

(Posted on 15/11/18)
Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to LNG Canada for a consideration of $576 million.
LNG Canada, a joint venture comprising Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS entered into an Option Agreement with Rio Tinto in 2014 for various options to lease or purchase the wharf and areas of land.
Rio Tinto Chief financial officer Jakob Stausholm said "This sale demonstrates our ability to generate cash from an existing asset, without losing future cash flow, as we continue to drive value across our entire portfolio.”
LNG Canada will construct a replacement wharf for Rio Tinto to export shipments of aluminium from the BC Works smelter.
Rio Tinto has released its 2020 Taxes paid. The company’s economic contribution report, which... Read more
En+ Group, the world’s leading producer of low-carbon aluminium and independent hydropower, has... Read more
The International Fertilizer Association (IFA) and agri benchmark Cash Crop have announced the start... Read more
Rusal, a leading global aluminium producer, invested over USD1bn in environmental projects between 2011... Read more
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel... Read more
International mining and metals company Rio Tinto and renewable energy technology company Heliogen has... Read more
The USA’s National Grain and Feed Association (NGFA) has urged lawmakers to prioritise improvements... Read more
British Steel has announced that it is investing £100m this year to support the next stage of... Read more
Rusal, a leading global aluminium producer, has announced its results for the year ended 31 December... Read more
En+ Group, the world’s largest producer of low carbon aluminium and independent hydropower, has... Read more