Rio Tinto to Sell Fort William Aluminium Smelter to Liberty for £330m
An offer £330 million made by Liberty for an Aluminium smelting plant in Fort William has been accepted by the current owners, Rio Tinto. This deal safeguards the jobs of the 150 staff directly employed in the facility, as well as 400 further positions throughout the supply chain. In addition, it is believed that there is the potential for a further 300 jobs as a result of an anticipated £120 million of additional investment into the plant.
As well as the smelting plant itself, the deal also includes hydro power plants near the site and at Kinlochleven, which are used to power the smelter, and more than 100,000 acres of land, including Ben Nevis' foothills, which provide the water that powers the hydro plants.