Rio Tinto Alcan and Kitimat aluminium workers' union reach a tentative agreement

"We are pleased to have reached a tentative agreement with the union representatives at our Kitimat aluminium smelter and powerhouse operations in Kemano - one that is in the best interests of our workforce and reflects Rio Tinto Alcan's long-term strategy and commitment to British Columbia," said Etienne Jacques, chief operating officer, Rio Tinto Alcan Primary Metal, North America. "This agreement will enable us to complete an efficient transition from the actual smelter to the new one and ensure our long term competitiveness. This is an important achievement, as we gear up for the transformational Kitimat modernisation project".
The Kitimat smelter produced 168,000 tonnes in 2011. The smelter modernisation project which will increase capacity to 420,000 tonnes per year is still ongoing.
LME aluminum is expected to hover within USD 1,850-1,890/mt: SMM Morning Review
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