Rio Tinto Alcan selling China venture
Dec 31, 2008 | 09:53 AM
| Tom Jennemann
Rio Tinto Plc, London, has reached an agreement to sell its 50-percent stake in a Chinese aluminum smelter, a company spokesman confirmed Tuesday.
"Rio Tinto confirms that it has entered into an agreement to sell its 50-percent interest in an aluminium smelting joint venture in the Ningxia Province of China to one of its partners in that joint venture, Qingtongxia Aluminum Co.," a spokesman for Rio Tinto Alcan said, adding that the transaction is expected to be completed in the first quarter of 2009, pending certain....
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