Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Equity Bottom-Up

<ul><li>Rio doubles down on lithium investment in Rincon, with a US $2.5 billion expansion plan</li><li>BHP and Rio have historically had differing views on commodities, with examples in Potash, aluminium, and mineral sands</li><li>Rincon project aims to expand production to 60,000 tonnes per annum, with heavy reliance on DLE technology for extraction and processing</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Rio doubles down on lithium investment in Rincon, with a US $2.5 billion expansion planBHP and Rio have historically had differing views on commodities, with examples in Potash, aluminium, and mineral sandsRincon project aims to expand production to 60,000 tonnes per annum, with heavy reliance on DLE technology for extraction and processingThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Event-Driven

<ul><li>Rio Tinto sold 30% of its Winu project to Sumitomo for $400 million, surprising many with the valuation</li><li>Expecting a PFS in 2025 for a 10 million tonne per annum scenario for the Winu project</li><li>The partnership with Sumitomo signifies the rise of Japan and South Korea in the mining industry and may benefit Rio Tinto in terms of capital allocation and project development.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Rio Tinto sold 30% of its Winu project to Sumitomo for $400 million, surprising many with the valuationExpecting a PFS in 2025 for a 10 million tonne per annum scenario for the Winu projectThe partnership with Sumitomo signifies the rise of Japan and South Korea in the mining industry and may benefit Rio Tinto in terms of capital allocation and project development.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Rio Tinto recommended a price of $5.85 on the US stock and $8.60 on the CDIs, totaling about AU$10 billion or US$6.7 billion, with a 90% premium to the undisturbed price</li><li>The deal is all cash and is expected to close in mid-2025, pending various approvals including shareholder and board approval</li><li>Rio Tinto's acquisition of Arcadium is seen as a countercyclical move, paying for optionality and long-term potential rather than immediate returns, reflecting a shift in their M&amp;A strategy.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Rio Tinto recommended a price of $5.85 on the US stock and $8.60 on the CDIs, totaling about AU$10 billion or US$6.7 billion, with a 90% premium to the undisturbed priceThe deal is all cash and is expected to close in mid-2025, pending various approvals including shareholder and board approvalRio Tinto's acquisition of Arcadium is seen as a countercyclical move, paying for optionality and long-term potential rather than immediate returns, reflecting a shift in their M&amp;A strategy.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

What does Rio’s brine bet mean for spod?

Thematic (Sector/Industry)

<ul><li>Goldfields makes hostile bid for Gold Road with 28% premium</li><li>Gold Road board rejects offer, wanted to buy 50% of Gruyere from Goldfields</li><li>Gold Road now in play, potential competition for acquisition as shareholders weigh options</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Goldfields makes hostile bid for Gold Road with 28% premiumGold Road board rejects offer, wanted to buy 50% of Gruyere from GoldfieldsGold Road now in play, potential competition for acquisition as shareholders weigh optionsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Rio vs Fenix for Creasy’s Project (The Battle for Robe Mesa)

<ul><li>Rumors of a potential merger between Glencore and Rio Tinto, which would be the largest mining M&amp;A deal ever</li><li>Talks were reported to have occurred in the second half of last year but are not currently active</li><li>Both companies have London listings and did not comment on the rumors, indicating a potential window of no talking due to UK takeover rules</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Rumors of a potential merger between Glencore and Rio Tinto, which would be the largest mining M&amp;A deal everTalks were reported to have occurred in the second half of last year but are not currently activeBoth companies have London listings and did not comment on the rumors, indicating a potential window of no talking due to UK takeover rulesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Australia

Rio Tinto Limited is an international mining company.  The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium dioxide feedstock, diamonds, talc and zircon. Dually-listed company with RIO LN.

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Rio Tinto Ltd (RIO AU)

Rio’s Stausholm makes his defining bet

Rio Tinto invests $2.5 billion in Rincon for lithium production, expanding their global presence and showcasing CEO Jakob Stausholm's leadership.

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Rio lights up the junior copper market

Rio Tinto sells 30% stake in WINU project to Sumitomo for US$400 million, with analysts questioning the project's valuation and potential strategic...

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What does Rio’s brine bet mean for spod?

Rio Tinto agrees to acquire Arcadium for $6.7 billion in a cash deal, with a focus on long-term value and securing a position in the cost curve.

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Rio vs Fenix for Creasy’s Project (The Battle for Robe Mesa)

Goldfields has made a hostile bid to acquire Gold Road, but the board of Gold Road has rejected the cash offer and instead wants to acquire the 50%...

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We’re Back. And so are Mega Deals

: Rumors of a potential merger between mining giants Glencore and Rio Tinto have sparked interest in the industry, with potential implications for...

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