Rio Tinto looks ready to close ageing Gove smelter

Mon, 25 Nov 2013

Nov. 26 (BusinessDesk) – Global metals giant Rio Tinto looks likely to close its ageing aluminium smelter at Gove, in Australia’s Northern Territory, three months after cutting a deal to keep its Tiwai Point smelter in New Zealand open until at least 2017. Australian media reports say the company has told NT and federal politicians there is no point in further negotiations over the smelter, which is adjacent to a bauxite mine, production from which is likely to be exported for smelting in the future. If confirmed, the news is bleak for jobs i...

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