{"id":234554,"date":"2023-07-26T19:40:17","date_gmt":"2023-07-26T11:40:17","guid":{"rendered":"https:\/\/charltonsnaturalresources.com\/?p=234554"},"modified":"2023-07-26T19:40:23","modified_gmt":"2023-07-26T11:40:23","slug":"rio-tinto-to-review-the-cost-estimate-of-rincon-lithium-project-due-to-escalating-costs","status":"publish","type":"post","link":"https:\/\/charltonsnaturalresources.com\/en\/rio-tinto-to-review-the-cost-estimate-of-rincon-lithium-project-due-to-escalating-costs\/","title":{"rendered":"RIO Tinto To Review The Cost Estimate Of Rincon Lithium Project DUE To Escalating Costs"},"content":{"rendered":"[et_pb_section fb_built=”1″ admin_label=”CNR NEWSLETTER” module_class=”cnl-wrapper” _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_row admin_label=”Header” module_class=”cnr-nl-header” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Header” _builder_version=”4.16″ global_colors_info=”{}”]
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\nJuly 2023<\/span>\n

RIO Tinto To Review The Cost Estimate Of Rincon Lithium Project DUE To Escalating Costs<\/h1>\n\n<\/div>\n\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Text” _builder_version=”4.16″ _module_preset=”default” width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

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The world\u2019s second-largest miner, Rio Tinto, indicates a potential review of the $140 million cost estimate and timeline for its Rincon lithium project in Argentina due to escalating costs. Rincon holds reserves of nearly 2 million tonnes of contained lithium carbonate equivalent, projected to provide a 40-year mine life. The asset plays a pivotal role in Rio Tinto\u2019s plan to meet the growing demand for lithium, expected to rise 25-35% yearly over the next decade. However, committed lithium supply and capacity expansions are anticipated to cover only 15% of this demand growth over the 2020-2050 period. <\/p>\n\n

Source: https:\/\/www.mining.com\/rio-tinto-flags-cost-hike-at-argentina-lithium-project\/<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Button Navs” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”navs” _builder_version=”4.16″ global_colors_info=”{}”]

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NATURAL RESOURCES News July 2023 RIO Tinto To Review The Cost Estimate Of Rincon Lithium Project DUE To Escalating Costs   The world\u2019s second-largest miner, Rio Tinto, indicates a potential review of the $140 million cost estimate and timeline for its Rincon lithium project in Argentina due to escalating costs. Rincon holds reserves of nearly 2 million tonnes of contained lithium carbonate equivalent, projected to provide a 40-year mine life. […]<\/p>\n","protected":false},"author":9,"featured_media":234560,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"fifu_image_url":"https:\/\/charltonsnaturalresources.com\/legal\/news\/2023\/07\/rio-tinto-to-review-the-cost-estimate-of-rincon-lithium-project-due-to-escalating-costs.jpg","fifu_image_alt":"TATA Group To Invest $5.2 Billion To Build EV Battery Plant In The UK","footnotes":""},"categories":[23],"tags":[46],"class_list":["post-234554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-https-charltonsnaturalresources-com-legal-news-2021-08-mineralised-zones-found-in-botswana-thumb-jpg","cat-23-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/234554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/comments?post=234554"}],"version-history":[{"count":3,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/234554\/revisions"}],"predecessor-version":[{"id":234559,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/234554\/revisions\/234559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media\/234560"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media?parent=234554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/categories?post=234554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/tags?post=234554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}