Rio Tinto Strikes Near $1bn Deal in Chilean Lithium Project

Chile's Codelco Partners with Rio Tinto for Strategic Lithium Development

Chile’s state-owned Corporación Nacional del Cobre (Codelco) announced Monday its selection of Anglo-Australian mining giant Rio Tinto as partner for developing the Salar de Maricunga lithium project in northern Chile. The partnership agreement establishes terms for a joint venture that positions Chile to expand its role in the global lithium market. Under the deal, Rio […]

Rio Tinto strikes $1.4b lithium JV deal in Chile

Rio Tinto has agreed to invest in a Chilean lithium project controlled by Codelco as the world’s second-biggest miner continues its expansion into the battery metal.

Rio Tinto invests in major Chilean lithium project

Chile's state-owned copper giant Codelco announced a partnership on Monday with British-Australian miner Rio Tinto to extract lithium from a salt flat that contains the world's second-biggest deposits of the prized metal.

Codelco ended the suspension and finally announced Rio Tinto as its strategic partner to exploit lithium in the Maricunga salt flat. The agreement contemplates the creation of a joint company controlled in 50.01% by the Chilean state and 49.99% by the private mining company, which will invest $ 900 million.Rio Tinto is not an ordinary company. It is the second largest mining conglomerate in the world, with more than 60 thousand collaborators dis…

Rio Tinto strikes $1.4b Chilean lithium deal with Codelco

Rio it will invest up to $1.4 billion in the Salar de Maricunga project in Chile as it focuses on reducing its dependence on iron ore.

Rio Tinto strikes near $1bn deal in Chilean lithium project

Anglo-Australian miner doubles down on critical mineral buying almost 50 per cent stake in partnership with Codelco