Alcoa prices $2.6b senior notes for South32 bauxite, alumina and aluminium deal
Alcoa Corporation has set the price for a USD 2.6 billion senior notes offering to help finance the cash consideration for its proposed acquisition of South32’s bauxite, alumina, and aluminium assets . Along with the cash on hand, this debt is expected to provide permanent funding for the...
85% recycled aluminium: Recorp raises the bar for sustainable beverage cans
Aluminium cans are under the spotlight among consumers and beverage manufacturers looking for more recyclable packaging, with the material already holding a strong circularity position against plastic and glass. Recorp tunes it further with ReCan85, an aluminium beverage can containing 85 per cent...
Grow with
AL Circle
BHP Billiton's South32 spin-off tipped for success despite commodities downturn
Mining spin-off South32 has received a positive response from institutional investors just weeks after the company was de-merged from its parent BHP Billiton. Brokers Jefferies and Deutsche Bank have slapped glowing recommendations on the company, which has a market value of around $10bn (£6bn)....
Worsley Alumina demerges from BHP Billiton
Collie's Worsley Alumina has legally separated from BHP Billiton to join a new global resources company, South32. Worsley is a key asset for South32, which has operations across five countries and 11 commodities and more than 27,000 employees and contractors. The changes coincide with new...
Bauxite Resources Limited community advisory group established for Bauxite Mining
A Bauxite Mining Community Advisory Group (BMCAG) has been established as an initiative of Bauxite Alumina Joint Ventures (BAJV) and Bauxite Resources Limited, to develop the Felicitas and Fortuna bauxite mining projects North of Wundowie. The Fortuna Project is 100 per cent owned by BRL, has...
Qld Govt announces another review, this time into recycling
Queensland may be perfect one day and better then next but it is also Australia's worst litterer with a rubbish rate 40 per cent above the national average. To combat the problem, Environment Minister Dr Steven Miles has announced a review into the state's recycling system with a focus on...
South32 arrives with focus on yield
BHP Billiton's (BHP) new baby South32 (S32) has been christened, having commenced trading on the Australian Securities Exchange. With the much heralded listing several brokers step up to initiate coverage of the stock. At this stage, there are three Buy ratings on the FNArena database with a...
Queensland Bauxite drilling to expand Indicated Resource base
Queensland Bauxite has committing to a significant drilling program at its flagship South Johnstone project near Innisfail in Queensland and has encountered new bauxite in areas not explored before. The project has an overall massive exploration target area of between 193 million tonnes and 405...
Expansion on cards for Boyne Smelters Ltd
Boyne Smelters Ltd can now focus on expansion plans after an announcement it would be exempt from the national emissions scheme. This week the Federal Government finalised a deal to remove trade-exposed industries from the renewable energy target scheme. The bipartisan deal means BSL has avoided a...
The South32 rises: BHP's spin-off gains on day two
The share price of South32, BHP Billiton's spin-off, is the best performer on the ASX on its second day of life as a listed entity. South32 contains a bunch of assets and commodity exposures BHP considered to be "non-core". These include aluminium and manganese, as well as coal and nickel...
RET deal to save Tasmanian company Bell Bay Aluminium $10m in power costs
Tasmania's major industrials have won a full exemption from the Renewable Energy Target (RET) under a deal struck between the major parties over the scheme's future. The Federal Government and Labor agreed to lower the target, meaning 33,000 gigawatt hours of Australia's electricity will be from...
Rio Tinto puts aluminium assets on block in potential $1bn deal
Rio Tinto is making a fresh attempt to sell unwanted aluminium assets in a potential $1bn deal, the latest sign of global miners’ attempts to restructure in the face of a commodities downturn. The Anglo-Australian company has engaged Credit Suisse to find a buyer for its Pacific Aluminium business,...
Altech appoints Simulus as EPCM parter for Meckering
Highlights • Appointment of local company Simulus Engineering as EPCM partner for Meckering • Simulus was instrumental in testwork and development of flowsheet • Simulus is the key engineering contractor on the BFS Altech Chemicals Limited is pleased to announce that it has now appointed Simulus...
Rio Tinto plans to expand its bauxite operations in South of Embley, Queensland
Rio Tinto plans to expand its bauxite operations and would be reviewing the feasibility study for South of Embley, in Queensland later this year. The South of Embley project will allow Rio to use an existing mining lease to expand its bauxite mining to a location south to its Weipa operations. The...
Alcoa to close the Anglesea power station
Lightweight metals leader Alcoa today announced that Alcoa of Australia will permanently close the Anglesea coal mine and power station on August 31, 2015. The Anglesea power station previously supplied approximately 40 percent of the power needs for the Point Henry smelter in Geelong, Victoria....
Bell Bay Aluminium acquires deal from Tasmanian government securing 1,500 jobs
Bell Bay Aluminium had urged the government of Tasmania in February that increasing the electricity rates will hit the company hard and may result in large scale jobs cuts. In return, the government has struck a secretive deal with the firm that could secure the 1,500 jobs that were in risk. The...
Alumina sees a jump in earnings for Q1 2015
Alumina says average earnings per tonne jumped at its AWAC joint venture during the first quarter of the year amid "healthy demand" and lower costs, while the longer-term outlook is likely to benefit from a global supply squeeze. Chief executive Peter Wasow said average alumina earnings before...
South32 gets official nod of approval from BHP shareholders
South32, BHP’s non-core spin off company, finally gets an official nod from BHP Billiton shareholders on Wednesday. 98.05% of the shareholders were in favour of the spin off company that will now get a separate listed entity. The much talked about company will handle BHP’s erstwhile assets in lead,...
BHP's South32 risks tough market debut
BHP Billiton's shareholders are expected to approve the biggest ever spin-off in the mining industry on Wednesday, seeking to wring more value out of a string of long-neglected aluminium, manganese, silver and nickel assets. But the new company, South32, risks a tough May 18 debut on the Australian...
Queensland Bauxite Limited quarterly activities and cashflow report
During the recent quarter Queensland Bauxite signed a Heads of Agreement (HOA) with Far North Queensland Ports Corporation Limited (Ports North). Other Highlights: - Heads of Agreement signed with Ports North for Mourilyan Port - Environmental consultants progressing approvals - Investment by China...
