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Rio Tinto to acquire Rincon Mining lithium project for $825M

Green Car Congress

Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining , a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate.

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Rio Tinto completes acquisition of Rincon lithium project for $825M

Green Car Congress

Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB). We will be working with local communities, the Province of Salta and the Government of Argentina as we develop this project to the highest ESG standards.

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The Dirty Truth of Petrol & Diesel Vehicles

Plug In India

Lithium is a metal that is mined in the deserts of Australia, China, Argentina, and Chile. Support the installation of solar panels wherever possible. Going solar now is cheaper than buying electricity from the grid and starts paying for itself from day one. So what about the lithium used in EV batteries?

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