Rio Tinto Alcan says Bluff smelter hurt by high kiwi, lower prices

Wed, 25 Jun 2014

By Jonathan Underhill June 25 (BusinessDesk) - Rio Tinto Alcan (New Zealand), which holds Rio Tinto's stake in the Bluff aluminium smelter, is mulling its response after losing an appeal against an Employment Court ruling over a claim of $13.4 million. The company took provisions for its share of the claim in its 2013 accounts, of $10.6 million, according to its annual report. It turned a profit of $66.8 million, from a small loss a year earlier, when it took a charge as an impairment against the smelter. Sales fell 13 percent to $655 mil...

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