On the Record · Rio Tinto
Rio Tinto acquisitions, on the record
The businesses Rio Tinto bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Burra TM Scandium ProjectWord for word“Acquired the high-grade Burra TM Scandium Project in New South Wales, Australia.” 20-F for 2023 | agreed acquisition | — | — |
MatalcoWord for word“In December 2023, we announced completion of the Matalco joint venture, combining the strengths of North America's largest primary and secondary aluminium producers to meet the growing demand from manufacturers for low carbon materials.” 20-F for 2023 | acquisition | December 2023 | — |
La Granja copper project (55% stake sold to First Quantum Minerals)Word for word“First Quantum Minerals acquired a 55% stake in the project for $105 million and will invest up to a further $546 million into the joint venture to sole fund capital and operational costs to take the project through a feasibility study and toward development.” 20-F for 2023 | divestiture | — | $105 million |
Turquoise Hill Resources minority interest (remaining 49% share)Word for word“On 16 December 2022 , we acquired the remaining 49 % share of Turquoise Hill Resources for expected consideration of US$ 3.2 billion inclusive of transaction fees .” 20-F for 2023 | acquisition | 16 December 2022 | US$ 3.2 billion |
Nuevo Cobre (Agua de la Falda S.A., PanAmerican Silver's 57.74% stake)Word for word“We have entered into a joint venture with Corporación Nacional del Cobre de Chile (Codelco) following the acquisition of PanAmerican Silver’s 57.74% stake in Agua de la Falda S.A.” 20-F for 2023 | acquisition | — | — |
Rincon Lithium projectWord for word“We completed the acquisition of the Rincon Lithium project in Salta province, Argentina in March 2022.” 20-F for 2023 | acquisition | March 2022 | — |
Coal businessesWord for word“We completed the divestments of our coal businesses in 2018 and no longer mine coal, but retained a contingent royalty income from these divestments.” 20-F for 2023 | divestiture | 2018 | — |
Simandou (WCS 49% share to Baowu-led consortium)Word for word“Baowu Resources has entered into an agreement to acquire a 49% share of WCS mine and infrastructure projects through a Baowu-led consortium, subject to conditions including regulatory approvals.” 20-F for 2023 | agreed divestiture | — | — |
Arcadium Lithium plcWord for word“In October 2024, we announced a definitive agreement to acquire Arcadium Lithium plc (Arcadium) in an all-cash transaction for US$5.85 per share.” 20-F for 2024 | agreed acquisition | In October 2024 | US$5.85 per share |
Baowu Resources' acquisition of a 49% share of WCS mine and infrastructure projectsWord for word“On 19 June 2024, Baowu Resources completed the acquisition of a 49% share of WCS mine and infrastructure projects with WCS Holdings holding the remaining 51%.” 20-F for 2024 | agreed divestiture | On 19 June 2024 | — |
Sumitomo Chemical Company's 20.64% interest in NZASWord for word“We completed the previously announced acquisition of Sumitomo Chemical Company's (SCC's) 20.64% interest in NZAS on 1 November 2024 and now fully own the Tiwai Point aluminium smelter.” 20-F for 2024 | acquisition | 1 November 2024 | — |
Sumitomo Chemical Company's 2.46% stake in Boyne Smelters Limited (BSL)Word for word“We also completed the previously announced acquisition of SCC's 2.46% stake in Boyne Smelters Limited (BSL).” 20-F for 2024 | acquisition | — | — |
Mitsubishi's 11.65% stake in Boyne Smelters Limited (BSL)Word for word“The completion of this transaction, along with the recently completed acquisition of Mitsubishi's 11.65% stake in BSL, brings Rio Tinto's total interest in BSL to 73.5%.” 20-F for 2024 | acquisition | — | — |
Dampier Salt Limited's Lake MacLeod operationWord for word“A reduction in cumulative disturbance from 2023-2024 is a result of the sale of Dampier Salt Limited's Lake MacLeod operation.” 20-F for 2024 | divestiture | — | — |
La Granja project joint venture with First Quantum MineralsWord for word“In August 2023, we completed a transaction to form a joint venture with First Quantum Minerals (FQM) that will work to unlock the development of the La Granja project in Peru, one of the largest undeveloped copper deposits in the world, with potential to be a large, long-life operation.” 20-F for 2024 | agreed divestiture | In August 2023 | — |
Burra Scandium ProjectWord for word“Acquisition of the Burra™ Scandium Project in Australia.” 20-F for 2024 | acquisition | — | — |
Read from Rio Tinto’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.