CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
MONTREAL, Jan. 1, 2012 /CNW Telbec/ – Rio Tinto Alcan will begin an orderly shutdown of approximately one-third of its production at its 438,000 tonne Alma smelter in Saguenay-Lac-Saint-Jean, Quebec after initiating a lockout at the facility earlier today. Rio Tinto Alcan staff will execute the orderly shutdown of 144 out of 432 reduction cells and will continue to operate the remaining capacity until further notice.
Plans are in place to ensure that our aluminium operations throughout the region continue to run safely and efficiently, and we will work to limit the labour disruption’s impact Rio Tinto Alcan’s customers.
Rio Tinto Alcan initiated a lockout after the Syndicat des travailleurs de l’aluminium d’Alma (Alma aluminium workers’ union) rejected the company’s final proposal for an agreement. Rio Tinto Alcan had been bargaining with the union since 4 October 2011. The union’s contract expired on 31 December 2011.
The Syndicat des travailleurs de l’aluminium d’Alma represents 755 employees at the plant, including 674 hourly workers, 25 office personnel and 56 workers at the pot relining centre.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
