Friday, 14 February 2014 10:42

Rio Tinto enters land transfer agreement with LNG Canada

297 RioTinto

Rio Tinto Alcan announced this week that the company has reached an option agreement with LNG Canada to acquire or lease the former Eurocan wharf and associated hinterland in Kitimat.LNG Canada is a joint venture comprising Royal Dutch Shell, Mitsubishi Corp, Korea Gas Corp and PetroChina Co Ltd. The agreement provides LNG Canada with a staged series of options payable against project milestones with a final investment decision expected in 2015.

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