Rio Tinto secures $1.175 billion financing for Argentina lithium project
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Rio Tinto secures $1.175 billion financing package for Rincon lithium project in Argentina
March 10, 2026 2:02 PM EDTNEW YORK--(BUSINESS WIRE)-- Rio Tinto has secured a $1.175 billion financing package from four international lenders to support development of the Rincon lithium project in Argentinas Salta Province.
The package comprises loans from the International Finance Corporation (IFC), IDB Invest, Export Finance Australia (EFA) and the Japan Bank for International Cooperation (JBIC).
The 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.
Construction of the plant started last year including camp expansion works and development of site infrastructure. First... More
