LONDON (dpa-AFX) - Rio Tinto (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said it agreed
to acquire Mitsubishi Corp.'s 11.65% interest in Boyne Smelters Ltd, which owns
and operates the Boyne Island aluminium smelter in Gladstone, Australia. The
terms of the deal was not disclosed.

On completion of this transaction, and the recent agreement to acquire Sumitomo
Chemical Company's 2.46% interest in Boyne Smelters Ltd, Rio Tinto's interest in
Boyne Smelters Ltd will increase to 73.5%.

The acquisition is expected to be finalized in the second half of 2024.

After completion of the two transactions, the Boyne Smelters Ltd joint venture
partners
will be: Rio Tinto (73.5%), YKK Aluminium (9.50%), UACJ Australia (9.29%) and
Southern Cross Aluminium (7.71%).



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