Boyne smelter cuts

Boyne smelter cuts

According to reports, Rio Tinto’s Boyne aluminium smelter in Gladstone is set to slash more than 100 jobs and about 80,000 tonnes of annual production — worth $US160 million at current prices — because it has been unable to secure economically-priced power from state power providers.

The production and job cuts are almost double those flagged in January, when Rio Tinto said it would cut 8 per cent of production, or 45,000 tonnes, and about 30 jobs because power price spikes were hitting production cuts.

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