RIO to Invest $1.2B in Quebec Hydroelectric Power Plant Upgrade

Rio Tinto Group (RIO) is set to invest $1.2 billion (CAD$1.7 billion) to modernize its 100-year-old Isle-Maligne hydroelectric power plant in Quebec, Canada. This is RIO’s most significant investment in its hydroelectric assets in more than seven decades.  It is aimed at securing the long-term future and competitiveness of its low-carbon aluminum production in the Saguenay–Lac-Saint-Jean region. Notably, the region accounts for around 50% of Rio Tinto’s global aluminum production.RIO’s Efforts to Boost Eff ...