Posted in | News | Ceramic Materials | Non-Ferrous Alloys and Metals | Aluminum / Aluminium

Rio Tinto Interest In Acquiring World's Largest Alumina Refinery

Mar 3 2004

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Rio Tinto/Comalco Ltd. has stated interest in acquiring the world's largest alumina refinery, in Gladstone, Queensland, Australia, from Kaiser Aluminum Corp.

Kaiser, based in Houston Texas are currently looking to raise cash to exit Chapter 11. Kaiser has placed its 20% stake in Queensland Alumina on the market.

Comalco, which owns 38.6% of QAL, has a right to bid for the entire Kaiser stake. Alcan Inc. holds the remaining 41.4% after purchasing French rival Pechiney SA.

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