Rio Tinto

Pacific Aluminium Blames High Power Prices And Low Aluminium Prices For Losses at Tiwai Point

Pacific Aluminium Blames High Power Prices And Low Aluminium Prices For Losses at Tiwai Point

Citing price instability and the rising cost of electrical power to the plant, the operators of New Zealand’s Tiwai Point reported a loss of NZ$46 million in 2019. For the full year of 2019, Pacific Aluminium logged a loss of NZ$313 million,...

Events

Workers Trickle Back To Aluminerie de Bécancour As 17-Month Lockout Ends

Aluminerie de Bécancour’s (ABI) unionized workforce began making its way back into the plant on Friday, marking the end of one of Quebec’s longest lockouts. United Steelworkers members are returning to the plant thanks to a vote earlier this month to accept what Alcoa characterized as a final offer. The plant’s 900-strong union workers voted […]

Is Rio Tinto’s ISAL smelter a bargain or a smart investment?

At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden and the Netherlands, priced at up to US$ 350 million, news agencies reported earlier this month. A source cited by Reuters mentioned that Liberty House is also interested in these […]