Home / Knowledge / News / Textiles / RTFT to invest CAD$800 mn to upgrade Quebec units
RTFT to invest CAD$800 mn to upgrade Quebec units
27
May '11
Rio Tinto, Fer et Titane (RTFT), a wholly-owned subsidiary of the Rio Tinto Group, has set out its vision to extend the life of its Lac Tio ilmenite mine in Havre-Saint-Pierre and modernise its Sorel-Tracy metallurgical complex.

Known as TiO2050, this plan includes expanding mining operations from five to seven days a week, which is expected to create 70 new jobs in Havre-Saint-Pierre, and extending the life of the mine until 2050. RTFT will continue to upgrade equipment and systems in Sorel-Tracy to achieve improved efficiency and better environmental performance, including a 60 per cent reduction in sulphur dioxide emissions. RTFT expects to invest CAD$800 million over the next five years in sustaining and improving its Quebec operations.

Dominique Bouchard, president of Rio Tinto, Fer et Titane, said "This is an important milestone in bringing this world-class resource to its full potential and continuing to deliver benefits to the people of Quebec. We consulted a wide range of stakeholders before setting out our plans, and will continue to engage with employees, unions, communities, customers and governments as the project proceeds."

TiO2050 is aligned with Quebec's Northern Plan, a 25-year social, environmental and economic development project. The plan calls for a government investment of more than CAD$2.1 billion over the next five years to provide access to the territory and support the training and development of a skilled local workforce - all with the ultimate goal of improving quality of life in communities and strengthening the economy across all the regions of Quebec.

Rio Tinto, Fer et Titane, has operated in Quebec for more than 60 years and is a world leader in producing high quality titanium dioxide feedstock, cast iron, steel and metal powders. The business is part of Rio Tinto Iron & Titanium (RTIT), which supplies approximately 19 per cent of global demand from its operations in Quebec, South Africa and Madagascar.

Titanium dioxide is used to produce white pigment for the paint, plastics and paper sectors. Demand growth for higher grade feedstock is driven by urbanisation trends and infrastructure development in mature markets and, increasingly, in China and other emerging economies. RTIT's production increased 21 per cent in 2010 compared to 2009.

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto, Fer et Titane (RTFT)


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search