Tax Season Kitimat smelter survives capital spending cuts at Rio Tinto
The head of Rio Tinto’s global aluminum business says it will complete the modernization of its Kitimat smelter in British Columbia but will pull back on capital spending around the world.
Rio Tinto plans to cut capital spending by at least 20 per cent in each of the next two years. For 2014, spending would fall to US$11 billion from $14 billion this year. By 2015, it will be reduced to $8 billion.
Read more at: http://www.cbc.ca/news/business/kitimat-smelter-survives-capital-spending-cuts-at-rio-tinto-1.2449516
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