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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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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

Green Car Congress

The 3Q Project (Tres Quebradas Lithium Project) is located in Catamarca Province, the largest lithium producing area in Argentina, and covers approximately 35,000 ha including a salar complex of approximately 16,000 ha. —Constantine Karayannopoulos, Chairman of Neo Lithium.

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Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market

Green Car Congress

Enel has installed around 5,000 charging stations in Italy, Spain, Romania, Greece, Chile, Colombia and Argentina. For example, JuiceNet allows users to schedule EV charging when electricity from domestic solar rooftop systems is most abundant. GW powered by renewable hydropower, wind, geothermal and solar energy.

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Country’s Ministry of Mines announces lithium discovery

Electric Vehicles India

The Ministry of Mines once said the government is taking some aggressive steps to secure lithium-bearing minerals from Australia and Argentina in order to strengthen the new technology’s critical minerals supply chain. It was discovered by the GSI (Geological Survey of India) during exploration in the Reasi area of ​​Jammu-Kashmir.

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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

Green Car Congress

Toyota Tsusho and Orocobre have been long-term partners in the development of the Salar de Olaroz Lithium Facility in Jujuy Province in northern Argentina, a lithium brine project, which was brought into successful production in 2014. Demand growth to date has seen the lithium price more than doubled in the past few years.

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Opinon: Lithium Market Set To Explode; All Eyes Are On Nevada

Green Car Congress

Most of the world’s lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources being developed by new entrants into this market have set up the state of Nevada to become the key venue and proving ground for game-changing trade in this everyday mineral.

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