For many months, Rio Tinto Alcan has been working with the French government, employee representatives and the community to secure the future of it's Saint-Jean-de-Maurienne smelter.
Rio Tinto Alcan has set up a stringent search process to find a buyer with a business model that is a good match for the smelter. There have been several conditional offers for the plant, the details of which are being evaluated.
"The process is going well, but as in the case of all smelters approaching the end of their energy contract, it is crucial for these potential buyers to reach an agreement on a power supply contract competitive enough for the plant to be profitable in the long term," said Arnaud Soirat, Director of Operations, Rio Tinto Alcan, Primary Metal Europe, Middle East and Africa.
Rio Tinto Alcan is appreciative of the constructive dialogue currently taking place with the Ministry for Industrial Recovery and is doing everything it can to achieve at the best solution for the smelter.
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) 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.
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