The agreement also touches upon potential financial participation and ownership/operation of the plant by Glencore, although no timetable has been set for these negotiations.
Glen Kelly, Orbite's COO, is pleased with the Glencore deal considering the company's 'stature and experience in the alumina industry'.
The Metals and Minerals division of Glencore Xstrata is focused on alumina/aluminum, copper, nickel, zinc/lead, alloys, and iron ore, with interests in both controlled and non-controlled industrial assets that include mining, smelting, refining and warehousing operations.
Glencore Xstrata is a global diversified natural resource companies. Its industrial and marketing activities are supported by a worldwide network of more than 90 offices in more than 50 countries, with diversified operations comprised of more than 150 mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities.