Macquarie Harbour Mining Ltd. (MHM.AU) said Monday it has finalized an agreement to process aluminum salt slag with Alcoa Inc. (AA).

The three-year contract covers 33,000 to 39,000 metric tons of material to be processed, and for a payment of A$300 per ton.

The aluminum salt slag is a waste stream resulting from the recycling of aluminum traditionally placed in landfill.

Due to regulatory changes, this material can no longer be disposed in landfill.

Earlier this month, Macquarie Harbour Mining 's wholly-owned subsidiary Alreco Pty. Ltd. said it had agreed to acquire associated plant and equipment and underlying land and buildings from Sims Aluminium Pty. Ltd.

-By Elisabeth Behrmann, Dow Jones Newswires;

61-2-8272-4689 elisabeth.behrmann@dowjones.com
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