Rio Tinto Ltd
(ASX:RIO) plans to spend $3.5 billion to build an aluminum plant in Paraguay, that will produce around 670,000 tonnes a year.
This is an increase from Rio’s initial announcement of a $2.5 billion investment in December 2009, which would have produced 480,000 tonnes of aluminum a year.
For the year ended 30 June 2010, Rio Tinto reported a net profit of $7.36 billion.
