We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Plc | NYSE:RIO | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.51 | 0.75% | 68.79 | 69.12 | 68.42 | 68.96 | 3,193,760 | 01:00:00 |
From May 2019 to May 2024
By Adria Calatayud
Rio Tinto PLC said Wednesday that it will review strategic options, including the possibility of a closure, for its ISAL smelter in Iceland, which is expected to remain unprofitable in the short-to-medium term.
"The strategic review will consider all options including curtailment and closure, and will be complete in the first half of 2020," Rio Tinto aluminum chief executive Alf Barrios said.
The review aims to determine the operation's viability and explore options to improve its competitive position, the mining giant said.
The smelter's uncompetitive energy costs, historically low aluminum prices, and challenging conditions facing the aluminum industry mean it is expected to remain unprofitable, the company said.
Rio Tinto said it will continue discussions with the Icelandic government and power provider Landsvirkjun on how the smelter can return to profitability and become competitive.
Rio Tinto shares in London at 0807 GMT were up 0.5% at 4,172.50 pence.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
February 12, 2020 03:27 ET (08:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Rio Tinto Chart |
1 Month Rio Tinto Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
