Rio Tinto Tasmania Smelter Inks Power Deal, To Cut Jobs

Date : 06/27/2012 @ 11:01PM
Source : Dow Jones News
Stock : Rio Tinto Fpo (RIO)
Quote : 76.8  1.56 (2.07%) @ 12:59AM
Rio Tinto share price Chart

Rio Tinto Tasmania Smelter Inks Power Deal, To Cut Jobs

Rio Tinto (NYSE:RIO)
Historical Stock Chart

5 Years : From Mar 2013 to Mar 2018

Click Here for more Rio Tinto  Charts.
   By Robb M. Stewart 

MELBOURNE--Rio Tinto PLC's (RIO) Bell Bay aluminum smelter on the island of Tasmania has signed a new power supply deal with Hydro Tasmania and plans to cut jobs and introduce business improvements to deliver millions of dollars in cost savings, the company said Thursday.

Bell Bay Aluminium in an emailed statement said the new power supply agreement begins July 1 and provides improved flexibility for the smelter until 2025.

The company said it also will reduce its organization to about 500 employees, cutting roughly 30 leadership and support roles.

Write to Robb M. Stewart at

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V:us D:20180322 17:42:28