Editions

Contents

The future of mining camp furniture is here EcoFarmer: industry-leading solutions in water treatment systems Weir to acquire Micromine Butcherbird receives final approval Ramelius to acquire Spartan for $2.4b Rio Tinto completes Arcadium Lithium acquisition Aussie conquers corrosion and floods! Bellevue Gold: the view from the top Proof in the pit Dig deep: Underground Operators Conference 2025 Not just big fans Industrial reliability without compromise Delivering underground infrastructure with precision Rare earths revolution: Iluka’s Eneabba refinery Mining matters Coronado takes Mammoth steps at Curragh The Goonyella paradox Security is more than access control: it is business safety Custom solutions, built to work Multi-float® hose and cable floats redefine liquid management Kingspan’s commercial & Industrial water tanks Sustainable power solutions with APS North Queensland Hardfacing — pioneering wear solutions across Australia’s heavy industries Critical minerals catch fire King of the Hills: a golden legacy in strength

Rio Tinto completes Arcadium Lithium acquisition

The all-cash deal will see Arcadium shareholders receive $8.69 (US$5.85) for every share held.
The all-cash deal will see Arcadium shareholders receive $8.69 (US$5.85) for every share held.

Rio Tinto (ASX: RIO) has completed its acquisition of Arcadium Lithium (ASX: LTM) for $9.95b (US$6.7b), establishing the miner as a major lithium producer, with one of the world’s largest lithium resource bases.

This makes Rio the ultimate parent company of Arcadium Lithium, which will become Rio Tinto Lithium, and will also include the Rincon lithium project.

Rio Tinto Lithium aims to grow the capacity of its Tier 1 assets to over 200ktpa of lithium carbonate equivalent (LCE) by 2028.

Complementary technologies and geographies offer compelling value driven by accelerating volume growth in a rising market, projecting significantly higher EBITDA and operating cash flow in the coming years, according to Rio.

Rio Tinto chief executive Jakob Stausholm comments on the acquisition.

“Today we are delighted to welcome the employees of Arcadium to Rio Tinto,” he said.

“Together, we are accelerating our efforts to source, mine and produce minerals needed for the energy transition.

“By combining Rio Tinto’s scale, financial strength, operational and project development experience with Arcadium’s Tier 1 assets, technical and commercial capabilities, we are creating a world-class lithium business which sits alongside our leading iron ore, aluminium and copper operations.

“We believe we are well-positioned to deliver the materials needed for the energy transition while maintaining our focus on respecting local communities, minimising environmental impacts and delivering value for shareholders and other stakeholders.”

Rio Tinto will fund the acquisition by drawing on its existing bridge loan facility, which it plans to replace with long-term debt financing.