Rio to Invest $1 Billion in Canadian Aluminum Smelters

Bloomberg.com reports that Rio Tinto (NYSE:RIO) plans to spend $1B to expand aluminum smelters in Quebec and British Colombia.
The story is quoted as saying:

The company will invest $758 million on the first stage of a development at its Saguenay-Lac-Saint-Jean smelter in Quebec and a further $300 million at the Kitimat smelter in British Columbia, the company said today in a statement. Work at the Quebec plant will be completed by 2013, Rio said.

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