Rio Tinto Preparing to Ship from Kitimat Aluminum Smelter

Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) announced that it’s getting ready to start shipping from its Kitimat aluminum smelter. The smelter, located in Canada, recently underwent “an extensive modernisation.”
As quoted in the press release:

The modernisation of the aluminium smelter will increase production capacity by 48 per cent and result in Kitimat becoming one of the lowest cost smelters in the world. Rio Tinto is now focused on safely ramping up towards its annual production rate of 420,000 tonnes.
The modernised smelter, which was delivered in line with the revised schedule and budget, is powered exclusively by Rio Tinto’s wholly owned hydro power facility and uses the company’s proprietary AP40 smelting technology which will effectively halve the smelter’s overall emissions.

Alf Barrios, aluminum chief executive at Rio Tinto, commented:

The modernisation of Kitimat will fundamentally transform its performance, moving it from the fourth quartile to the first decile of the industry cost curve. At full production, Kitimat will be one of the most efficient, greenest and lowest-cost smelters in the world.
Positioned in British Columbia on the west coast of Canada, Kitimat is well placed to serve rapidly growing demand for aluminium in the Asia-Pacific region and to serve the North American market.

Click here to read the full Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) press release.