- Rio Tinto (NYSE:RIO) agrees to sell its aluminum-related operations in Scotland to privately-owned SIMEC for $410M (£330M), part of its plan to trim some of its less profitable aluminum operations.
- The sale includes Rio's Alcan Aluminium UK unit, which includes an operating aluminum smelter at Fort William, hydroelectric facilities at Kinlochleven and Lochaber, and associated land.
- Rio Tinto has now agreed to more than $1.3B in divestments in the current year, bringing the total value of divestments announced or completed to $5.3B since January 2013.