# Rio Tinto to acquire Sumitomo Chemical's 2.46% stake in Boyne Smelters

Rio Tinto agreed to acquire Sumitomo Chemical Company Limited's 2.46% interest in Boyne Smelters Ltd (BSL), which owns the Boyne Island aluminium smelter in Gladstone, Australia, for an undisclosed price. On completion, Rio Tinto's interest in BSL will be 61%.

- Type: Acquisition
- Announced: 2024-05-30
- Where: Gladstone, Queensland, Australia
- Status: announced
- Products: aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mitsubishi Corporation](https://endata.com/companies/575.md) (partner)
- [Mitsubishi Corporation](https://endata.com/companies/575.md) (target)
- [Rio Tinto](https://endata.com/companies/4215.md) (acquirer)
- [Sumitomo Chemical](https://endata.com/companies/20503.md) (target)
- [Boyne Smelters](https://endata.com/companies/77745.md) (target)

## Sources

- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2024-5-30-long-term-future-for-new-zealands-tiwai-point-aluminium-smelter-secured-with-new-power-deals), 2024-05-30: "Rio Tinto has also entered into an agreement, for an undisclosed price, to acquire SCC’s 2.46% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia."
- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2024-6-10-rio-tinto-to-acquire-mitsubishis-1165-stake-in-boyne-aluminium-smelter), 2024-06-10: "Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia."
- [riotinto.com](https://www.riotinto.com/en/news/releases/2024/rio-tinto-to-acquire-mitsubishis-11_65-stake-in-boyne-aluminium-smelter), 2024-06-11: "Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.