Job cuts cast doubt over future of aluminium smelters

Job cuts바카라사이트 cast doubt over future of aluminium smelters

Ex-CEO of aluminium smelter, said to be seeking job

Mining minister to unveil new measures this week

Australia’s biggest aluminium smelter could lose its licence to mine precious metals following an investigation into a bid by former senior executive to sell the plant to foreign investors who bid $4 billion more than the company had been paying.

The inquiry into the proposal, which is set for a public hearing on Thursday, follows revelations last by the Australian Competition and Consumer Commission that Mitsubishi would buy the Glencore mill as part of an investment from Singapore.

The latest inquiry by the competition watchdog into the Glencore proposal says Glencore failed to consult with industry during the process to obtain consent for the proposed deal.

Liam Kynaston, CEO of metals company Glencore, appea바카라rs to be seeking a job in Asia. Photo: Bloomberg

The investigation will focus on whether Glencore’s bid would have helped to reduce the company’s debt load and prevent the company’s planned takeover of other mining companies, such as Santos and Rio Tinto.

Glencore’s chief executive was recently named as being a candidate for a job in Asia at Mitsubishi, and was in Perth on a company trip when Australia’s Competition and Consumer Commission (CCC) revealed it planned to launch a formal investigation into the matter on Wednesday.