8th Jul 2015 06:15
LONDON (Alliance News) - Rio Tinto PLC on Wednesday said it is in the process of preparing its first shipments of metal from its Kitimate aluminium smelter in Canada following modernisation work carried out on the facility.
The FTSE 100-listed miner said the modernisation work on the smelter will increase its production capacity by 48% and will result in it becoming one of the lowest-cost smelters in the world.
The company is now focusing on ramping up production towards it target annual rate of 420,000 tonnes.
"The modernisation of Kitimat will fundamentally transform its performance, moving it from the fourth quartile to the first decile of the industry cost curve. At full production, Kitimat will be one of the most efficient, greenest and lowest-cost smelters in the world," said Alf Barrios, the chief executive of Rio Tinto's aluminium business.
By Sam Unsted; [email protected]; @SamUAtAlliance
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