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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Australian Bauxite ups Tasmanian bauxite resources
Australian Bauxite has estimated initial resources for its Bald Hill mine near the Campbell Town production centre in Tasmania to be 3.5 million tonnes. Total Tasmanian bauxite resources now total 9.2 million tonnes, an increase of 61%, with bulk test pits in mid-2013 indicating yields of 65% to...
RET talks break down again between Federal Government and the Opposition
Talks between the Federal Government and the Opposition on the Renewable Energy Target have broken down again. The target is for 20 per cent of Australia's energy mix to come from renewable sources, like wind and solar, by 2020. Both parties agree the target is now too high because energy demand in...
New process can help 'make aircraft recycling a reality'
Researchers at Australia's Deakin University have developed a technology 'that should open the way to recycling the bulk of the 200 000 aircraft currently traversing the airways'. The university calculates this breakthrough would see around 6 million tonnes and billions of dollars’ worth of...
Novaproducts new aluminium stair nosing for sandy and abrasive environments
Novaproducts Global has released a new aluminium stair nosing product specially designed for the sandy and abrasive environment prevalent in Western Australia. Novaproducts’ new Fineribb CCRG stair nosing is made from special commercial grade aluminium and has a tough extra grade anodised surface...
BHP flags $US738m demerger costs
BHP Billiton expects to incur one-off costs of around $US738 million on its $US15 billion ($A18.5bn) spin-off of non-core aluminium and manganese assets into South32, but has flagged further reductions to its cost base following the transaction. Investors responded well to the news. By 4.15pm...
Rio Tinto adds 15 new apprentices at Weipa bauxite operation
Fifteen new apprentices have picked up their tools and launched their careers in the mining sector with Rio Tinto’s Weipa bauxite operation. The recruits will develop skills in fields such as diesel fitting, fitting and turning, electrical, and boilermaking over the next three to four years to gain...
Rusal raises China aluminium exports with Australian government
Top global aluminium producer Rusal said it has raised China's swelling aluminium exports with the Australian government, and wants the issue tabled at the next meeting of the world's top customs body. John Hannagan, chairman of Rusal Australia, and a director of the Australian Aluminium Council,...
South Korea buys 2,000 tons of aluminium paying the lowest premium
South Korea has paid the smallest premium in more than a year to source aluminium, the results of a tender showed on Wednesday, the latest sign of intensifying pressure on premiums that is putting the operations of global producers under threat. South Korea bought 1,000 tonnes of aluminium to be...
Tomago aluminium pushes for a final call on RET
As the fate of RET still remains in the dark, Tomago Aluminium is making fresh attempts to urge the MPs and senators to reach a final decision on the case soon requesting a 100 percent exemption for the aluminium industry to be effective from January 1, 2015. The energy-intensive aluminium industry...
China posts over 600,000 tonne fall in bauxite Imports from Australia, Malaysia in Jan 2015
China’s bauxite imports fell 20% on the month to 2,587,823 tonnes in January 2015, customs data showed. Imports from Australia and Malaysia – China’s major suppliers – fell 330,664 tonnes and 367,632 tonnes, respectively, from a month ago, the major reason behind the month-on-month decline in total...
Alcoa enters a new gas supply agreement with Santos
Alcoa today welcomed the announcement of a new gas supply agreement with Santos. Commencing in 2018, the five-year agreement to supply natural gas to Alcoa’s Western Australian alumina refineries will meet 18 per cent of Alcoa’s WA gas requirements. “We hope this agreement will lead to other gas...
New technology for recycling aluminium alloy revealed at the Australian International Airshow
Australians demonstrated some clever innovations at the Australian International Airshow conducted last week which included a new way of recycling aluminium. Australia’s boffins demonstrated this country could still lead the way when it comes to aviation research. Deakin University metallurgist...
Aluminium a stand out at Sculpture by the Sea
It is stylish, strong, lightweight, non-corrosive and shines brilliantly in daylight; all reasons why nine artists used aluminium in their Sculpture by the Sea artworks this year. 2015 marks the 11th year founding partner Alcoa of Australia has lent its support to the iconic sculpture showcase...
Clean Energy Council keen to clear air on RET
Protracted negotiations on the future of the Renewable Energy Target could be on the verge of a breakthrough with the Clean Energy Council in talks with Labor and the government on a deal. After Labor rejected the government’s latest offer on Monday, the CEC has made it known it is keen for a deal...
Queensland Bauxite requests trading halt, pending placement
Queensland Bauxite has requested a trading halt for its shares from the ASX pending an announcement of a placement. The company said the halt is requested until commencement of trading on Thursday 5th March 2015. Recently, QBL extended its one-for-four entitlement issue priced at $0.014 per share...
Rio Tinto slashes job in a cost-cutting drive
Rio Tinto Plc said on Friday that in its latest moves to slash costs in response to weak commodity prices it was letting go its energy chief, rolling its coal and uranium businesses into two other units and cutting some other corporate jobs. Rio's coal mines in Australia will be folded into the...
Carbon tax repeal raised energy prices: Alumina
Alcoa's Australian assets have faced higher energy costs since the carbon tax was repealed, in revelations that challenge one of the primary criticisms of the controversial scheme. The higher energy costs were revealed on Thursday by Alcoa's local joint venture partner, Alumina Limited, which said...
Alumina Limited reports net loss for the year 2014
Australia’s Alumina Limited reported a net loss of $US 98.3 million for the year 2014 ending in December while in 2013, the company had reported a profit of $US 500,000. Two major changes for the company in 2014 have been the sale of stakes in Jamaica’s Jamalco refinery and the closure of Point...
