Rio Tinto Limited (ASX:RIO, NYSE:RIO, LON:RIO) will gain $151 million in cash now it has completed the sale of the North American part of its Alcan Cable business.
The global miner sold the business to General Cable Corporation in May 2012.
The sale of Alcan operations in China for $34 million was agreed upon at the same time and is expected to be finalised later this year once approvals are received.
Rio flagged plans to sell aluminium units to streamline its Alcan aluminium business last year following its $US39 billion acquisition of Alcan five years ago.
Rio generated a net profit of $6 billion in the first half of its 2012 financial year.
