19 JULY 2013Aluminium International Today
Rio Tinto’s aluminium production up by 7% in H1, 2013
Edited by : AL CIRCLE
1 min read
Despite landslides, equipment breakdown and wet weather, London-based mining giant Rio Tinto has been blessed with good news in the shape of increased output, not only from iron ore, but also aluminium in H1 2013.
According to CEO Sam Walsh, who took over from Tom Albanese at the beginning of the year, the company's iron ore operations continue to be impressive and, surprise, surprise, aluminium production is showing promise too.
The company's H1 2013 production figures for aluminium are up 7% when compared with last year.
Rio Tinto plans to strip out $5 billion of costs from the global business by the end of 2014 – and this includes selling off (or parting company with) aluminium assets in Australia and New Zealand, badged as Pacific Aluminium.
According to CEO Sam Walsh, who took over from Tom Albanese at the beginning of the year, the company's iron ore operations continue to be impressive and, surprise, surprise, aluminium production is showing promise too.
The company's H1 2013 production figures for aluminium are up 7% when compared with last year.
Rio Tinto plans to strip out $5 billion of costs from the global business by the end of 2014 – and this includes selling off (or parting company with) aluminium assets in Australia and New Zealand, badged as Pacific Aluminium.
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