12th Jun 2023 14:29
Rio Tinto PLC - Anglo-Australian mining and metals company - Will invest USD1.1 billion to expand its AP60 aluminium smelter at Complexe Jonquiere in Canada. Says total investment includes up to USD113 million of financial support from the Quebec government. Says project will generate up to 1,000 jobs during the peak of construction and approximately 100 permanent jobs as a result of the expansion.
Chief Executive Officer Jakob Stausholm says: "This is the most significant investment in our aluminium business for more than a decade and it will further strengthen Rio Tinto's high-quality and low-carbon offering to our customers as they also work to reduce their own carbon footprint.
Current stock price: 5,057.00 pence, down 1.3%
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By Sabrina Penty, Alliance News reporter
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