquisition demonstrates Rio Tinto's commitment to build its battery materials business and strengthen its portfolio for the global energy transition.
Rincon is a large undeveloped lithium...
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