Current Aluminium Futures Price (per metric ton) = $2614.750
Let's assume Weipa produces approximately 16 million tonnes of bauxite per annum according to this site. It is increasing as this is a 2006 figure.
Apparently it takes 4 tonnes of bauxite to make 2 tonnes of Alumina which in turn makes 1 tonne of Aluminium. Riveting info isn't it ... but stay with me.
Therefore 16mil tonnes of those red balls produces 4mil tonnes of the shiny alloy stuff.
Total gross: 4,000, 000 x $2614.750 = about 10.5 billion bucks.
That's ten THOUSAND MILLION dollars - less a few quid to run the mine, smelter and refinery, I suppose.
Proving that digging dirt as fast as you can will not only make you filthy ... it'll make you filthy bloody rich.
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2 comments:
Yes, I would like to see some more money go back into the community. Everything that RTA does in this town is cheap & nasty.. Look at the parks, roads & infrastructure, cheap, cheap, cheap.. It can't be all take and no give.
What happened to our green belts - with that sort of money surely they could have been maintained according to the old town design - at least they had some foresight. Shame shame shame..... and this is progress!
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