Rio Declares Force Majeure for Aluminum Smelter
Investing News Network - January 13th, 2011
Bloomberg.com reports that Rio Tinto (NYSE:RIO) has declared Force Majeure because of extensive flooding in Australia.
Bloomberg.com reports that Rio Tinto (NYSE:RIO) has declared Force Majeure because of extensive flooding in Australia.
The story is quoted as saying:
The floods have cut road and rail access between Gladstone and Brisbane and the Brisbane port is closed, preventing deliveries to some domestic and international customers,” Rio said in a statement to the Australian stock exchange today