CAPITAL MARKETS

Rio's SALCO smelter gets thumbs up

THE Malaysian Government has given mining giant Rio Tinto and construction and financial services group Cahya Mata Sarawak Behard (CMS) the stamp of approval to develop a $US2 billion ($A2.1 billion) aluminium smelter project in the state of Sarawak on the island of Borneo.

MiningNews.Net
Rio's SALCO smelter gets thumbs up

The proposed smelter – known as the Sarawak Aluminium Company (SALCO) – will have a production capacity of 550,000 tonnes per year in its initial phase, which is expected to expand to 1.5 million tonnes....

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