Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 265

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 265
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 allow Rio Tinto to build expertise in its installation and operation. – In July 2024, we announced that all conditions have now been satisfied for Rio Tinto's investment to develop the Simandou high-grade iron ore deposit in Guinea, including the completion of necessary Guinean and Chinese regulatory approvals. The transaction was expected to be completed during the week of 15 July 2024. – In July 2024, we announced that Katie Jackson was appointed as Chief Executive, Copper. She joined Rio Tinto on 1 September 2024 and is based in London. – In September 2024, we hosted a site visit for the financial community to our Aluminium and Iron & Titanium operations in Quebec, Canada. The visit showcased the world-class, hydro-powered aluminium smelters in the Saguenay, including the Shipshaw Power Station and construction progress at the low- carbon AP Technology TM AP60 smelter, and the Iron & Titanium facility at Sorel- Tracy, the world's largest critical minerals and metallurgical complex. – In October 2024, we confirmed that we made an approach to Arcadium Lithium regarding a potential acquisition. – 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. This transaction will bring Arcadium’s world- class, complementary lithium business into our portfolio, establishing a global leader in energy transition commodities. – In November 2024, we announced that we will be taking up our pro rata entitlements in the entitlement offer and the level of participation by Energy Resources of Australia shareholders. We will hold over 98% of ERA's shares. – In December 2024, we announced we signed a Term Sheet for a Joint Venture with Sumitomo Metal Mining to deliver the Winu copper-gold project, located in the Great Sandy Desert region of Western Australia. – In December, we announced that initial Mineral Resources and Ore Reserves for the Salar del Rincon lithium brine deposits in Argentina will be developed by Rio Tinto. Mineral Resources inclusive of Ore Reserves comprise 1.54 Mt Lithium Carbonate Equivalent (LCE) of Measured Resources, 7.85 Mt LCE of Indicated Resources and 2.29 Mt LCE of Inferred Resources. The Ore Reserves comprise 2.07 Mt LCE of Probable Ore Reserves. – In December 2024, we held our 2024