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Bevan steps down as Alumina chief

By: Esmarie Swanepoel ASX-listed Alumina CEO John Bevan has announced that he would retire from the company at the end of the year. Bevan, who was appointed to the role of CEO prior to the global financial crisis, would be replaced by current company director Peter Wasow. 

Rio Tinto completes divestment of Alcan Packaging unit

By: Esmarie Swanepoel Diversified resources group Rio Tinto has completed the divestment of its Alcan Packaging business with the sale of its two outstanding assets. The Medical Flexibles unit was acquired by packaging specialist Amcor for $66-million, while the Alcan Beauty Packaging unit was sold for an undisclosed... 

Company Announcement: Rio Tinto completes Alcan Packaging divestment with closing of Alcan Beauty Packaging and Medical Flexibles transactions

Attached please find a press release on: Rio Tinto has finished the divestment of its Alcan Packaging business with the completion of sales of its two outstanding assets. Medical Flexibles has been acquired by Amcor for US$66 million and Alcan Beauty Packaging has been acquired by Sun European... 

Rio Tinto receives binding offer for Alcan Beauty unit

By: Esmarie Swanepoel Mining giant Rio Tinto has received a binding offer from Sun European Partners to acquire the Alcan Beauty Packaging business. The company had agreed a period of exclusivity with Sun European Partners and said that it would respond to the binding offer after consultation with the relevant... 

Rio Tinto sells part of Alcan Packaging for $1,95bn

By: Esmarie Swanepoel Diversified mining giant Rio Tinto on Tuesday reported that it had completed the sale of part of its Alcan Packaging business to Australia’s Amcor for $1,95-billion. The company sold the pharmaceuticals, global tobacco, food Europe and food Asia divisions. 

Rio Tinto completes sale of Jacobs Ranch to Arch Coal

By: Liezel Hill Diversified resources giant Rio Tinto has sold its Jacobs Ranch coal mine to Arch Coal for $764-million, the group reported on Thursday. Rio, which is sellling noncore assets to pay down debt, agreed in March to sell the mine for $761-million in cash, but the price was adjusted to reflect the... 

Rio Tinto sells part of Alcan to Switzerland’s Schweiter

By: Chanel de Bruyn Diversified miner Rio Tinto has sold its Alcan Composites business, which was part of its Alcan Engineered Products division, to Swiss textile and semiconductor machinery manufacturer, Schweiter Technologies, for $349-million. The transaction was expected to close by the end of the year, the... 

Rio sells 56% of Alcan cable unit

By: Liezel Hill Resources giant Rio Tinto has agreed to sell a 56% stake in its Alcan Engineered Products' Cable division to Los Angeles-based Platinum Equity, the group revealed on Monday. The terms of the sale are confidential, and the deal is expected to close in “several weeks”, Rio said. 

Rio Tinto gets approval to sell Brazil iron-ore mine to Vale

By: Esmarie Swanepoel The Brazilian National Defence Council has approved the pending sale of diversified miner Rio Tinto’s Corumbá mine to iron-ore giant Vale. In January, Rio Tinto entered into an agreement with Vale to sell its Corumbá iron-ore mine and the associated river logistics operations in Paraguay; the... 

Rio gets US clearance for Jacobs Ranch sale to Arch Coal

By: Liezel Hill The US Federal Trade Commission has cleared Rio Tinto's sale of its Jacobs Ranch coal mine to Arch Coal, the diversified miner announced on Friday. Rio, which is sellling noncore assets to pay down debt, agreed in March to sell the mine for $761-million in cash.  

Rio has binding $2,03bn offer for Alcan packaging units

By: Liezel Hill Australia's Amcor has offered to buy the majority of Rio Tinto Alcan's packaging businesses for $2,03-billion, in a transaction that would help Rio cut more debt and boost Amcor earnings. The sale is part of a plan by Rio to ease its debt level, after the group bought Canadian aluminium group... 

MW Profile Aug 15 - Lyttelton Dolomite, South Africa

Name: Lyttelton dolomite-mine. 

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