Rio Tinto will sell aluminium assets in cost-cutting drive

Oct 17, 2011 | 04:56 AM |

Rio Tinto Alcan will sell 13 aluminium facilities as its cost-cutting focus turns to assets not central to the company’s strategy, it said on Monday. Mines, smelters, alumina refineries and power stations in Australia, New Zealand, the USA and Europe will be sold so Rio can “concentrate on its strategy to grow the value of its high-quality, tier-one assets and improve the product group's financial performance”, it said. The 13 assets account for....

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