Rio Tinto (LON:RIO) has been informed by Hydro that it has withdrawn its offer to acquire the ISAL smelter in Iceland, its 53.3 per cent share in the Aluchemie anode plant in the Netherlands and its 50 per cent share in the Aluminium fluoride plant in Sweden, announced on 26 February 2018. Following initial feedback from the European Commission (EC), Hydro has withdrawn its EC merger filing and terminated the transaction.
Rio Tinto Hydro terminates offer
- Written by: Charlotte Edwards
Latest Company News
Rio Tinto has named Trudi Charles as Chief Legal Officer, Governance & Corporate Affairs, succeeding Isabelle Deschamps. Charles joins from BP plc and will take up the role on 1 August 2026.
Rio Tinto kept its 2026 production guidance unchanged after reporting higher copper, iron ore and alumina output in the first quarter, despite weather-related disruption to Pilbara shipments and lower bauxite production.
Rio Tinto, the Queensland Government and the Commonwealth Government will invest to keep the Boyne aluminium smelter operating beyond 2029, supporting jobs, renewable energy supply and long-term competitiveness through to at least 2040.
Rio Tinto PLC reported a 9% increase in underlying EBITDA to $25.4 billion for 2025, supported by an 8% rise in copper equivalent production and record iron ore output from Pilbara.
Isabelle Deschamps will depart Rio Tinto in 2026 after serving as Chief Legal, Governance & Corporate Affairs Officer since 2021. The company said she will stay through at least mid-2026 to support leadership transition planning.
Rio Tinto delivered strong fourth quarter and full year 2025 production results, with copper equivalent output up 8% year-on-year.
