Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 320

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 320
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 difference between the carrying amount and the consideration received recognised in the income statement. Certain amounts previously recognised in other comprehensive income in respect of the entity disposed of may be recycled to the income statement. The cash proceeds of disposals are included within “Investing activities” in the cash flow statement. 2024 Wyoming Uranium On 5 December 2024 , we completed our sale of the Sweetwater uranium mill facility together with mining projects (collectively known as “Wyoming Uranium”) to Uranium Energy Corp. (UEC) for cash consideration of US$ 175million . Lake MacLeod On 2 December 2024 , we completed our sale of Dampier Salt Limited’s Lake MacLeod salt and gypsum operation in Carnarvon to Leichhardt Industrials Group (Leichhardt) for cash consideration of US$ 247million . 2023 La Granja On 28 August 2023 , we completed the sale of a 55% interest in the undeveloped La Granja project in Peru for US$ 105million to First Quantum Minerals (FQM). The consideration received was recorded in the cash flow statement for US$ 104million (net of US$ 1million of cash balance) , of which US$ 16million relating to sale of land was included within “net cash used in investing activities” and the remaining US$ 88 million was included within “net cash generated from operating activities”. As a result of the sale, our retained interest in La Granja represents a 45% owned associate (equity accounted) over which Rio Tinto has significant influence during the evaluation phase. On initial recognition, the gain on fair valuation of interest retained in the project of US$ 85million was recognised to the extent of US$ 47million (relating to the 55% interest sold) within “profit relating to interests in undeveloped projects” and the remaining gain of US$ 38million was eliminated against the fair value of the EAU. In total, we recognised a pre-tax gain of US$ 154million in the income statement, primarily representing the consideration transferred by First Quantum, plus the fair value of the retained interest in the project. 2022 Roughrider As summarised in note 4, we sold our shareholding in the Roughrider uranium undeveloped project on 17 October 2022 for consideration of US$ 150million ( US$ 80million in cash and US$ 70million in shares of U