Rio Tinto considers aluminium sale

Rio Tinto is looking into selling off its Pacific Aluminium business, it has been reported.

Molten metal is poured in a foundry

Rio Tinto is looking into selling off its Pacific Aluminium business, it has been reported. (AAP)

Rio Tinto is reportedly again looking to sell off its Pacific Aluminium business.

The Australian Financial Review reports the mining giant has appointed investment bank Credit Suisse to find a buyer for the division, which owns smelters in Australia and New Zealand.

Rio Tinto abandoned plans to sell the aluminium division in 2013, which was acquired as part of its disastrous $US38 billion takeover of Alcan in 2007, due to weak demand for aluminium assets at the time.


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Source: AAP

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Rio Tinto considers aluminium sale | SBS News