Talking Points 

 

For Suppliers 

Alcan Agrees to Combine with Rio Tinto

• Today we announced that Alcan has agreed to combine with Rio Tinto.

• Rio Tinto is a leading international mining group headquartered in the UK with operations around the world

• This is a unique and exciting opportunity to join forces with a highly complementary and immensely strong global player to create a new global leader in the aluminum industry with unrivalled development opportunities. 

• Our Board of Directors decided to align with Rio Tinto after engaging in an extensive review of strategic options to deliver value to our stakeholders - and to protect Alcan's values and commitments. 

• As part of Rio Tinto, we will be a thriving global organization with a strong portfolio of growth projects, world-leading assets and technology, and an attractive cost position bolstered by complementary mining, refining and smelting capabilities.

• Rio Tinto's existing aluminum-related operations, currently concentrated in Australia and New Zealand, will be combined with ours to create Rio Tinto Alcan.
  • Additionally, the headquarters of the enlarged aluminum smelting technology R&D group will be in Quebec and France where Rio Tinto's existing smelter technology unit will be combined with ours.
  • Engineered Products will be based in Paris, France and Bauxite and Alumina will be based in Brisbane, Australia.

• In addition to joining the Rio Tinto Board of Directors, Dick Evans will become CEO of Rio Tinto Alcan, a business group within Rio Tinto to be headquartered at an expanded Alcan in Montreal.

• During this time, it is business as usual at Alcan.

• We want to assure you that this announcement will in no way disrupt our relationship with you.

• You are critical partners and a key force behind our continued success.

• Please feel free to get in touch with your Alcan contact should you have any questions.

• The press release announcing the transaction can be found on our website at www.alcan.com.