Mining giant Rio Tinto has suspended production at its Gove alumina refinery, in the Northern Territory, as the operation is no longer viable in a low price, high exchange rate environment. Instead, the diversified mining group would shift its focus in the region to its bauxite operations.
“This is a very sad day for everyone associated with Gove. It has been an extremely difficult decision and we recognise it will have a significant impact on our employees, the local community, and the Northern Territory,” said Rio CEO Sam Walsh.
He added, however, that the company had a firm belief in the potential of the bauxite operation, and was working to identify initiatives to create new opportunities for the regional community.
“Establishing a long-term plan for the bauxite operation and its employees will be the key to retaining a sustainable business in the local area,” Walsh added.
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via Rio Tinto suspends Gove production, 1 500 jobs on the block.
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