THE AUSTRALIAN
Carbon tax puts alumina plant at risk, warns Rusal
Edited by : AL CIRCLE
1 min read
THE world's largest aluminium producer has warned that soaring coal, gas and electricity prices are seriously undermining the competitiveness of operations in Queensland's booming Gladstone region and that the carbon tax will aggravate the situation.
Russian aluminium giant Rusal, which has a 20 per cent stake in the Queensland Alumina refinery based in Gladstone, has also warned that labour costs are escalating because of the boom in the liquefied natural gas industry in the region.
The federal mandatory renewable electricity target has driven up electricity prices, as has investor reluctance to invest in new baseload power stations because of the threat of the carbon tax, the company says.
Russian aluminium giant Rusal, which has a 20 per cent stake in the Queensland Alumina refinery based in Gladstone, has also warned that labour costs are escalating because of the boom in the liquefied natural gas industry in the region.
The federal mandatory renewable electricity target has driven up electricity prices, as has investor reluctance to invest in new baseload power stations because of the threat of the carbon tax, the company says.
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