BHP Billiton today announced approval for the Efficiency & Growth expansion project at Worsley Alumina in Western Australia for an estimated capital investment of US$1.9 billion (BHP Billiton’s 86 per cent share). This includes approximately US$70 million of sustaining capital.
BHP Billiton Aluminium President Jon Dudas said, “Worsley is one of the largest, lowest cost and most efficient alumina refineries in the world. This decision to invest in further production capacity underlines our confidence in the future of the alumina market. It also reflects our confidence in Worsley Alumina’s ability to continue its excellent track record of production growth".
This is HUGELY Significant! Should push the BAU demand right up. The Majors are are investing Billions on their Alumina future....!!! GO BAU
BAU Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
