Part I of this two-part series of research papers identified the theoretical foundations of industrial sustainability and circular economy in the structure of Natural Law, as explained by Maharishi Vedic Science. Part I showed that all levels of a manifest hierarchy are governed by self-referral and selfinteracting feedback loops, and maintained that the circular economic model represents a counterpart to the self-referral mechanics of Natural Law and is therefore more in accord with Natural Law than the standard linear 'take, make, dispose'economic model, which is unsustainable due to its attitude to and management of energy and other resource portfolios, waste and end-of-life products. This Part II explores the self-referral structure of Natural Law in the context of one of the world's largest industrial hazardous wastes: alumina refinery residue or 'red mud'. The paper examines how this solid waste residue, which is generated at a rate of more than 120 million tonnes each year, can: a) be incorporated into a sustainable, circular economic model in order to reduce waste and improve productivity; and b) be reused or repurposed as either a feedstock to other industrial and municipal processes, such as concrete and cementitious product manufacture, agriculture and mine site rehabilitation, or, if such reuse applications generate other forms of waste, how these, too, can enter further cascading circular economies through beneficial reuse.