World Aluminium Market
Score unaffected by aluminium smelter cancellation - Mr Taib
Edited by : AL CIRCLE
1 min read
Bernama reported that the scrapping of the proposed MYR 7 billion aluminium smelting plant project in Similajau, near Bintulu will not affect the implementation of the Sarawak Corridor of Renewable Energy.
Mr Tan Sri Abdul Taib Mahmud CM of Sarawak said that there were probably 2 other investors on the waiting list following the termination of the pact between Cahya Mata Sarawak, Rio Tinto Aluminium, Sdn Bhd and Sarawak Energy Bhd to construct the plant, located within the Score region.
Mr Taib said that in fact, Sarawak is short of power for aluminium at the moment and can only accomodate one (project) at a time. So if this one JV is not on it does not matter. The Rio Tinto side had come to see him on the matter besides informing that the Australian mining giant had underwent some slight restructure lately.
He said that so, as far as Rio Tinto is concerned, they said the company is not going to go for the first phase only and is not going to participate at this stage because they do not want to be tied down.
Mr Tan Sri Abdul Taib Mahmud CM of Sarawak said that there were probably 2 other investors on the waiting list following the termination of the pact between Cahya Mata Sarawak, Rio Tinto Aluminium, Sdn Bhd and Sarawak Energy Bhd to construct the plant, located within the Score region.
Mr Taib said that in fact, Sarawak is short of power for aluminium at the moment and can only accomodate one (project) at a time. So if this one JV is not on it does not matter. The Rio Tinto side had come to see him on the matter besides informing that the Australian mining giant had underwent some slight restructure lately.
He said that so, as far as Rio Tinto is concerned, they said the company is not going to go for the first phase only and is not going to participate at this stage because they do not want to be tied down.
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