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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Alumina Limited breaks dividend drought
Alumina Limited has broken a three-year dividend drought after posting a slightly better than expected underlying profit of $US91.1 million ($117 million). Shareholders in the company, which operates a joint venture with American aluminium giant Alcoa, have not been rewarded for their patience...
ADC completes inquiry into anti-circumvention activity in relation to aluminium extrusions
The Anti-Dumping Commission (“ADC”) has completed its inquiry into the alleged anti-circumvention activity of five importers (“Importers”) of aluminium extrusions exported by Pan Asia (“Goods”), which have allegedly avoided the intended effect of the duty imposed on certain aluminium extrusions...
Queensland Bauxite extends time for entitlement issue
Queensland Bauxite has offered shareholders additional time to take up shares under its one-for-four entitlement issue priced at $0.014 per share to raise up to $1,782,167. The issue, which now closes on 10th March 2015, includes one free attaching option exercisable at $0.10 and expiring 31st July...
Altech Chemicals produces competitive high purity alumina results
Highlights · Analysis of Altech’s high purity alumina (HPA) samples confirmed lower levels of impurities compared to leading HPA competitors. · Results of test work incorporated into process design for further optimization Altech Chemicals Limited is pleased to announce that as part of the Bankable...
Prime Minister under pressure from backbench to legislate aluminium renewable target exemption
Prime Minister Tony Abbott is under pressure from his backbench to introduce legislation making aluminium smelting exempt from the Renewable Energy Target (RET). The aluminium industry has successfully lobbied the Coalition to grant its smelters an exemption from the RET. Labor agreed to support it...
Metro Mining lowers cost on Bauxite Hill mine
A new prefeasibility study (PFS) on the Bauxite Hills project, in Queensland, has revealed that the project could deliver some two-million tonnes of direct shipping ore (DSO) product, over a 21-year mine life. Owner Metro Mining told shareholders on Tuesday that the DSO option allowed for the...
Australian anode manufacturing foundry sets up solar power unit; saves 25% power
Cathodic Anodes Australasia, a manufacturing company at Kunda Park has recently installed a 320-panel solar power plant saving the business 25% on energy bills, says general manager Ross Gorfine. The company manufactures products made up of aluminium and zinc for rust and corrosion protection which...
Metro Mining to release pre-feasibility study for Queensland bauxite project
Metro Mining has been granted an ASX trading halt in relation to the release of a Pre-Feasibility Study and Reserve statement for its Bauxite Hills Project in Queensland. Yesterday, the company estimated a JORC2012 Indicated Resource of 30.3 million tonnes of direct shipping ore (48.4% total AI2O3,...
China turns to Australia for more bauxite
Australia has been exporting more bauxite to China after Indonesia began limiting exports of raw ore last year. Vessel-tracking data from IHS Maritime's Market Intelligence Network show six ship calls at Australian bauxite ports Weipa and Gove in January. In total, 496,643 tonnes of bauxite were...
Weipa mine to use renewable energy owing to ARENA’s funding
Weipa bauxite mine will soon become the first mining site to adopt renewable energy thanks to the Australian Renewable Energy Agency (ARENA) who is providing the funds worth around $23.4 million for the revolutionary two-phased project. For the first phase of the project, ARENA will be shelling out...
Tomago smelter helps pull AGL out of the red
AGL, a gas giant in Australia has reported an increase in half-yearly profits by 25% stating that its recent acquisition of Macquarie Generation worth $1.5 billion has been beneficial while things are looking positive for the Hunter Valley-based Tomago aluminium smelter. The company has reported a...
Quintrex reveals new aluminium trailers
Quintrex announced new trailers, including the first aluminium model for boats as little as 4.2m. Quintrex said the aluminium trailer range has been popular given its lightweight design. While Quintrex sells many of these trailers as packages, the company hopes to increase its share in the stand...
Queensland Bauxite finalized a port deal with Port of Mourilyan
Queensland Bauxite has finalized a deal with Far North Queensland Ports Corporation Limited to make Port of Mourilyan their port partner, allowing the company to allocate 800,000 tonnes of bauxite per year, according to the contract agreement. Located 16-25 kms away from the South Johnstone mining...
Queensland Bauxite to top up cash reserves for bauxite project
Queensland Bauxite will look to top up cash reserves for development of its South Johnstone Bauxite Project offering one new share for every four shares held at an issue price of $0.014 per share plus a free attaching option to shareholders. Offer proceeds will be used to prove up larger tonnages...
Fire threatens BHP's Worsley Alumina mining site
A bushfire is hampering mining operations for BHP Billiton and Newmont Mining at two sites south of Perth. The mining giants are closely monitoring an out of control bushfire which has burned more than 30,000 hectares in the south west of Western Australia. A house has been destroyed and about 50...
EPA faces the challenge of cleaning up Alcoa’s abandoned Point Henry Smelter
The environmental guardians of Victoria are up for a challenge with a massive rehabilitation project for the defunct Point Henry smelter looming close which will test their ability to deal with the daunting task. The Environment Protection Authority has faced a lot of flack lately as the current...
Queensland Bauxite reports strong cash balance to support project development
Queensland Bauxite has reported $4.34 million in cash reserves as it embarks on the next stage of positioning its South Johnstone bauxite project for development. During the September quarter, QBL defined at initial JORC Indicated Mineral Resource and a Scoping Study that detailed financial...
Bell Bay Aluminium power price hikes 'may cost jobs'
One of Tasmania's biggest electricity consumers has warned the State Government that rising electricity costs are threatening its viability. In a submission to a Senate committee looking at electricity companies, Bell Bay Aluminium noted there had been a 200% increase in transmission charges over...
