alcoa to close.., page-23

Interesting day today, lets step back a bit, we know that Sim's is sending salt slag waste to MHM plant until June of this Year, Alcoa has a tolling contract with MHM until end of the Year. So at the most, we should have income coming into MHM for the rest of the Year, its still not certain if Alcoa's recycling plant will shut down, going by today's announcement, it says that Alcoa is shutting down PT Henry and the two rolling mills, nothing about shutting down the recycling plant.

'The smelter and an adjacent rolling mill are located in Geelong, Victoria. The second mill and a recycling facility are located in Yennora, New South Wales. The smelter will close in August and the rolling mills by the end of 2014'

http://www.alcoa.com/global/en/news/news_detail.asp?pageID=20140217000194en&newsYear=2014


Also there is the landfill to think about, could the company bring forward its plan to start digging up the landfill?.....Need to wait and see what the company will say and do after the trading halt is lifted on Thursday.


Time for a few beers now!