Drill and Deal

Deals / Rio Tinto – Codelco’s Salar de Maricunga project, 49.99%

Lithium · announced 19 May 2025 · pending

Rio Tinto – Codelco’s Salar de Maricunga project, 49.99%

A major earns half of a state company’s project by paying for its studies and construction.

Acquirer
Rio Tinto
Target
Codelco’s Salar de Maricunga project, 49.99%
Announced
Metal
Lithium
Announced value
up to $900m
Structure
Earn-in, funding studies and construction
Status
Pending