An expansion of the Queensland Alumina Refinery will have to wait for the local booming project construction market to cool down, according to Jacynthe Cote, chief executive of bauxite and alumina for Alcan, which holds a 41.4% interest in the plant.
Cote, speaking at the Melbourne Mining Club in Australia, said that although the company viewed an expansion in Queensland as one of a number of global growth opportunities, Australia had become a "challenging environment for major projects".
Expansion is an "opportunity we have but we would like to see the local market cool down before proceeding," she said.
Other shareholders in Queensland are Comalco with 38.6% and RusAl with 20%.
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