Rio Tinto hires UBS to explore Pacific Aluminium listing - sources

Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday. The mining group has tried to sell the division many times without success, including in 2017, when it added two alumina refineries in Australia to the portfolio to make it more appealing, the sources said.