Rio Tinto (RIO) has reportedly told Australian governments there is no point in continuing negotiations over its loss-making Gove alumina refinery in the Northern Territory, calling into question the future of the refinery and raising the prospect of significant job losses, according to The Australian.
The newspaper reported that the miner is expected to decide this week to scale back the refinery and instead export bauxite as negotiations with the federal and territorial governments over subsidised gas supplies hit a stalemate.
