SOREL-TRACY, QC, May 26, 2011 /CNW Telbec/ - Rio Tinto, Fer et Titane
(RTFT), a wholly-owned subsidiary of the Rio Tinto Group, has set out
its vision to extend the life of its Lac Tio ilmenite mine in
Havre-Saint-Pierre and modernise its Sorel-Tracy metallurgical complex.
Known as TiO2050, this plan includes expanding mining operations from five to seven days
a week, which is expected to create 70 new jobs in Havre-Saint-Pierre,
and extending the life of the mine until 2050. RTFT will continue to
upgrade equipment and systems in Sorel-Tracy to achieve improved
efficiency and better environmental performance, including a 60 per
cent reduction in sulphur dioxide emissions. RTFT expects to invest
CAD$800 million over the next five years in sustaining and improving
its Quebec operations.
Dominique Bouchard, president of Rio Tinto, Fer et Titane, said "This is
an important milestone in bringing this world-class resource to its
full potential and continuing to deliver benefits to the people of
Quebec. We consulted a wide range of stakeholders before setting out
our plans, and will continue to engage with employees, unions,
communities, customers and governments as the project proceeds."
TiO2050 is aligned with Quebec's Northern Plan, a 25-year social, environmental
and economic development project. The plan calls for a government
investment of more than CAD$2.1 billion over the next five years to
provide access to the territory and support the training and
development of a skilled local workforce - all with the ultimate goal
of improving quality of life in communities and strengthening the
economy across all the regions of Quebec.
Rio Tinto, Fer et Titane, has operated in Quebec for more than 60 years
and is a world leader in producing high quality titanium dioxide
feedstock, cast iron, steel and metal powders. The business is part of
Rio Tinto Iron & Titanium (RTIT), which supplies approximately 19 per
cent of global demand from its operations in Quebec, South Africa and
Titanium dioxide is used to produce white pigment for the paint,
plastics and paper sectors. Demand growth for higher grade feedstock is
driven by urbanisation trends and infrastructure development in mature
markets and, increasingly, in China and other emerging economies.
RTIT's production increased 21 per cent in 2010 compared to 2009.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio
Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral
resources. Major products are aluminium, copper, diamonds, energy (coal
and uranium), gold, industrial minerals (borax, titanium dioxide, salt,
talc) and iron ore. Activities span the world but are strongly
represented in Australia and North America with significant businesses
in South America, Asia, Europe and southern Africa.
SOURCE RIO TINTO PLC
For further information:
| Media Relations, Rio Tinto, Fer et Titane |
Office: +1 450 746 3074
| Media Relations, Canada |
Office: +1 514 848 8151
Mobile: +1 514 825 8319
| Media Relations, Americas |
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003
| Investor Relations, North America |
Office: +1 (0) 801 204 2919
Mobile: +1 (0) 801 558 2645
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| Media Relations, Australia / Asia |
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 0419 850 205
| Websites: www.riotinto.com www.qit.com |