Rio Tinto turns attention to aluminium

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Melbourne, 18 June (Bloomberg) ' Mining company, the Rio Tinto Group, agreed to pay Kaiser Aluminum ...

Melbourne, 18 June (Bloomberg) ' Mining company, the Rio Tinto Group, agreed to pay Kaiser Aluminum $189m in cash and debt to raise its stake in an Australian alumina refinery as demand for the metal increases. The purchase, by Rio subsidiary Comalco, raises the company's stake in the plant in Gladstone, Queensland, by 8.3% to 38.6%, Rio said in a release to the Australian StockExchange. Anglo-Australian miner Rio is increasing control over the plant at a time of rising demand for alumina, the key ingredient in aluminium used to make products from beverage cans to cars. 'Queensland Alum...

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