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Rio Tinto PLC to suspend production at Gove alumina refinery


Thursday, 28 Nov 2013 05:28pm EST 

Rio Tinto PLC:Says that it will move to suspend alumina production at Gove and focus on its bauxite operations after determining the refinery is no longer a viable business in the current market environment.Says it will work on the scope and phased timing of suspension and prepare for all potential outcomes over coming months.Says the company will be consulting with employees and the community in coming weeks to develop detailed plans regarding the timing and phases for ramping down the refinery.Says there will be no immediate change to refinery operations.Says at this early stage, it is expected the process of suspending production would start in the first quarter of 2014 and be phased during the year. 

Company Quote

57.61
0.63 +1.11%
12:38pm EDT