Rio Tinto Completes Construction on A$2.4 Billion Yarwun Expansion

Date : 07/01/2012 @ 10:41PM
Source : Dow Jones News
Stock : Rio Tinto (RIO)
Quote : 48.37  0.24 (0.50%) @ 4:18PM

Rio Tinto Completes Construction on A$2.4 Billion Yarwun Expansion

Rio Tinto (NYSE:RIO)
Historical Stock Chart

5 Years : From Oct 2012 to Oct 2017

Click Here for more Rio Tinto  Charts.
   By Robb M. Stewart 
 

MELBOURNE--Rio Tinto PLC (RIO) said Monday it had completed construction on the 2.4 billion Australian dollar (US$2.45 billion) expansion of its Yarwun alumina refinery in eastern Australia, and has begun the process of ramping up to full production next year.

"The Yarwun expansion project will more than double production at the refinery to 3.4 million [metric] tons of alumina per year, making Rio Tinto Alcan the world's leading bauxite and alumina producer," said Armando Torres, chief operating officer for bauxite and alumina at Rio's Alcan aluminum division.

Mr. Torres said the focus for the remainder of the year would be to bring the expanded plant safely into stable operation and gradually increase its production capacity.

The Yarwun plant, located 10 kilometers northwest of Gladstone in central Queensland state, began refining bauxite into alumina in 2004.

Write to Robb M. Stewart at robb.stewart@wsj.com

Latest RIO Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.