Tradingcharts.com
Rio Tinto Alcan CEO focusses on Alumina and Bauxite to help cut production costs
Edited by : AL CIRCLE
1 min read
Rio Tinto Alcan, one of five operating groups operated by Rio Tinto PLC, is focusing its investment and development on bauxite and alumina, Jacynthe Cote, chief executive of Rio Tinto Alcan, said Tuesday at the American Metal Market Aluminum Summit.
"Remember that it all starts with bauxite and electricity," Ms. Cote said of aluminum production. She added that Rio Tinto Alcan is investing the most, among primary aluminum producers, into both bauxite and alumina production and assets. While some of Rio Tinto Alcan's customers may be better at making aluminum, these customers appreciate the company's efforts into expanding raw material supply, she said.
The mining and production company is repositioning itself to focus more on bauxite and alumina to help cut its production costs for aluminum.
"We think that will offer some upside going forward," Ms. Cote said.
The company is also focusing on using more hydroelectric and nuclear power to cut electricity costs.
The shifts will give Rio Tinto Alcan "the lowest carbon footprint in the industry," she said.
"Remember that it all starts with bauxite and electricity," Ms. Cote said of aluminum production. She added that Rio Tinto Alcan is investing the most, among primary aluminum producers, into both bauxite and alumina production and assets. While some of Rio Tinto Alcan's customers may be better at making aluminum, these customers appreciate the company's efforts into expanding raw material supply, she said.
The mining and production company is repositioning itself to focus more on bauxite and alumina to help cut its production costs for aluminum.
"We think that will offer some upside going forward," Ms. Cote said.
The company is also focusing on using more hydroelectric and nuclear power to cut electricity costs.
The shifts will give Rio Tinto Alcan "the lowest carbon footprint in the industry," she said.
Previous article
Australian Bauxite gets result from drilling in Binjour Bauxite Project
Next articleSouth African Oligarch proves to be a threat to Oleg Deripaska in Guinea
Grow with
AL Circle
