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Bell Bay smelter's future
Edited by : AL CIRCLE
1 min read
The general manager of Bell Bay Aluminium in northern Tasmania has told a mining forum in Launceston the struggling smelter has a future.
Ray Mostogl has outlined the challenges facing Bell Bay Aluminium.
He says the business is trying to survive in the same conditions it faced during the global financial crisis.
Aluminium prices are down by 30 percent because of the high Australian dollar and a global surplus of aluminium.
Mr Mostogl says input costs are up and it is likely to be at least five years before freight volumes at Bell Bay are high enough to attract an international shipping service.
The general manager says it is a steep hill to climb but Bell Bay is well positioned in the market to recover.
The smelter directly employs 520 people.
Ray Mostogl has outlined the challenges facing Bell Bay Aluminium.
He says the business is trying to survive in the same conditions it faced during the global financial crisis.
Aluminium prices are down by 30 percent because of the high Australian dollar and a global surplus of aluminium.
Mr Mostogl says input costs are up and it is likely to be at least five years before freight volumes at Bell Bay are high enough to attract an international shipping service.
The general manager says it is a steep hill to climb but Bell Bay is well positioned in the market to recover.
The smelter directly employs 520 people.
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