Wednesday, February 13, 2013

Gas pledge keeps Rio's Arnhem Land refinery open - The Australian



MINING giant Rio Tinto will continue to operate its loss-making aluminium refinery in Arnhem Land, ending months of speculation the plant could close with the loss of up to 1500 jobs.



The decision comes after the Northern Territory government agreed to release almost half its remaining contracted public gas reserves for on-sale to power the refinery, exposing taxpayers to a billion-dollar risk.



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