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Rio Tinto Returns to India to Explore Large-Scale Aluminum Plants


Metals And Mining

Rio Tinto, Explore Large-Scale, Aluminum Plants

Rio Tinto has formed a partnership with AMG M&M to build Indian aluminum plants which will rely on renewable power systems and follow sustainable Metal & Mining industry conduct.

Rio Tinto which stands as a top international Metal & Mining company continues its India market entry through a joint venture with AMG Metals & Materials (AMG M&M). The enterprise between these two companies will evaluate the development of massive aluminum production facilities which will run using exclusive wind and solar energy resources. Through their partnership AMG M&M and Rio Tinto plan to construct an aluminum manufacturing plant able to produce up to 1 million tonnes per year while simultaneously were creating aluminous output capabilities of 2 million tonnes yearly.

The mining company Rio Tinto has spent a decade outside of India before it announced $5-$7 billion worth of investments to return to the country. The project development will start with constructing a 500,000-tonne-per-annum smelter as a primary phase. The international partnership between AMG M&M and Greenko Group along with Rio Tinto's alumina management responsibility will form the core of project activities.

India maintains its position as the second-biggest aluminum manufacturer worldwide while experiencing rising market demand which will potentially surge in the coming decade. Rio Tinto and other Metal & Mining companies have a favorable outlook for India because the government recently eliminated mining FDI restrictions.

Rio Tinto has included environmental sustainability in its business strategy which matches the increasing market need for green solutions in the Metal & Mining sector.

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