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...
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Aluminium collapse affects CSR Ltd's building boom
Despite surging new home building, tumbling aluminium premiums have cast doubts over CSR's earnings prospects ahead of the building products group's full-year result next month. As the Australian economy struggles to find growth to replace dwindling mining investment, new home building has been a...
China bauxite imports soared 144.07% in March, driven mainly by Malaysia
China imported 4.44 million tonnes of bauxite in March, up 46.91% from February and 144.07% from a year ago, customs data showed. Stockpiles of imported bauxite built up in 2013 are running out, which explains why March’s imports were such robust, SMM understands. Malaysia contributed the most to...
Palaszczuk moves to quell bauxite project concern
The Palaszczuk government will meet traditional owners over last year’s decision to favour Swiss giant Glencore in the development of a bauxite deposit on the western side of Cape York. Development Minister Anthony Lynham yesterday said he was aware of concerns among some native title holders about...
Rio Tinto reports higher coal production for the first quarter of 2015
Rio Tinto reported higher coal production for the first quarter driven primarily by the improved performance of the Kestrel South mine in Queensland after a longwall ramp-up. Semisoft production also increased at Mount Thorley and Warkworth in NSW while at the Hail Creek facility in Queensland...
New aluminium casting technology revives Nissan parts manufacturing unit
Amidst an unsteady manufacturing industry in Australia, Nissan Australia surprised the automotive manufacturing world with claims that the future of its casting and parts factory is secure well beyond 2020. Nissan has adopted a new manufacturing technology is association with CSIRO that prevents...
Glencore reportedly frozen out of Aurukun bauxite rights negotiation
Reports are being heard that Glencore has been frozen out of negotiations with the traditional owners of the Aurukun bauxite developers and has been issued a legal letter informing them that there will be no negotiation regarding mining with anyone else other than Australian Bauxite Developers....
Hair salons initiate aluminium foil recycling program
Frasca, a hairdresser, and co-founder Ewelina Forocko, who holds qualifications in environmental science, first carried out a study of salon waste that showed aluminium foil comprised about 50 per cent of waste. This led to an initiative called Refoil, which was launched three years ago to support...
Altech Chemicals appoints Castle as its Mining and Processing Partner
Altech Chemicals Limited announces that it has signed a Memorandum of Understanding (MOU) with mining services company, Castle Equipment Pty Ltd (Castle), appointing it as mining contractor and processing plant operator for the Company's aluminous clay (kaolin) deposit at Meckering, Western...
Queensland Bauxite drilling targets increased mine life at South Johnstone
Queensland Bauxite's current drilling program at the South Johnstone Bauxite Project in Queensland is targeting an increase in mine life. Drilling is aimed at further increasing the level of JORC Indicated and Inferred Resources. The Exploration Target area has a range of between 193 million tonnes...
S.Korea PPS pays sharply lower aluminium premiums as collapse accelerates
South Korea's Public Procurement Service (PPS) paid a premium of $223 per tonne in its latest aluminium tender, almost a third less than a month ago, highlighting an accelerating collapse in global premiums as supply swells. PPS's purchase of 2,000 tonnes of Australian aluminium for shipment by...
Alumina Limited shares jump 2% following the release of Alcoa quarterly earnings report
Alumina Limited, the 40% owner of Alcoa World Alumina & Chemicals (AWAC) – part of the world’s third largest aluminium producer, Alcoa Inc – has seen its shares jump 2% following the release of a quarterly earnings report. AWAC, which pays dividends to Alumina as part of its major shareholding,...
South32 announces new members for the board
South32, BHP Billiton’s the awaiting spin-off company, add more new board members to the team in preparation of the early June release on the ASX. In an announcement made by the nascent company on Tuesday, they will be expanding their board from four to eight members adding four non-executive...
Deutsche Bank cuts valuation of BHP spin-off
Deutsche Bank has cut the valuation of BHP Billiton’s spin-off company South32 by $US2 billion. Deutsche mining analyst Paul Young says when South32 lists on the ASX it will be valued at $US11.2 billion instead of the expected $US13 billion. This amounts to $2 a share, well below investor...
Queensland Bauxite directors increase shareholding
Queensland Bauxite directors have acquired further shares in the company worth $367,500 from the recent entitlement offer to shareholders. Executive chairperson Pnina Feldman and executive director Sholom Feldman acquired 26,250,000 shares at $0.014 in the offer through Volcan Australia as they...
Worsley Alumina might need to import coal as Griffin fails to provide
Worsley Alumina plant looking to import coal via Bunburry Port as their current coal provider, Griffin Coal grows increasingly more unreliable. Griffin Coal has been suffering for some time and Cockburn Cement is already a victim of the failing coal provider and has resorted to importing their...
Australian Bauxite is on a roll with development of Campbell Town mining centre
Australian Bauxite (ABX) has been swift in developing its first bauxite mining centre near Campbell Town in Tasmania. Australian Bauxite mobilised the construction contractor to the site in December 2014 and was producing its first bauxite within three months. The new Campbell Town mining centre...
Rio and Alcoa to give up Kimberly bauxite project to facilitate a national park
Industry leaders Rio Tinto and Alcoa bow out of the State Agreement Act developed to initiate a bauxite mine and alumina refinery in the north Kimberly region, so that the region can be included in a proposed national park. Mitchel Plateau area was reserved for the development of bauxite mine and...
United Nations suggests recycling metals from ‘urban mines’
United Nations Environment Programme states that the average amount of e-waste generated globally amounts to almost 50 million tons and is expected to grow by a whopping 500 percent over the next decade. Surprisingly, only 15-20 percent of the waste is recycled and as a result a lot of it goes to...
