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Through the MoU signed in February in Bintulu, CMS, Rio Tinto Alcan and Aluminium Pechiney will negotiate the licensing of AP36 potline technology which produces aluminium by electrolytic reduction of alumina in cells operating at approximately 360,000 amperes.
Included in the MoU is the provision of engineering documentation related to the AP36 technology and on site technical assistance necessary to construct the SALCO smelter.
Development of the SALCO smelter began in August 2007 when CMS and Rio Tinto Alcan signed a Heads of Agreement to commence studies for the project.
About SALCO
Rio Tinto Alcan (RTA) and Cahya Mata Sarawak (CMS) are undertaking studies to develop an aluminium smelter in Sarawak, Malaysia to be owned by the joint venture known as SALCO. For more information, please visit www.salco.com.my
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
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About CMS
CMS is Sarawak’s largest company in infrastructure development with business interests in construction, road maintenance, cement manufacturing, quarrying, construction materials and property development. The Group is also involved in trading of construction materials, technology, education and financial services.
Forward-Looking Statements
This announcement includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Rio Tinto’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio Tinto’s products, production forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
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