Rio Tinto Receives Offer for Its Specialty Aluminas Business
A period of exclusivity has been agreed to with H.I.G. and Rio Tinto will respond to the binding offer following consultation with the relevant European works councils. The terms of the binding offer are confidential. The specialty aluminas business is the largest integrated supplier of non-metallurgical grade aluminas with 4 production sites: Gardanne, La Bâthie, Beyrède in France, and Teutschenthal in Germany. It employs 730 people. Rio Tinto is a leading international mining group headquartered in Great Britain, combining Rio Tinto plc, a London and New York Stock Exchange 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, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America (4/2012).