SOURCE: Industrial Info Resources

Industrial Info Resources

April 24, 2012 06:40 ET

Rio Tinto Alcan and Cahya Mata Sarawak Cancel $1 Billion Aluminum Smelter Plant, an Industrial Info News Alert

MANILA, PHILIPPINES--(Marketwire - Apr 24, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Rio Tinto Alcan (Montreal, Quebec), the aluminum manufacturing branch of Rio Tinto plc (NYSE:RIO), and Cahya Mata Sarawak Berhad (KL:CMSBU) (Sarawak, Malaysia) have mutually terminated their memorandum of understanding (MoU) to build a $2 billion dollar aluminum smelter in Malaysia's Sarawak state. The companies were unable to reach a commercially viable power purchase agreement for the smelter.

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