January 30, 2015 8:31 AM ET

Metals and Mining

Company Overview of Rio Tinto Alcan Inc.

Company Overview

Rio Tinto Alcan Inc. finds, 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...

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: 48
Chief Financial Officer
Age: 50
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 2014.

Rio Tinto Alcan Inc. Key Developments

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.

Rio Tinto Alcan to Invest $4.5 Million to Install a New Small Foundry Ingot Casting Unit

Rio Tinto Alcan will invest $4.5 million in the Saguenay Lac-Saint-Jean region to install a new small foundry ingot casting unit. This investment will allow Rio Tinto Alcan to better serve key North American markets where demand for aluminium has been strong - particularly from the transport and automotive sectors. This investment will add 45,000 tonnes of value-added small ingot casting capacity. The collaboration between Rio Tinto Alcan's sales and marketing team, employees and partners will help contribute to the success and development of this new product for its customers and draw from their technical expertise and strong supply network. The new small foundry ingot unit will create 14 jobs. Construction work and other preparations for the new unit are underway, and first production is expected by the third quarter of 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 3, 2014
Hydro Husnes
 

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