Alcoa Gains 5-Year Extension To Start Wagerup Alumina Expansion
2012年2月13日 - 11:04AM
Dow Jones News
The Australian unit of Alcoa Inc. (AA) on Monday received
approval from regulators in Western Australia state for a five year
deferral of the proposed multibillion dollar expansion of the
Wagerup alumina refinery.
The state's Environmental Protection Authority recommended that
the time limit for "substantial commencement" of the Wagerup
expansion, to a maximum capacity of 4.7 million tons a year, be
extended by five years, the EPA said in a report on its
website.
Alcoa of Australia Ltd. needs to provide the EPA with written
evidence that it has started work on the expansion by Sept. 14,
2016, otherwise the authorization will lapse, the environmental
regulator said.
Alcoa of Australia, which is owned 60% by Alcoa Inc. and 40% by
Alumina Ltd. (AWC.AU), stated previously that it has suspended work
on the proposed Wagerup 3 expansion until market conditions
improve.
-By Stephen Bell, contributing to Dow Jones Newswires;
61-8-9244-4243; sgbell@bigpond.com
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