http://www.worldal.com/news/unitedstates/2011-03-21/130067006234335.shtml
Test burn results will be critical to government to JUSTIFY funding from
federal government to apply coldry in Victoria.
LYP /ALCOA are aware that the Aluminium Industry will relocate if the 30%
OF BASELOAD POWER CONSUMPTION used to supply Alcoa shifts to GAS SUPPLY
prices.
Baillieu talks about honouring the climate change 2020 policy but very
little specifics so far on how it will be implemented,.
Funding by government/ partnership with LYP/ ALCOA with ECT to provide
another coldry plant could easily eventuate.
Energy and Resources Minister Michael O'Brien declined to comment on the
negotiations with Alcoa, which he said were ongoing.
Mr O'Brien said the government would balance the economic importance of
Alcoa to the Geelong region ''with the need to improve environmental
outcomes for all Victorians''
http://www.alcoa.com/australia/en/info_page/smelting_power_contracts_and_environment.asp
Market cap of ESI compared to WEC ,what an opportunity it is presenting.
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- japan is switchning to coldry !!?
http://www.worldal.com/news/unitedstates/2011-03-21/1300670062343...
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