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le2

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Alias Born 02/18/2007

le2

Re: None

Friday, 07/11/2008 7:28:09 AM

Friday, July 11, 2008 7:28:09 AM

Post# of 4274
købschance alumina selvom aluminium og alumina priserne skyder mod nye højder er den faldet 50% pga mangel på gas i australien pga en eksplosion, der jo selvfølgelig er midlertidig

SYDNEY, July 10 (Reuters) - A gas shortage in west Australia will reduce Alumina Ltd's (AWC.AX: Quote, Profile, Research, Stock Buzz) third quarter after tax underlying earnings by about A$31 million ($29 million), the company said on Thursday.

Alumina's alumina and aluminium making operations are run under a joint venture with Alcoa of Australia, which is 60 percent owned by U.S. based Alcoa Inc (AA.N: Quote, Profile, Research, Stock Buzz) and 40 percent by Alumina.

An explosion on June 3 at Apache Energy's (APA.N: Quote, Profile, Research, Stock Buzz) Varanus Island facility in Western Australia state shut gas production, disrupting power supplies to Western Australia state, including to the alumina refineries run by the joint venture.

Alumina said the estimated impact on earnings from the explosion was based estimates by Apache that supplies will be restored by mid-August 2008. ($1=A$1.05)

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