Chalco postpones Bowen Alumina Refinery indefinitely

Whitsundays Online

Chalco has postponed its decision on the A$2.2 billion alumina refinery in Bowen because there is still uncertainty in the market, The Australian and Bloomberg are reporting, citing the company.

The decision on developing the Bowen refinery was due last month, and now won’t be made this year, the The Australian said, citing Dan Foo, head of the Aurukun Bauxite mine study, the feeder to the refinery.

The Australian quoted Mr Foo; "It may take some years for the alumina market to recover to levels it was at before the global financial crisis."

So, will this have an effect on the 'going price' of the Abbot Point Terminal?

Sourced from Bloomberg and The Australian
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