Rio Tinto Sell Alcan Aluminum Project Product Asset, Focus on Upstream Business

Monteal—Rio Tinto said on Monday that Rio Tinto plan to sell Alcan aluminum project products to save cost, but that move may affect Alcan’s operation. Rio Tinto said after the purchase, it plan to sell half of the asset, valued 30 billion dollars. When Alcan’s packing industry pass identity, it needs to sell 10-15 billion of its assets. CEO of Alcan Dick Evans said “that’s only a part of ALcan’s asset.” It also said through the purchase of Alcan, it may achieve 940 million year integrity fund. One-third higher than expected.