SOURCE: Industrial Info Resources

March 19, 2008 07:00 ET

Rio Tinto's Malaysian Smelter Plans Move Forward; Power Shortage Delays South African Project, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - March 19, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As Rio Tinto (NYSE:RTP) (London) gives the go-ahead for plans to construct a $2 billion aluminum smelter in Malaysia, it has the agreement of the South African government to delay its proposed project at Coega until a secure power supply is in place. The South African government, keen to bring the often delayed project to fruition, has said that it is amenable to a delay caused by power supply problems in order to secure commitment on the project. BHP Billiton (NYSE:BHP) (Melbourne, Australia) is cutting 120,000 TPA of aluminum production across its three South African smelters.

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