Boyne Island Aluminium Smelter

Sources: Rio Tinto Engaged UBS for Listing Pacific Aluminium on Australian Stock Exchange

Sources: Rio Tinto Engaged UBS for Listing Pacific Aluminium on Australian Stock Exchange

According to anonymous sources who spoke to Reuters last week, Anglo-Australian mining giant Rio Tinto Group has engaged Swiss investment bank UBS AG to investigate the possibility of publicly listing Pacific Aluminium on the Australian Stock Exchange (ASX). Reuters said two industry...

Events

Citing Power Prices, Boyne Aluminium Smelter Cuts Production and Jobs

Facing a squeeze in power prices, Australia’s Boyne Island Aluminium Smelter said Friday that it will be forced to cut capacity and shrink manpower beyond the levels announced in January. According to a statement released to the media, Rio indicated that capacity would be cut by fourteen percent and that “a significant number of jobs […]