Swan says no bailout for struggling aluminium sector on the cards

Australian Treasurer Wayne Swan on Friday ruled out the possibility of federal funding for the struggling aluminium sector, despite the fact that more than 600 jobs could be on the line. Earlier this week, Alcoa announced that it would be...

Alcoa reviewing viability of Victoria smelter

Aluminium major Alcoa would be reviewing the viability of the Point Henry aluminium smelter, in Victoria, as global economic conditions continued to deteriorate. The miner said on Wednesday that the current global economic conditions were...