Rio Tinto’s Alcan Cable unit closing Oregon plant; move will eliminate 77 jobs

Rio Tinto’s Alcan Cable unit closing Oregon plant

ATLANTA — International mining company Rio Tinto PLC said Tuesday that its Alcan Cable unit will be shuttering its operations in Roseburg, Ore., a move that will eliminate 77 jobs.

“This decision is difficult, but has been made necessary by the prolonged poor market conditions and outlook in the market,” Alcan President Jack Miller said in a statement.

Alcan, which makes aluminum cable and other equipment, is headquartered in Atlanta. Spokeswoman Rhonda Buckley said the company does not disclose how many employees it has total.

Rio Tinto shares were down 24 cents to $54.41 in afternoon trading amid broader market declines.