Storm in an aluminium smelter


	Storm in an aluminium smelter

hayesstw

4-2-2008 3:50 AM

297 views

hayesstw says:

Valli Moosa, the chairman of the Eskom board, and former Minister of Environmental Affairs, said at a meeting last night that South Africa would not have a power crisis if there were no big aluminium smelters, but said that this as a sensitive matter, as the row between Standard Bank and BHP Billiton shows.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1fbd12d0-357c-44ba-901f-4945a38ef286/4601CFEC-842A-4F3F-9299-795363CEC2B6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.miningweekly.co.za/article.php?a_id=129987" href="http://www.miningweekly.co.za/article.php?a_id=129987" style="font-size: 11px;">www.miningweekly.co.za</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.miningweekly.co.za/article.php?a_id=129987"><DIV>Both mining giant BHP Billiton and South African banking group Standard Bank were on Friday tight-lipped over the name of a senior bank executive who made remarks that led to the diversified miner taking its business away from the firm.</DIV><BR /><DIV>This came after financial daily <EM>Business Day </EM>reported that a Standard Bank senior executive had suggested at a Business Leadership meeting with government that BHP Billiton should shut down its power-heavy Richards Bay Hillside aluminium smelter because it added little value to the economy.</DIV><BR /><DIV>"All I can say is that BHP Billiton can confirm it has taken a corporate decision to phase out its business links with Standard Bank," BHP Billiton spokesperson <STRONG>Bronwyn Wilkinson</STRONG> told <EM>Mining Weekly Online</EM>. "The reasons behind this decision have been conveyed to the bank."</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4601CFEC-842A-4F3F-9299-795363CEC2B6/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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