Ghana to Restart Valco Aluminum Smelter This Month, Times Says-Shanghai Metals Market

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Ghana to Restart Valco Aluminum Smelter This Month, Times Says

Industry News 10:00:19AM Dec 08, 2010 Source:SMM

Dec. 8 -- Ghana will restart its Volta Aluminum Smelter later this month after a two-year shutdown, the Ghanaian Times reported.

The factory, which has started a test-run of its machines, will have its power consumption subsidized by the government through tax exemptions, the Accra-based newspaper said, citing Minister of Energy Joe Oteng-Adjei.

Valco was shut down due to low aluminum prices on the world market and high electricity costs, it said.


 

Ghana to Restart Valco Aluminum Smelter This Month, Times Says

Industry News 10:00:19AM Dec 08, 2010 Source:SMM

Dec. 8 -- Ghana will restart its Volta Aluminum Smelter later this month after a two-year shutdown, the Ghanaian Times reported.

The factory, which has started a test-run of its machines, will have its power consumption subsidized by the government through tax exemptions, the Accra-based newspaper said, citing Minister of Energy Joe Oteng-Adjei.

Valco was shut down due to low aluminum prices on the world market and high electricity costs, it said.