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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Rio Tinto plc    RIO   GB0007188757

RIO TINTO PLC

(RIO)
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Rio Tinto : upgrades Vaudreuil Plant to improve safety and efficiency

10/29/2020 | 08:50am EST

Saguenay - Rio Tinto is improving employee safety and optimising operations by upgrading facilities at its Vaudreuil Plant, the site of an alumina refinery and associated services in Saguenay, Quebec.

Through a US$51 million investment, three new energy efficient buildings are under construction and existing facilities will be rearranged to provide close to 400 employees with a centralised control room, offices and common areas once complete in early 2021.

The upgrades will move employees away from industrial processes and bring six separate control rooms into one centralised location with advanced reporting technologies, improving the efficiency of operations, communications and decision-making.

More than half of the investment has already been awarded to companies in the Saguenay - Lac-St-Jean region such as Proco, with more contracts to be granted in the coming months.

Rio Tinto executive director Quebec Operations Sébastien Ross said 'This investment will provide our employees with an even safer and more modern work environment, as we optimize our operations at the Vaudreuil Plant. We're pleased to be partnering with union representatives and contractors to ensure this project not only delivers a more efficient operation, but also generates significant economic benefits in the region.'

Proco general manager Jean-Denis Toupin said 'We are extremely proud to contribute to this innovative project that demonstrates Rio Tinto's commitment to the safety of workers and its operations in Saguenay - Lac-St-Jean. We are drawing on a network of partners showing the world class services on offer here in the region, to help build a strong future for Vaudreuil.'

Contact

Malika Cherry

Advisor, Media Relations - Canada & US

M +1 418 592 7293

malika.cherry@riotinto.com

Category: Saguenay

Disclaimer

Rio Tinto plc published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 13:49:09 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 42 541 M - -
Net income 2020 9 722 M - -
Net Debt 2020 3 412 M - -
P/E ratio 2020 10,8x
Yield 2020 6,44%
Capitalization 112 B 112 B -
EV / Sales 2020 2,72x
EV / Sales 2021 2,74x
Nbr of Employees 46 000
Free-Float 65,2%
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Average target price 65,49 $
Last Close Price 67,52 $
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Jean-Sébastien Jacques Chief Executive Officer & Executive Director
Simon Robert Thompson Chairman
Jakob Stausholm Chief Financial Officer & Executive Director
Michael Gerard L'Estrange Independent Non-Executive Director
Megan Clark Independent Non-Executive Director
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