CAPITAL MARKETS

Rio moves past 90%

RIO Tinto has moved past the 90% threshold in its bid to take control of North.

James Hamilton

Rio filed a further Substantial Shareholder Notice with the Australian Stock Exchange this morning saying that it had 679,466,221 ordinary shares, or 91.48% of the company.

The multinational miner says it has now satisfied the requirements for compulsory acquisition under 661A of the Corporations Law and intends to issue compulsory acquisition notices as soon as possible.

Rio Tinto’s $4.75 per share offer is due to close on Monday, August 28.

 

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.