Rio Tinto secures $1.18 billion financing for Argentina lithium project - Reuters
Rio Tinto secures $1.18 billion financing for Argentina lithium project Reuters
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"IDB Invest’s support for this project reaffirms Argentina’s potential to consolidate its position as a key player in the global critical minerals market."
— Viviana Alva Hart , Executive
"This financing package broadens the funding sources available for the Rincón project and supports the continued execution of our lithium growth pipeline, which is underpinned by the attractive long-term outlook driven by the energy transition."
— Jérôme Pécresse , Executive
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<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxQMVY4bzFNT0VZZ2tZY0NPTV94VlhsZ3Z2M1QxUTdoX0xPRlZTQVFOVVN5WmhmSzU4VmNkSW1YdEtIVGZseDFzODlRNlNhdzFzVEFwbm13blpoMkVudG55YnJaLVBLZkEzaGJuM1BzbVdiNEJyckdfWVFQU2NRdjRhSVM4elpBbXRfcXQ0ckdZRkY4QXRxZUh0T1h5WUtJOXBnSHNYN3dCeE5jbWJ5TWV0SGI5aUM2Nk0?oc=5" target="_blank">Rio Tinto secures $1.18 billion financing for Argentina lithium project</a> <font color="#6f6f6f">Reuters</font>
Rio Tinto has secured a $1.175 billion financing package from four international lenders to support the development of its Rincon lithium project in Argentina's Salta province, aiming for annual production of about 60,000 tonnes of battery-grade lithium carbonate.
The IFC is partnering with Rio Tinto to advance the Rincón Lithium Project in Argentina, aiming to produce approximately 53,000 tonnes of battery-grade lithium carbonate annually, bolstering Argentina's position as a global leader in lithium production.
IDB Invest announced its participation in a financing package of up to $1.175 billion for Rincón Mining, part of Rio Tinto, to support the development and expansion of its lithium project at the Salar del Rincón in Argentina's Salta province.
Rio Tinto has secured a $1.175 billion financing package from four international lenders to support the development of its Rincon lithium project in Argentina's Salta Province, aiming for annual production of about 60,000 tonnes of battery-grade lithium carbonate.
Rio Tinto has secured a US$1.175 billion financing package from four international institutions to support the development of the Rincón lithium project in Argentina's Salta province, with first production expected in 2028 and a mine life of over 40 years.
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