Rio Tinto finds cable business buyer
22nd May 2012
LONDON, May 22 – Rio Tinto has made another step in its disposal of non-core aluminium assets with the $US185M sale of Alcan Cable to copper, aluminum and fibre optic wire and cable products manufacturer General Cable Corporation.
Alcan Cable Alcan, which makes cable for the utility and building industries, has five manufacturing operations, a distribution centre and dedicated technology development centre in North America and an operation in Tianjin, China.
The sale is expected to close later this year after the transaction receives all necessary regulatory clearances.
Also in the May 16 - 22, 2012 edition
- AFRICA
- Miners face continuing Mali unrest
- ASIA DESK
- China slowdown continues
- CENTRAL ASIA
- Xanadu moves on cheaper Mongolia deals
- EXPLORATION
- More ore can go Linggo's way
- Orrex looks for Mile ’n a bit
- FINANCE
- Counting on austerity
- Four reasons to stay calm, carry on
- Perilya still on the hunt
- FROM THE CAPITAL
- Gold equity investors flee sector early
- INTERCEPTS
- $25M upgrade for Russia’s biggest gold producer
- Abcourt moves to reopen Elder gold mine
- Agnico-Eagle joins Finnish gold search
- Alliance ties up with Itochu
- Anglo-Codelco talk again on Chile dispute
- Apollo takes Gabon iron project interest
- BHP brings TEMCO back to life
- BHP returns to Euro bond market
- Big LKK project upgrade follows $7.95M acquisition
- Big upgrade for Lake Shore’s Timmins gold operations
- Bushfire slows AuRico mine
- Canada Lithium offering to fund Quebec project
- Cape Lambert cops $96M tax/penalties bill
- Carbine set for first tungsten bulk sale
- Centaurus swaps up to Brazilian iron project
- Cline doubles New Elk coal holdings
- Cluff completes Burkina Faso purchase
- Court action blocks Atlantic Gold acquisition
- Court blocks Rooderand mining right issue
- Court clears Razorback project ownership
- CuDeco gains copper storage approval
- Delrand foreshadows further fund-raising
- Drill results promise more Bullabulling resources
- Early start for Minemakers CEO
- Eastern Iron releases maiden Hawkwood resource
- ECT lines up Latrobe Valley exploration rights
- Emeco goes to US market for funds
- Emeco shows strong growth
- Exporter welcomes Abbot Point slowdown
- First Uranium’s $405M asset sell off hits trouble
- Galaxy raises purity on first lithium sale
- Globe outlines restructure plans
- Hannans gains its reward
- Hemisphere makes its entry into Tanzania
- Highland increases Unkurtash gold resource
- Horizonte gold sell off on nickel focus
- Increased grades underwrite Velardena’s future
- Inmet completes $1.5B raising for Cobre Panama
- Kaboko gets price tag for Zambian plant
- Kagara administrator secures $29M funding/guarantee package
- Kula awaits delayed study
- Lace mine secures development funds
- Leighton’s restoration strategy for growth
- Local groups handed Zimbabwe mine interests
- Mimosa set to resume Monday
- Miners relaxed about Mongolian investment law
- Miners shelter from Mimosa underground fire
- Mwana sells Freda Rebecca mine interest
- Nachingwea nickel project another Mt Keith?
- Namibian mines go ahead soon
- Naylor takes top role at Coventry
- Ncondezi signs project agreement
- Near-surface resource at Cargo gold project
- New MD to guide Coalspur transition
- NRW wins Pilbara port expansion works
- Pan Asia welcomes positive TCM project study
- Panoramic buy strengthens Gidgee plans
- PanTerra starts Las Lagunas production
- PGM consolidation moves closer
- Port upgrade doubles Mt Gibson capacity
- Qld coal terminal welcomes government support
- Resource growth spurs Vista planning
- Resource upgrade positive for Anglo Asian
- Rio reaffirms its Ivanhoe support
- Royal ready for a Razorback partner
- Rustenburg illegal strike ends
- Sandpiper triggers tit-for-tat bidding
- Scotgold gets its Cononish lease
- Senior restructure ahead of Ncondezi development
- State-federal clash over Rio project
- Storm slows Vatukoula drive
- Superior separates phosphate interests
- Thompson Creek checks wall slip damage
- Tiger lifts DRC copper resource
- Tinma lifts its Rambler investment
- Toro moves a step closer to production
- Underground coal worker killed
- Union violence stops Implats mine
- Uranium seeker buys US projects
- Volta issue funds Burkina Faso drilling
- Water permit to boost Namakwa production
- WesTrac moves ahead with Bucyrus acquisition
- Zincox’ first plant up and running
- ZYL lifts its Kangwane coal resource
- ISSUES
- Ounce of prevention better than a pound of cure
- MINING
- Bauxite minnow looks for big opening
- MINING INTELLIGENCE
- Differences in output between makes and models – it does matter
- MINING IT
- Acquisitions plant ABB near the top in EAM
- IT Notebook: Mintec, Modular Mining, Quintiq
- PEOPLE
- DIY not an issue for realist Griffin
- UnCUT
- CAE flying high, scooping low
- VIEW FROM THE WEST END
- Benched
