Rio Tinto to sell Alps plant

Mining group Rio Tinto is pushing ahead with plans to sell a century-old aluminium plant in French Alps as the it continues its retreat from a struggling aluminium sector. The group's Rio Tinto Alcan division that operates the Saint-Jean-de-Maurienne plant said the upcoming renewal of a 30-year-old electricity supply contract with EDF swung the balance in favour of selling a site that was among its less profitable.