Rio Tinto Combines Businesses To Form Industrial Minerals Product Group
January 17, 2006
Rio Tinto, a world leader in finding, mining and processing the world's mineral resources, has announced that it will bring three of its industrial minerals businesses together to better serve markets. Rio Tinto Borax, the world leader in borate supply and science, Luzenac, the world's foremost talc producer, and Dampier Salt Ltd., the premier exporter of solar salt, will be brought under common management to form Rio Tinto Minerals (RTM). Together with Rio Tinto Iron & Titanium (RTIT), Rio Tinto Minerals will form the Rio Tinto Industial Minerals Product Group (RTIM). "We are building on our remarkable resource base to achieve efficiencies of scale and create a platform for growth," said Andrew Mackenzie, chief executive of RTIM and chairman of RTM and RTIT.