• Rio has suspended production at its loss-making alumina division of its huge refinery at Gove, in Australia’s Northern Territory
  • The Gove operation is the Northern Territory’s biggest employer
  • According to Rio, contributes $500mn annually to gross regional product
  • It has 1500 staff, mostly in the alumina division. Its bauxite division, which has 350 staff, is profitable and will stay open.

Source; Fast FT

Link to Rio statement

–

This comes on top of the negative news re ADm takeover announced earlier