Rio Tinto says that it is not right time for aluminum unit sale
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Saturday, 11 Feb 2012
Reuters reported that global miner Rio Tinto now was not the right time to be trying to sell its Pacific Aluminum business which it is looking to spin off after taking an USD 8.9 billion writedown on its aluminum business.
Mr Guy Elliott CFO of Rio Tinto said that "At present these are tough conditions to be selling aluminum assets."
