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tdp2664 E money daily Rio Tinto plc (LON:RIO) has scheduled the closure of its UK aluminum smelter. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full RIO chart at Wikinvest Rio Tinto plc (LON:RIO) To Close UK Smelter Rio Tinto plc (LON:RIO) Group, the world’s second- largest mining company, is planning to close the Lynemouth aluminum smelter in Northumberland. The company also intends to sell the power station at the site. The decision is being taken by fears of rising energy costs. Jacynthe Cote, chief executive officer of Rio Tinto plc (LON:RIO)’s Alcan unit, said that, "This decision follows a thorough strategic review which explored every possible option for continuing to operate the smelter and power station. It is clear the smelter is no longer a sustainable business because its energy costs are increasing significantly, due largely to emerging legislation". Rio Tinto plc (LON:RIO) company shares stood at 3380.5 at the end of the last trading session. Price History Last Price: 3380.5 52 Week Range: 2,636.50- 6,951.16 Last Vol: 1774903 3 Month Vol: 5655970
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