Posted in | News | Mining Business

Chalco Denies Aurukun Pull Out

Chalco's denial of its alleged pull out of the deal to set up a bauxite refinery at Aurukun in North Queensland over the resources super tax may be more than posturing. The viability of the project has been doubted for more than 12 months within the company.

Aurukun, North Queensland, Australia
The Chinese mining giant, Chalco's parent company Chinalco made an unsuccessful bid for a larger part of Rio Tinto last year. Chinalco still harbors misgivings about the wisdom of such a large investment in the Australian environment.

Chalco overseas investment general manager Zhao Zhengang has tried to clarify that the company is moving ahead with the project in accordance to the agreement with the state government in Queensland. Although there are many fears that the new mining tax may force the company to stall the $3 billion bauxite project, so far the company is in denial.

Chalco is China's largest alumina and primary aluminum producer and the world's second largest alumina producer. Chinalco is the controlling shareholder of the company.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). Chalco Denies Aurukun Pull Out. AZoMining. Retrieved on April 14, 2024 from https://www.azomining.com/News.aspx?newsID=10.

  • MLA

    Scanlon, Joel. "Chalco Denies Aurukun Pull Out". AZoMining. 14 April 2024. <https://www.azomining.com/News.aspx?newsID=10>.

  • Chicago

    Scanlon, Joel. "Chalco Denies Aurukun Pull Out". AZoMining. https://www.azomining.com/News.aspx?newsID=10. (accessed April 14, 2024).

  • Harvard

    Scanlon, Joel. 2019. Chalco Denies Aurukun Pull Out. AZoMining, viewed 14 April 2024, https://www.azomining.com/News.aspx?newsID=10.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.