Bauxite News - General

Alcoa to bear $240 million for WA bauxite mining delays

  | AlCircle   |

Alcoa has informed its US investors that delaying approvals to elongate its bauxite mining in Western Australia (WA) will cost approximately $240 million in 2023.

Alcoa to bear $240 million for WA bauxite mining delays

Nonetheless, stricter environmental standards would help maintain community support, allowing it to continue mining South West forests for another few decades. Until it is granted permission to mine portions of the jarrah forest with better-grade ore, its refineries south of Perth will produce less alumina at a higher price.

Roy Harvey, the CEO of Alcoa, said, “The hold-up was due to something other than introducing new regulatory requirements. However, as environmental protection demands grew, so did the information submitted to regulators, which required planning.”

“Taking a step back and giving ourselves a little extra time would make sense from a risk mitigation approach, given how important Western Australia is to Alcoa.”

Western Australia has remained the $12.8 billion American company's backbone in bauxite mining and alumina refining, providing 75 per cent of Alcoa's bauxite and 71 per cent of its alumina in 2022.

From April until Alcoa's rolling five-year mining and management programme receives its annual approval by a committee of state government departments and is approved by Minister for State Development Roger Cook, the expenses will grow by more than $25 million a month.

Global Aluminium Expo 2023

A recent gas shortage caused Alcoa to reduce production at its Kwinana alumina refinery by 30 per cent, which resulted in an estimated loss of $US25 million.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Related Business Leads
Selling offer Bauxite
Al203: 55-60% SiO2: 1-5% CaO: 0.3-1% Fe203: 18-22%  Moisture: 1-4% We are producing bauxite from our own quarries in Mugla,Turkey. We are supplying b...
Posted On : 09/Aug/2022

We are Mining Group /Cooperative selling of BAUXITE & GOLD in West Africa, looking for a buyer for a longterm contract of selling our product, please ...
Posted On : 01/Nov/2021

Selling offer BAUXITE
Al2O3 : 54-58 %  / SiO2  : 6-8 %  for lumpy Al2O3 : 50-54 %  / SiO2  : 6-9%  for fine grade Al2O3 : 46-54 %  / SiO2  : 08-18 %  for cement category ...
Posted On : 28/Oct/2021

Buying request Bauxite Ore
Need Bauxite Ore in bulk shipment. 50,000 MT (10+/-). Your price is USD 16.00/MT FOB Iskender port, Turkey. Evevry 2 months once and 6 shipments per ...
Posted On : 23/Aug/2021

We are miners and exporters of monohydrate bauxite ore from our mines in souther part of Turkey. We stock 50.000 Tonnes Lumpy Bauxite Ore ready for sh...
Posted On : 18/Jun/2021
Alternate Text
EPIQ Machinery
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Alternate Text
RIA Cast House Engineering
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Alternate Text
Altek
Leading manufacturer of value-added equipment for the aluminum casthouse
Alternate Text
Jagannath Company
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals
Alternate Text
CETAG
A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.
Alternate Text
LB ALUMINIUM BERHAD
Leading Aluminium Extruder in South East Asia, offering world class solutions from die fabrication, extrusion to value-added finishing.