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August 29, 2015 1:38 PM ET

Metals and Mining

Company Overview of Rio Tinto Alcan Inc.

Company Overview

Rio Tinto Alcan Inc. mines and produces bauxite, alumina, and aluminum. It offers aluminum ingots, including rolling slabs (sheet ingots), extrusion billets, forging stocks, rods, and foundry and remelt ingots, as well as specialty products, such as duralcan and other metal matrix composites; smelter grade alumina for use in the smelting process to produce primary aluminum; anodes and cathodes for use in the electrolysis process by which aluminum is extracted from ore; and AP Technology suite, a power to product aluminum smelting solution. The company sells its products in Canada and export markets internationally. Rio Tinto Alcan Inc. was formerly known as Alcan, Inc. As a result of the acq...

1188, Sherbrooke Street West

Montreal, QC H3A 3G2

Canada

Founded in 1902

64,700 Employees

Phone:

514-848-8000

Fax:

514-848-8115

Key Executives for Rio Tinto Alcan Inc.

Chief Executive Officer and President
Age: 49
Chief Financial Officer
Age: 51
Chief Executive Officer of COEGA Aluminum Smelter Project
Chief Executive Officer of Bauxite & Alumina and President of Bauxite & Alumina
Chief Executive Officer of Primary Metal and President of Primary Metal
Compensation as of Fiscal Year 2015.

Rio Tinto Alcan Inc. Key Developments

Court Sides Against Rio Tinto Alcan in Dispute over the Hydroelectric Dam

The Court of Appeal for British Columbia in Canada has sided against Rio Tinto Alcan Inc. in a dispute over the hydroelectric dam powering the company's Kitimat, British Columbia, aluminum facility. The court ruled April 15 that the Saik'uz and Stellat'en First Nations can pursue claims that Rio Tinto Alcan's diversion of high volumes of water from the Nechako River to its smelter in Kitimat is adversely affecting the river's ecosystem and harming the livelihood of the tribes. Rio Tinto Alcan's usage of the Kenney Dam diverts nearly 80% of the water from the river to help power its Kitimat smelter, according to McDade. This allegedly renders the river's ecosystem unable to support the tribe's fisheries, as salmon and sturgeon are unable to thrive in the high water temperatures caused by the low volume of available water. A lower court initially dismissed the tribe's assertion of Aboriginal rights and allegations that Rio Tinto Alcan's use of the dam was a nuisance violating common law. The appeals court's ruling this week reverses the lower court's decision, allowing the tribes to move for trial. The tribes are seeking an injunction to force Rio Tinto Alcan to release significantly more water back into the river. An injunction, if approved, could potentially hamper the operations of the Kitimat plant, which is undergoing a $3.3-billion modernisation to increase the smelter's production capacity by 48% to 420,000 tonnes.

Rio Tinto Alcan and The Quebec Government Reach Agreement to Extend Arvida Operations in Saguenay Until End of 2020

The Quebec government has reached an agreement in principle with Rio Tinto Alcan that would extend the aluminum producer's remaining Arvida operations in Saguenay until the end of 2020, protecting 1,000 jobs. The agreement gives Rio Tinto Alcan a low preferential electricity price and requires it to sell excess energy to Hydro-Quebec at the same price. The metal company also agreed to increase its annual output by 35,000 tones to 150,000 tones. The deal was announced in the Lac-St-Jean region by Premier Philippe Couillard and Economic Development Minister Jacques Daoust.

Rio Tinto To Sell Its Stake In Aluminum Shelter

Rio Tinto Alcan is planning to sell its shares in an aluminum smelter in Cameroon. Rio Tinto said that it would work with Cameroon's government to find a new investor in Alucam Group. "Rio Tinto Alcan is proud of its long participation in the Alucam Group over several decades. However, the Alucam Group's new business model no longer fits with our strategy," Rio Tinto said late on October 12, 2014. Rio Tinto Alcan and the government both have a 46.67% in Alucam Group.

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