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100% Rio Tinto Alcan (Alcan 2006) Canada Saguenay, Quebec 180 100% Rio Tinto Alcan (Alcan 2006) China Zhengzhou Institute 20 100% Chinalco [8] France Beyrede 28 100% Rio Tinto Alcan (Alcan 2006) France Gardanne 650 100% Rio Tinto Alcan (Alcan 2006), specialty alumina only since 2007 France La Bathie 31 100% Rio Tinto Alcan (Alcan 2006) Germany
Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation (behind BHP). [3] It was founded in 1873 when a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions.
The operating company Boyne Smelters Ltd is majority owned by Rio Tinto (73.50%) with the balance held by a consortium of Japanese participants including YKK Aluminium (9.50%), UACJ Corporation (9.29%) and Southern Cross Aluminium (a joint venture between Sumitomo and Marubeni) (7.71%).
In 2002, Rio Tinto Aluminium earned US$256 million for its shareholder Rio Tinto. In 2006 Rio Tinto Aluminium was the largest receiver of budgetary assistance from the Australian government, Rio Tinto Aluminium had received over $287 million in assistance from Australian tax dollars. RTA owns the Weipa bauxite mine, Yarwun Alumina Refinery, and ...
Chinalco holds a 9% stake in the Anglo-Australian mining company Rio Tinto. [10] Rio Tinto controls large Iron ore reserves in Australia. On June 5, Rio Tinto broke a deal for Chinalco to purchase a larger stake in the company, with support by rival Anglo-Australian mining company BHP. Rio Tinto is expected to pay a US$195 million breaking fee ...
Rio Tinto Alcan (80%) Rusal (20%) Queensland Alumina Limited ( QAL ) is one of the largest alumina refineries by alumina production capacity in the world, [ 1 ] [ 2 ] located in Parsons Point , South Trees , Gladstone, Queensland , Australia.
The Tinto river, after which the company was named, runs rust-colored into the ocean, tinted by minerals. In 1873, the mines were bought by English bidders — who created a consortium for its exploitation — from the government of the First Republic (practically saved from bankruptcy by this sale) for 94,000,000 pesetas.
In June 2013 Rio tried to sell its part because it had too much debt. It valued the share at somewhere in excess of $3.5bn. [13] By 2013 Mitsubishi and Rio Tinto corporations dominated the shareholdings, alongside junior partner LIORC. Rio Tinto is the majority shareholder in the venture, with 58.7% of the joint stock as of October 2013. [1]
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