the international distribution contracts of Rip Tinto.
Rio plans to sell six units in Australia and New Zealand and seven plants
in France, Germany, the United States and the United Kingdom at an
unspecified "appropriate point in the future", the company said in a
statement. The term the assets are "no longer aligned" with company
strategy, must be quite a revelation to the plants themselves.
The Australian and New Zealand assets in question will be transferred to a
new division to be called Pacific Aluminium before being sold.
The Boyne aluminium smelters in Gladstone in central Queensland and the Bell
Bay smelter in northern Tasmania and The Smelter at Bluff are among the
facilities to be offloaded.
VARENCO PTY LTD
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