Rio Tinto Alcan wraps up sale of stake in Chinese venture

The aluminium branch of diversified miner Rio Tinto, Rio Tinto Alcan, has sold its 50% stake in the Alcan Ningxia aluminium joint-venture (JV) in China for $125-million. The miner announced on Monday that it had sold its stake in the 160 000 t/y...

Rio Tinto Alcan announces further 6% cut in output

Diversified miner Rio Tinto will reduce aluminium production from its Alcan unit by another 6% and cut about 1 100 jobs, in a move to conserve cash in light of falling prices and demand. “Our goal is to align production with customer demand and...

Jacynthe Côté will replace retiring Evans as Alcan chief

Diversified miner Rio Tinto has named Jacynthe Côté as CEO of its Alcan aluminium unit, replacing Dick Evans who will retire on April 20. Côté is currently president and CEO of Rio Tinto Alcan's primary metal division.

Rio Tinto commits another $300m to BC smelter upgrade

Diversified-miner Rio Tinto will spend an additional $300-million to expand and modernise its Kitimat aluminium smelter, in British Columbia, Canada, the group announced on Wednesday. Rio Tinto has now committed more than $500-million to increase...

Rio Tinto pours first metal at Oman aluminium smelter

The Sohar aluminium smelter, in Sohar, Oman, has poured its first metal and is expected to reach full production, at an initial 360 000 t/y, in December, diversified miner Rio Tinto said on Thursday.

Daily podcast – May 30, 2008

In today's podcast: Eskom CEO Jacob Maroga said that the power utility spends R23-million every working hour, Sasol announces the names of 50 BEE groups to participate in its Inzalo empowerment transaction, and Rio Tinto Alcan says it expects...

Rio confirms SA aluminium smelter delayed to 2012

Aluminium producer Rio Tinto Alcan on Thursday indicated that it expected its Coega aluminium smelter to only come on line in 2012. Rio Tinto Alcan Aluminium CEO Dick Evans said that South Africa's power constraints meant that the...

Rio Tinto in talks with govt to review terms, timing of SA smelter

Diversified miner Rio Tinto is in discussions with the South African government to review the timing of its planned aluminium smelter at Coega, in the Eastern Cape, in light of the country's power shortage, the company said on Thursday. South...

Aluminium unit's earnings expected to gain momentum in '08 - Rio Tinto

Diversified miner Rio Tinto on Tuesday said that the pro forma figures for Rio Tinto Alcan showed that the aluminium division was the company's third major pillar of group earnings along with iron-ore and copper. Rio Tinto, which is...

Rio Tinto outlines growth prospects in BHP takeover defence

The proposed integration of two of the world's biggest mining groups' assets would benefit BHP Billiton significantly more than it would Rio Tinto, and the potential synergies between the two were dwarfed by London-based Rio Tinto's...

Rio, Alcan name post-merger management team

International mining group Rio Tinto and aluminium producer Alcan have named the executive management team to run the combined aluminium group, Rio Tinto Alcan, once the acquisition of Alcan by Rio Tinto has been completed.

Rio Tinto agrees to buy Alcan for $38bn

Anglo-Australian miner Rio Tinto Ltd/Plc has agreed to buy Canadian aluminium company Alcan Inc. for $38,1-billion, in a bid to create the world's biggest aluminium company.