The hydroelectric power plant at Lochaber. The deal struck by Rio will secure 150 jobs at the Scottish sites Rio TintoRio Tinto is to sell Britain’s last remaining aluminium smelter to one of the companies that courted Port Talbot steelworks. Liberty House and its sister company Simec are paying £330 million for the Lochaber smelter and hydroelectric power plants at Lochaber and Kinlochleven, near Fort William, in the Highlands. The deal would secure 150 jobs on the sites, according to GFG Alliance, the owner of Simec and Liberty. Rio Tinto acquired the business, which is its only operation in Britain, in 2007 as part of its ill-timed $38 billion acquisition…

Source: The Times November 23, 2016 17:01 UTC