Company name
Rincon Mining Pty Limited – Argentina Branch
Project number
15258-01
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Argentina
Sector
Manufacturing
Status
Proposed
Disclosed date
10/09/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/09/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
Rio Tinto plc
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 100,000,000
Currency
USD
Project scope and objective
The Project entails developing, constructing, and operating the greenfield Salar del Rincon battery-grade lithium project located on the Salar del Rincon in Salta Province, Argentina (the “Project” or “Rincon”). Rincon is expected to produce ~up to 53 thousand tonnes per year (ktpa) of battery-grade Lithium Carbonate Equivalent (LCE) over its 40-year mine.
The Project will include wellfields and a brine distribution system, a spent brine disposal facility, a processing complex, filtered waste storage facilities, power transmission lines (two 23 km, 33 kV lines), and ancillary infrastructure.
The Project cost is estimated at ~US$2.5 billion. It will be financed using a combination of debt and equity. The proposed IDB Invest investment comprises an A Loan of up to US$100 million, and the remaining debt requirements will be financed through parallel loans
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Contact information
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Client Contact
PHONE NUMBER
+61 04 57527906
POST OFFICE ADDRESS
Olga Cossettini 1071, CABA, Argentina
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
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Early disclosure
RINCON - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
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