Rio Tinto PLC - Anglo-Australian mining and metals company - Will invest $1.1 billion to expand its AP60 aluminium smelter at Complexe Jonquiere in Canada. Says total investment includes up to $113 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%
12-month change: down 9.4%
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