Alcoa Clinches 5-Year Extension For Wagerup Alumina In West Australia
May 09 2012 - 12:12AM
Dow Jones News
The Western Australian state government said Wednesday it has
granted the Australian unit of Alcoa Inc. (AA) a five-year
extension for its proposed Wagerup alumina refinery expansion.
The approval, by Environment Minister Bill Marmion, follows the
Environmental Protection Authority's recommendation in February
that Alcoa be allowed to defer the start of construction under the
terms of its 2006 approval.
"The EPA recommended that, as the environmental factors of the
proposal had not significantly changed and no new factors had
emerged since the initial approval, the time limit be extended a
further five years," said Marmion in a statement.
However, before starting construction Alcoa will still require a
works approval from the Western Australian state government, which
would involve public consultation, he added.
Wagerup's expansion to 4.7 million tons a year has been deferred
by Alcoa of Australia, owned 60% by Alcoa Inc. and 40% by Alumina
Ltd. (AWC.AU), until market conditions improve.
-By Stephen Bell, contributing to Dow Jones Newswires;
61-8-9244-4243; djsydney@dowjones.com
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