US EditionRio Tinto obtains $1.17bn for lithium project in Argentina
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The mining company went from the potential phase to the commercial export phase with its first shipment from Argentina. The operational advance comes backed by an international financial package led by the IFC, consolidating the project as a key element in the global strategy of critical minerals. In a movement that redefines the national mining landscape, Rio Tinto dispatched from the port of Buenos Aires to Shanghai its first commercial shipme…
Global lenders back Rio’s multi-billion dollar lithium project - Mining Magazine Australia
Rio Tinto logoIn finalising a $US1.175 billion loan agreement with four powerhouse global financial institutions, Rio Tinto has deepened its financial commitment to the Rincon lithium project in Argentina. This capital injection is a pivotal step in the development of Salta Province as the company expands its footprint in the critical minerals market. The supporting lenders include the International Finance Corporation (IFC), IDB Invest, Export…
The company receives key financial support to develop the Rinc n project in Salta, with capacity to produce 60,000 tons of lithium carbonate per o.
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