Pacific Aluminium to trim costs

Rio Tinto’s Pacific Aluminium mine and refinery is cutting costs due to poor performance and a difficult environment, the ABC reports.

The Gove operations site in Arnhem Land, 650 km east of Darwin, has suffered from the high dollar and decreased commodity prices, and aluminium refinery manager Frank Willsdon said that employees who leave will not be replaced.

“Through that, steadily over time, we reduce the manning levels both on our own employee side and also on the contractor side,” he told the ABC’s Country Hour program.

Rio suggested last month that Gove was a poor performer. The Australian reported that the refinery was making losses.

“[The asset] probably most in the position of losing cash in the current market would be the Gove refinery,” said CEO Tom Albanese.