Rio Tinto to Look at Investment Options for Bell Bay Aluminum Smelter
21 February 2022 - 11:08AM
Dow Jones News
By Rhiannon Hoyle
Rio Tinto PLC on Monday said it will look at options for
investment in its Bell Bay Aluminium smelter in Australia's
Tasmania state, as it signed a new partnership agreement with the
government there.
Rio Tinto and Tasmania's government will, under the memorandum
of understanding, jointly assess how the smelter's manufacturing
capability and electricity demand can support new industries and
more renewable energy supply in the Tamar Valley region, the
company said in a statement.
"Rio Tinto has also committed to look at how it could further
decarbonize Bell Bay Aluminium and investigate options for future
investment to secure the competitiveness of the smelter," the
company said.
The world's No. 2 mining company by market value views aluminum,
a lightweight material used heavily in renewable energy
infrastructure, as critical to the global transition to a
low-carbon economy.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
February 20, 2022 18:53 ET (23:53 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Rio Tinto (ASX:RIO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rio Tinto (ASX:RIO)
Historical Stock Chart
From Apr 2023 to Apr 2024
