Metal Bulletin
Côté’s new Rio Tinto Alcan will be best for bauxite
Edited by : AL CIRCLE
1 min read
Rioe Tinto Alcan, once it has divested the 13 assets it put up for sale in October, will occupy the “best bauxite position in the industry”, ceo Jacynthe Côté said at Rio’s investor seminar in Sydney on Monday.
The 13 assets include aluminium smelters in Australia, New Zealand, the USA and Europe, accounting for almost 2 million tpy of aluminium production capacity. Combined with planned expansions at its Weipa bauxite mine and Yarwun alumina refinery, the asset sales will give Rio a large long position in alumina and bauxite. “We will be long bauxite and alumina, with tier one growth projects in various stages of development,” Côté said. “We will be well positioned to benefit from compelling Chinese demand and market growth.”
The 13 assets include aluminium smelters in Australia, New Zealand, the USA and Europe, accounting for almost 2 million tpy of aluminium production capacity. Combined with planned expansions at its Weipa bauxite mine and Yarwun alumina refinery, the asset sales will give Rio a large long position in alumina and bauxite. “We will be long bauxite and alumina, with tier one growth projects in various stages of development,” Côté said. “We will be well positioned to benefit from compelling Chinese demand and market growth.”
Previous article
NALCO battling crisis on Bauxite,refinery fronts
Next articleCape Alumina Ltd : Partially Underwritten Share Purchase Plan
Grow with
AL Circle
