LONDON, 12-Nov-2018 — /EuropaWire/ — Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to LNG Canada for a consideration of $576 million.
LNG Canada, a joint venture comprising Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS entered into an Option Agreement with Rio Tinto in 2014 for various options to lease or purchase the wharf and areas of land.
Rio Tinto Chief financial officer Jakob Stausholm said “This sale demonstrates our ability to generate cash from an existing asset, without losing future cash flow, as we continue to drive value across our entire portfolio.”
LNG Canada will construct a replacement wharf for Rio Tinto to export shipments of aluminium from the BC Works smelter.
SOURCE: Rio Tinto
MEDIA CONTACT
Chief adviser, Media Relations
Illtud Harri
M: +44 (0) 79 2050 3600
media.enquiries@riotinto.com
(IN BRIEF) Evonik has enhanced its capabilities for RESOMER® powder biomaterials at its Darmstadt site…
(IN BRIEF) PUMA Hoops and LaMelo Ball have teamed up to unveil the LaFrancé, their…
(IN BRIEF) PUMA, in collaboration with the Mercedes-AMG PETRONAS Formula One Team, introduces a groundbreaking…
(IN BRIEF) FORVIA HELLA GmbH & Co. KGaA, in its Annual General Meeting held on…
(IN BRIEF) Energiekontor AG, a prominent German project developer and operator of wind and solar…
(IN BRIEF) DWS has been honored with multiple prestigious awards at recent industry ceremonies, showcasing…