Rio Tinto has announced plans to invest $30 million at its metal powder plant subsidiary, Quebec Metal Powders (QMP), in southern Quebec, Canada. The investment will be used to upgrade equipment and increase metal powder production capacity by more than 20% over the next two years.
The planned upgrade and expansion will add ten new jobs and significantly reduce the plant’s cooling water consumption.
“We are investing in a strong future for RTFT [Rio Tinto, Fer et Titane], and believe this investment will also pay off for our customers, who rely on us for high quality products and services; and for our communities, who rely on us for good jobs, responsible environmental stewardship and ongoing contribution to the local economy,” said Dominique Bouchard, RTFT President.
The investment is part of the company’s recently announced TiO2050, plan which calls for an investment of CAD$800 million to extend the life of RTFT’s mine in northern Quebec, one of the world’s largest ilmenite deposits, and improve efficiency and throughput at its refining complex in southern Quebec. Ore extracted from mines in Quebec and Madagascar is refined into titanium dioxide feedstock, pig iron, steel, metal powders and other products at this complex.
Edited by: Paul Whittaker, Editor ipmd.net, [email protected]