Oman's Sohar Aluminium holds back expansion

DUBAI: Oman's Sohar Aluminium, part-owned by a unit of global miner Rio Tinto, has put the second phase of its plant on hold for now as the company assesses prospects for the metal, its chief executive officer (CEO) said yesterday. Sohar Aluminium, a US$2.4 billion joint venture located in Oman's Sohar industrial port, completed the first phase of the project in February and is operating at full production capacity of 360,000 tonnes per year. "However with regards to our phase two expansion plans which will add another 360,000 tonnes to our capacity, we still don't have a set timeline for that," Sohar Aluminium CEO Bruce Hall said. - Reuters