Chalco Pulls Out of Aurukun Bauxite Mine

By Joel ScanlonJul 1 2010

Chalco, the Chinese Aluminum company has pulled out of a proposed project at Aurukun in north Queensland. Chalco is the world’s largest producer of alumina and this was to be its first investment in Australia.

Chalco chief executive Xiong Weiping said that the global aluminum industry had deteriorated significantly since the development agreement for the bauxite mine at Aurukum was signed in March 2007, so they allowed their project to lapse.

The proposed bauxite mine at Aurukun was awarded to Chalco on condition of its building a $2.2 billion refinery at Abbot Point near Bowen, south of Townsville.

Mr. Weiping also said that Chalco looked forward to discussing new development and investment options with respect to the Aurukun resources. Chalco also looked forward to new investment opportunities in the resources sector in Australia and Queensland.

Treasurer Andrew Fraser says the State Government remains committed to ensuring bauxite mined from Cape York is processed in Queensland. He was also disappointed at how long drawn the things at Aurukun bauxite project had become.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

APA
Scanlon, Joel. (2019, March 19). Chalco Pulls Out of Aurukun Bauxite Mine. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=83.
MLA
Scanlon, Joel. "Chalco Pulls Out of Aurukun Bauxite Mine". AZoMining. 21 November 2024. <https://www.azomining.com/News.aspx?newsID=83>.
Chicago
Scanlon, Joel. "Chalco Pulls Out of Aurukun Bauxite Mine". AZoMining. https://www.azomining.com/News.aspx?newsID=83. (accessed November 21, 2024).
Harvard
Scanlon, Joel. 2019. Chalco Pulls Out of Aurukun Bauxite Mine. AZoMining, viewed 21 November 2024, https://www.azomining.com/News.aspx?newsID=83.