Courtesy of Benzinga.
Rio Tinto (NYSE: RIO), the world’s second-largest mining company, may be mulling a spin-off of its Australian aluminum business, according to a report in the Australian Financial Review. The company has been in talks with Macquarie Group and PricewaterhouseCoopers to discuss options for the business, the newspaper reported.
Rio Tinto said last week it may consider the sale of two non-specified assets to boost EBITDA.
Rio Tinto has three refineries, three smelters and two bauxite mines in Australia. The company is likely to hold onto the bauxite mines because of their profitability the Financial Review reported.
BHP Billiton (NYSE: BHP) is the world’s largest mining company.
