Business

Supply issues threaten alumina industry

INVESTMENT in Australia's alumina refinery industry is being squeezed out by the uncertainty around the future of domestic gas supply, the industry association said on Thursday.

Executive director of the Australian Aluminium Council, Miles Prosser, raised the industry's concerns after a report released on Wednesday highlighted the risks the booming export of gas posed to Australian manufacturers.

Mr Prosser said the boom in LNG exports was impacting the alumina industry's ability to secure long-term supply for refineries around the country.

The alumina industry, including the large refinery in Gladstone, Central Queensland, relies on a secure supply of both bauxite and gas to refine the bauxite, to make aluminium.

"If Australia's world-class alumina industry is to continue growing and therefore maximising the returns on Australia's vast reserves of bauxite, our industry must be able to access reliable and competitive sources of natural gas - which is not currently the case in Australia's natural gas markets," Mr Prosser said.

He urged all Australian governments to recognise the issues around domestic natural gas and to take steps to minimise the impact on value adding industries such as alumina refining.

Mr Prosser's call for action on domestic gas supply came the same day Energy Minister Martin Ferguson was in Singapore, promoting Australia's ability to export LNG to overseas consumers.

Mr Ferguson told a Singapore industry gathering it could play a crucial role as a commodity trading centre for Australia's projected exports of more than 750 million tonnes of LNG by 2016-17.

"Singapore's role in this regard is growing as spot markets are increasingly used in other commodities such as coal and iron ore," he said.

"And Singapore has ambitions to extend this to LNG over the coming decade."

Topics:  mining, singapore



Mooball plans on the moo-ve

BIG PLANS: The village of Mooball from above.

Big plans for he quaint village of Mooball have the green light

Tweed United gunning for a top-four, finals’ finish

Tweed United captain and top goal scorer Michael Kolovos and his side are hell-bent on a top-four finish in season 2016.

"Our Destiny is in our own hands."

Charges against accused Lone Wolf bikie dismissed

Mark Clinton Atta-Singh leaving Tweed Heads Local Court, cleared of all charges.

Charges against accused Lone Wolf bikie dismissed

Latest deals and offers

What's on the small screen this week

MasterChef Australia's final four contestants, from left, Harry Foster, Elena Duggan, Elise Franciskovic and Matt Sinclair.

MASTERCHEF makes way for The Bachelor on Ten's reality TV slate.

Guy Sebastian a hit at Splendour in the Grass

Guy Sebastian performs at Splendour in the Grass with Paces.

REALITY TV judge a hit with festival crowd.

Superheroes of the big screen enjoy sounds of Splendour

CHRIS Hemsworth and his Avengers mates drop by Byron festival.

Dynamic pics from Splendour Day 1

The Strokes perform at Splendour in the Grass 2016. Photo Marc Stapelberg / The Northern Star

Check out the latest pictures from Splendour in the Grass.

Bindi Irwin: 18 magic photos to mark her 18th birthday

Bindi Irwin with a python.

Photos: Bindi Irwin from babyhood to 18

Aussie director makes his mark on new Roots mini-series

Malachi Kirby as Kunta Kinte in a scene from the TV series Roots.

BRUCE Beresford behind final episode of remake of iconic series.

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

Massive residential 9-storey high-rise hit by delays

An artist’s impression of the eight-storey-high apartment complex that Bernoth Holdings wants to build in South Toowoomba, next to the City Golf Club.

Developer struggles to get approved high-rise development started