Call for environmental review of Adelaide Brighton Cement

The Greens have called for an early review of the emissions
license for Adelaide Brighton Cement’s Birkenhead
plant because its oxide and dust emissions are on the rise.

The ABC reports that, while the plant’s 10-year license
expires in 2017, the Greens say it should be reviewed before that date.

Greens leader Mark Parnell said that, according to Adelaide
Brighton Cement’s own data, the plant’s emissions of sulphur dioxide alone have
nearly trebled since 2009-10.

“The figures that have come out from the Commonwealth
Government are figures that were provided by Adelaide Brighton Cement. It’s
their own estimate of how much pollution they’re causing and those are the
figures that have been going up for the last four years,” he said. reports that in recent times, as the cement
industry in Australia and New Zealand has gone through hard times, Adelaide
Brighton Cement has performed well.

Following reduced sales in 2013, the company reported
growing sales in the first quarter of this year. ranked Adelaide Brighton Cement as one of its “23
stocks to watch in the new financial year”.

“The stock offers a solid dividend yield and meaningful
capital management potential in our view. Stable earnings and cash flow
supports its attractive dividend yield. While market-related earnings growth
potential is limited and market sentiment around the stock is negative, we
believe that on the current share price it represents good value,”