Rio Tinto Aluminium was supposed to invest up to RM7 billion to establish an aluminium smelting plant project in Samalaju.
Then early this week, it was announced that this won’t be happening in the foreseeable future.
Members of the opposition were quick to point out that this was proof that the Government has surely stumbled big time in developing the Sarawak Corridor of Renewable Energy, or as we like to call it, SCORE.
One opposition politician even mentioned that not only was this a big boo boo for the Government, it was also a political ploy for the 13th General Election.
There’s RM7 billion on the line! The reason is economics…pure and simple.
Rio Tinto couldn’t get the electricity tariff they wanted, so they dropped their plans. That’s all there is to it.
And judging by some of its more recent moves regarding its operations throughout the world, we…
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