News Releases

カジノ シークレット 登録 方法 Announces Sale of its Shares in Two Overseas Aluminum Smelting Companies

May. 31, 2024

カジノ シークレット 登録 方法 has decided to sell all of its shares in New Zealand Aluminium Smelters Limited (NZAS) (representing 20.64% of NZAS’s outstanding shares) and Boyne Smelters Limited (BSL) (representing 2.46% of BSL’s outstanding shares) to Rio Tinto, a British-Australian company and global leader in the mining and metals industry. カジノ シークレット 登録 方法 and Rio Tinto are partners of both NZAS and BSL. The sale of the shares is scheduled to be completed after the necessary procedures have concluded, including approval by relevant authorities.

カジノ シークレット 登録 方法 held shares in NZAS and BSL for the purpose of importing primary aluminum from these companies for resale. These businesses, however, are significantly affected by changes in international aluminum market conditions, and カジノ シークレット 登録 方法 now considers the volatility of their profitability too high for its Group. Accordingly, the Company has decided to sell its shares in NZAS and BSL.

The カジノ シークレット 登録 方法 Group is accelerating its short-term intensive performance improvement measures aimed at ensuring a V-shaped recovery in fiscal 2024 and strengthening its financial position to lay the groundwork for future fundamental structural reforms. The sale of the shares comes as part of the Group’s business portfolio transformation.

Reference:

Overview of NZAS

Company name

New Zealand Aluminium Smelters Limited

Principal place of business Tiwai Road Invercargill, New Zealand
Founded

1969

Shareholder composition Rio Tinto (79.36%) and カジノ シークレット 登録 方法 (20.64%) (As of April 2024)

Overview of BSL

Company name

Boyne Smelters Limited

Principal place of business Handley Drive, Boyne Island QLD 4680, Australia
Founded

1978

Shareholder composition Rio Tinto (59.39%), YKK Aluminium (9.50%), UACJ Australia (9.29%), Southern Cross Aluminium (7.71%), Ryowa Development II (6.46%), Ryowa Development (5.19%) and カジノ シークレット 登録 方法 (2.46%) (As of April 2024)

Contact

カジノ シークレット 登録 方法 Co., Ltd.
Corporate Communications Dept.
カジノ シークレット 無料 ボーナス Address