Rio Tinto Lithium Funding And Mongolian Tax Demands Reframe Risk Reward Balance
Rio Tinto Group (LSE:RIO) has secured major international financing for its Rincon lithium project in Argentina from lenders including IFC, IDB Invest, Export Finance Australia and JBIC. The funding is intended to support construction and ramp up of Rincon, with the aim of supplying the global battery value chain. At the same time, the Mongolian government is increasing pressure on Rio Tinto over the Oyu Tolgoi copper mine, calling for revised commercial terms and warning of higher export...
Rio Tinto Group (LSE:RIO) has secured major international financing for its Rincon lithium project in Argentina from lenders including IFC, IDB Invest, Export Finance Australia and JBIC. The funding is intended to support construction and ramp up of Rincon, with the aim of supplying the global battery value chain. At the same time, the Mongolian government is increasing pressure on Rio Tinto over the Oyu Tolgoi copper mine, calling for revised commercial terms and warning of higher export...