ALUMINIUM INTERNATIONAL TODAY
Arabal: RTA to focus on Tier 1 businesses
Edited by : AL CIRCLE
1 min read
Rio Tinto Alcan will concentrate on its Tier 1 assets to make them resilient to the global economic uncertainty, its chief executive Jacynthe Cote said.
In the keynote presentation, Ms Cote told delegates at the 15th Arabal conference, held in Muscat, Oman, the company was streamlining six of its Australian and New Zealand assets while seven of its European businesses were under threat.
The decision to divest some of its assets are part of a plan for growth which would see the company focus on its core activities.
Ms Cote said these core activities included its bauxite and alumina assets.
The company will expand some of these assets including doubling the tonnage capacity at its Yarwun alumina refinery, Queensland, Australia, expanding its Weipa bauxite mine, Quensland to 50Mt/y, which Ms Cote said would ensure better quality bauxite for China.
In the keynote presentation, Ms Cote told delegates at the 15th Arabal conference, held in Muscat, Oman, the company was streamlining six of its Australian and New Zealand assets while seven of its European businesses were under threat.
The decision to divest some of its assets are part of a plan for growth which would see the company focus on its core activities.
Ms Cote said these core activities included its bauxite and alumina assets.
The company will expand some of these assets including doubling the tonnage capacity at its Yarwun alumina refinery, Queensland, Australia, expanding its Weipa bauxite mine, Quensland to 50Mt/y, which Ms Cote said would ensure better quality bauxite for China.
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