Rio Tinto Completes Acquisitions of Stakes in Boyne Smelters (BSL) and New Zealand Aluminium Smelters (NZAS)

Rio Tinto makes strategic investment in Mogotes Metals and forms strategic & technical alliance for the Filo Sur project

August 28, 2026

Industrial Services

Mogotes Metals closed a previously announced strategic investment by Rio Tinto Canada Inc. through a placement totaling approximately US$15 million. Rio Tinto also entered into a strategic and technical alliance with Mogotes focused initially on the Filo Sur project in the Vicuña district of Argentina and Chile.

Clean Air Metals Combines with Springbok Ventures

July 31, 2026

Industrial Services

Clean Air Metals, Springbok Ventures and Clean Air Metals subsidiary 1602037 B.C. Ltd. entered into an agreement for a three-cornered amalgamation that will combine Clean Air Metals’ Thunder Bay North project with Springbok’s Maude Lake exploration asset under a resulting critical-minerals company. The proposed transaction also includes a subscription-receipt financing; it remains subject to shareholder, exchange and other customary approvals.

Alcoa to Acquire South32’s Bauxite, Alumina, and Aluminum Assets for $4.1 Billion

June 30, 2026

Industrial Services

Alcoa announced it has entered into a definitive agreement to acquire South32’s interests in bauxite mining, alumina refining, and aluminum smelting assets for approximately $4.1 billion in cash and stock. The deal includes an additional contingent value right (CVR) of up to $750 million and is expected to close in the first half of 2027, subject to approvals and customary conditions.

Energy Fuels Acquires Australian Strategic Materials in $299 Million Deal

January 22, 2026

Manufacturing

Energy Fuels signed a Scheme Implementation Deed to acquire Australian Strategic Materials Ltd. (ASM) in a transaction valued at about US$299 million, aiming to create a fully integrated rare earth "mine-to-metal & alloy" producer outside China. The deal combines Energy Fuels’ White Mesa Mill in Utah (rare earth oxides) with ASM’s downstream rare earth metals and alloys operations, including its Korean Metals Plant and the Dubbo project in Australia.

Boliden Completes Acquisition of Neves-Corvo and Zinkgruvan Mines

April 16, 2025

Industrial Services

Boliden has completed its acquisition of the Somincor-Sociedade Mineira de Neves-Corvo (Neves-Corvo) copper-zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden from Lundin Mining. The transaction consideration was USD 1.40 billion at closing (USD 1.30 billion upfront plus up to USD 150 million in commodity-price-linked contingent payments).

Rio Tinto Acquires Remaining Stake in Turquoise Hill Resources for C$43.00 per Share

November 18, 2022

Industrial Services

Rio Tinto has agreed to terminate certain dissent-related agreements with minority shareholders tied to Pentwater Capital Management LP and SailingStone Capital Partners LLC, while its all-cash plan to acquire the ~49% of Turquoise Hill it does not already own will proceed. Under the proposed plan of arrangement, Turquoise Hill shareholders are offered C$43.00 per share in cash, supported by Rio Tinto’s commitments regarding dissent rights and related payments.