27 August 2008 – Rio Tinto CEO, Tom Albanese said that the development of an aluminium smelter at Coega was ‘viable’ and that the company was still engaged in talks with the South African government on the smelter project.
The company announced a 73% increase in first half earnings (before interest, tax, depreciation and amortisation) of R11.4 billion this week.
Albanese said he was ‘all for’ supporting the development of a power station and that the company had discovered a billion-ton open-pittable thermal coal project in northern Limpopo.
“I think that is an attractive project and perhaps that will be part of the South African energy solution. I would hope so,” he said in an interview with Engineering News.