Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

03 NOVEMBER 2016 AL CIRCLE

Metro Mining’s offer to acquire Gulf Alumina confirmed superior to Molly Mines

EDITED BY : BEETHIKA BISWAS 2MINS READ

Metro Mining Ltd has confirmed through a press release that the board of Gulf Alumina Limited has announced Metro’s offer to the acquire all of the shares of Gulf to be superior to the proposal from Moly Mines Ltd.

It is to be noted that Metro Mining currently owns a 39.3% interest in Gulf Alumina and owns the full subsidiary of the Bauxite Hills project adjoining Gulf’s bauxite project at Skardon River, Cape York. As seen by Metro their offer projects a logical opportunity to do a business of over $200 million in synergies from the combined projects of Metro and Gulf. This projection is based on an estimate by Grant Thornton and Xstract Mining Consultants in Gulf Alumina’s independent expert report from May 2016.

News

The collaboration of Metro and Gulf will create a leading independent Australian bauxite company in Cape York. The company is expected to deliver value for all stakeholders, including shareholders, traditional owners, the local community and state and federal governments.

Metro’s offer is subject only to Metro’s relevant interest in Gulf shares exceeding 51% during the offer period. Metro’s offer is expected to close on 5 December 2016 on the acceptance of Gulf shareholders, unless extended further.

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Metro Mining observes that Moly’s proposal is inferior in value and it does not provide any synergies like Metro. The offer is conditional and requires approval from FIRB and ASX (among others). In fact, a number of pre-existing conditions are beyond Moly’s control and are not easy to satisfy.

According to the offer implementation agreement between Gulf and Moly, Moly still has time until Tuesday, 8 November 2016 to match Metro’s Offer before the Gulf board can recommend the superiority of Metro’s offer to Gulf shareholders.