Rio Tinto is planning to divest its 13 aluminium assets in different countries to allow Rio Tinto Alcan to concentrate on its strategy to grow the value of its tier one assets and improve the group’s financial performance.

The company will transfer its interests in six Australian and New Zealand assets into a new business unit called Pacific Aluminium.

The assets include Gove bauxite mine and alumina refinery, Boyne smelters, Gladstone power station, the Tomago and Bell Bay smelters in Australia and New Zealand aluminium smelters.

The remaining seven assets, which will be managed by Rio Tinto Alcan while it further investigates divestment options, include three specialty alumina plants and the Gardanne refinery in France and Germany.

The assets also include Sebree smelter in the US, and Lynemouth smelter and associated power station in the UK.

Rio Tinto Alcan CEO Jacynthe Cote said that streamlining the product group will allow the firm to concentrate its efforts even more on driving performance improvements and investing in growth.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Â