Rio Tinto splashes $1.8bn on iron ore mine as Arcadium takeover completes
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Rio Tinto has completed its acquisition of Arcadium Lithium for $6.7 billion and plans to invest $1.8 billion in the Brockman iron ore mine extension.
March 06, 2025 | 9:15 am
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Rio Tinto has completed its $6.7 billion acquisition of Arcadium Lithium and will invest $1.8 billion in the Brockman iron ore mine extension.
The completion of the Arcadium acquisition and the significant investment in the Brockman mine are likely to enhance Rio Tinto's asset base and future revenue potential, positively impacting its stock price.
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