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$40M lifeline for Point Henry

ALCOA Australia expects to operate the Point Henry aluminium smelter in Victoria until at least mid-2014 after receiving more than $A40 million from the state and federal governments, allaying earlier fears of the smelter being shut down.

Brooke Showers
$40M lifeline for Point Henry

The smelter will be saved through the government assistant package and structural changes which include reducing the 600-strong workforce by around 10%. Alcoa said wherever possible the reduction in...

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