MONTREAL, July 13, 2013 /CNW Telbec/ - Rio Tinto Alcan has received a
binding offer for its St. Jean-de-Maurienne aluminium smelter and
Castelsarrasin casting facility in France from the German aluminium
producer, TRIMET. Rio Tinto Alcan will respond to this offer following
consultation with the relevant works councils. The terms of this
binding offer are confidential and are conditional upon the appropriate
regulatory approvals and completion of an energy and partnership
arrangement with EDF (Électricité de France) followed by a partnership
agreement with the BPI (Banque Publique d'Investissement).
"This is an important step towards the contemplated divestment of the
St. Jean-de-Maurienne and Castelsarrasin assets. It was made possible
through constructive dialogue with both TRIMET and the French
Government, particularly the Ministry of Industrial Renewal," said
Jacynthe Côté, chief executive of Rio Tinto Alcan. "The sale of these
facilities underscores our strategy to streamline Rio Tinto Alcan,
through the divestment of non-core assets, so that it is focussed only
on our lowest cost businesses."
In 2012 the St. Jean-de-Maurienne aluminium smelter produced 93,000
tonnes of primary metal. It employs 480 people.
The Castelsarrasin facility is a casting centre that produces aluminium
wire for mechanical and welding applications. It employs 35 people and
annually produces around 8,000 tonnes of finished product.
TRIMET Aluminium SE is Germany's largest aluminium producer. Founded in
1985, TRIMET employs about 1,900 people that produce, cast, market and
recycle aluminium in 12 sites with an international marketing network.
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, thermal and
metallurgical coal, uranium, gold, industrial minerals (borax, titanium
dioxide and salt) and iron ore. Activities span the world and are
strongly represented in Australia and North America with significant
businesses in Asia, Europe, Africa and South America.
SOURCE: RIO TINTO ALCAN - EN
For further information:
Media relations, Rio Tinto Alcan
Medias relations, Europe, Rio Tinto Alcan
T: + 33 (47) 657-8943