The general manager of a state-owned Chinese aluminum producer that is in the midst of a $19.5 billion deal to invest in global miner Rio Tinto Group has been named to a Cabinet post. For full story, click here
Aluminum producer’s cutbacks have done little to stabilize the metal’s free fall. In London, the price of aluminum fell to $1,321 per tonne from $1,345. In New York, it was selling for 59 cents per pound. Six months ago, the metal’s going rate was $1.50 per pound.
Rio Tinto Alcan said plans to cut another six percent of aluminium output and will also cut alumina production, shed 1,100 employees to cut costs. For full story, click here
Rio Tinto Alcan has cut production at its aluminium smelters in France. For full story, click here
Rio Tinto’s global spending cuts and layoffs likely mean delays for aluminium smelter projects in Canada. For full story, click here
National Aluminium Company Ltd has signed a strategic alliance agreement with Rio Tinto Alcan, a Canadian company and global supplier of bauxite, alumina and aluminum, for increasing its presence in India and abroad. For full story, click here
If BHP Billiton versus Rio Tinto had been a boxing match, it would have got top billing. BHP’s Marius Kloppers and Rio’s Tom Albanese are heavyweight titans of mining. For full story, click here
National Aluminium Company Ltd has signed a strategic alliance agreement with Rio Tinto Alcan, a Canadian company and global supplier of bauxite, alumina and aluminum, for increasing its presence in India and abroad. For full story, click here
Rio Tinto Alcan has signed an agreement to help secure workers for constructing a proposed $2.5-billion aluminum smelter in northwestern British Columbia. Wayne Peppard, executive director of the British Columbia and Yukon Building and Construction Trades Council, said: What they’re concerned about mainly is the first access to the skilled trades. For more information, click here For [...]
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