{"id":116833,"date":"2026-09-03T16:34:47","date_gmt":"2026-09-03T16:34:47","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/116833\/"},"modified":"2026-09-03T16:34:47","modified_gmt":"2026-09-03T16:34:47","slug":"rio-tinto-secures-1-175-billion-financing-package-for-rincon-lithium-project-in-argentina","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/116833\/","title":{"rendered":"Rio Tinto secures $1.175 billion financing package for Rincon lithium project in Argentina"},"content":{"rendered":"<p xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\">NEW YORK&#8211;(<a href=\"https:\/\/www.businesswire.com\" target=\"_blank\" rel=\"nofollow noopener\">BUSINESS WIRE<\/a>)&#8211;Rio Tinto has secured a $1.175 billion financing package from four international lenders to support development of the Rincon lithium project in Argentina\u2019s Salta Province.<\/p>\n<p xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\">\nThe package comprises loans from the International Finance Corporation (IFC), IDB Invest, Export Finance Australia (EFA) and the Japan Bank for International Cooperation (JBIC).<\/p>\n<p xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\">\nThe proceeds will be used to support development of the $2.5 billion Rincon lithium project, which is targeting approximately 60,000 tonnes1 of annual battery grade lithium carbonate capacity.<\/p>\n<p xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\">\nConstruction of the plant started last year including camp expansion works and development of site infrastructure. First production is expected in 2028 with a three-year ramp-up to full capacity. Rincon is expected to have a 40-year mine life.<\/p>\n<p xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\">\nRio Tinto\u2019s Chief Executive Aluminium &amp; Lithium J\u00e9r\u00f4me P\u00e9cresse said: \u201cThis financing package broadens our funding sources for the Rincon project and supports the continued execution of our lithium growth pipeline, which is underpinned by the attractive long-term outlook driven by the energy transition. We appreciate the strong support from IFC, IDB Invest, Export Finance Australia and JBIC as we progress the Rincon project.\u201d<\/p>\n<p xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\">\n\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK&#8211;(BUSINESS WIRE)&#8211;Rio Tinto has secured a $1.175 billion financing package from four international lenders to support development&hellip;\n","protected":false},"author":2,"featured_media":116834,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20718],"tags":[12991],"class_list":["post-116833","post","type-post","status-publish","format-standard","has-post-thumbnail","category-rio-tinto","tag-rio-tinto"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117208083531709088","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/116833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=116833"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/116833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/116834"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=116833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=116833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=116833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}