Bauxite Resources on hunt for refinery site
BAUXITE Resources says it will consider all of its landholdings in Western Australia in choosing a site for a planned alumina refinery. The company hopes to have developed the $1.5 billion to $2 billion refinery within five years, backed by China's Yankuang Corporation, which is expected to facilitate financing through Australian-based Chinese banks.
BAUXITE Resources says it will consider all of its landholdings in Western Australia in choosing a site for a planned alumina refinery. The company hopes to have developed the $1.5 billion to $2 billion refinery within five years, backed by China's Yankuang Corporation, which is expected to facilitate financing through Australian-based Chinese banks.Chief executive Barry Carbon said site selection would be completed by the end of 2011. "The refinery could be anywhere from the northern part of our tenements right down to the southern part," he said. "We're going to go through, hopefully with government agency assistance, all of the possibilities [sites] and there are probably eight to 10 of them.Mr Carbon said the refinery would be more modern and safer for local communities and the environment than existing alumina refineries in the state's south-west, the largest being Alcoa's Wagerup facility, which has for many years been mired in controversy and court battles.
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