The new executive director of Rio Tinto Sam Walsh intends to get rid of ineffective and non -strategic assets worth more than 13 billion US dollars. However, the scale of “cleansing” can become twice as large and increase to $ 26 billion, The Australian writes today.
According to Australian media, Sam Walsh plans to expand the program for selling assets and include all the group aluminum assets in it. In the first place in the list is Pacific Aluminium (Pacal) estimated at one and a half billion dollars.
The situation in the market today is such that Rio Tinto is studying the possibility of wholesale all his aluminum assets, writes The Australian.
Recall that the price of aluminum from the beginning of the year has fallen by 10 percent and, according to the forecasts of Standard Bank experts, will be $ 2130 per ton this year, against $ 2250 in 2012 due to the weakening demand for this metal. The falling demand and growing costs have already forced the largest aluminum corporation in Russia Rusal to declare possible closes of production.
Rio Tinto considers the possibility of wholesale exit from the aluminum business
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Azovpromstal® 11 June 2013 г. 11:56 |
