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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QAL donation keeps TAFE students sparking along
Queensland Alumina Limited's electrical integrity team has donated high voltage testing equipment to CQUniversity. The donation will allow CQUniversity TAFE Gladstone to continue offering an important high voltage testing course for all of Gladstone's electrical instrument apprentices. QAL's...
Update: Bald Hill bauxite mine progressing well
Tasmania's struggling mining industry has received a boost, with civil construction work getting underway at a new bauxite mine in Tasmania's Midlands. There has not been a new bauxite mine in Australia for 35 years and the ore is in short supply worldwide. The mine's general manager, Rob Williams,...
Alcoa's Point Henry and Yennora rolling mills close down
Alcoa Australia Rolled Products permanently closed its Point Henry and Yennora rolling mills this week, after five decades of operation. “There is no doubt it is a sad week for our 430 employees, their families and the Geelong and Yennora communities,” said AARP Managing Director Malcolm Murphy. “I...
The Bald Hill project fast tracks its operations
After receiving the approval of the Bald Hill project near Campbell Town earlier this month, the project has picked up speed as it initiates site mobilization. The company aims to get the $6-million-worth project into full production by July 2015 as they believe the low capital outlay and the short...
BHP Billiton Sustainable Communities supports Australian Science Olympiads
On 8th December, BHP Billiton, through Company charity BHP Billiton Sustainable Communities, announced a A$1.65 million contribution over three years to the Australian Science Olympiads, the flagship program of Australian Science Innovations. This support will help fund the addition of the Earth...
Queensland Bauxite is closer to mineral resource upgrade
Queensland Bauxite has provided an update, and said as previously advised, the company is preparing a resource upgrade report to an Indicated Mineral Resource status under JORC 2012 which will give the basis to start project development at the South Johnstone Bauxite project. The resource report...
BHP Billiton’s spin-off is named South32
BHP Billiton has finally announced the name of its spin-off company to be ‘South32’, which will hold all of BHP’s non-core assets like aluminium, nickel, silver and manganese mines, as well as some of its coal assets. The name was suggested by an employee driven by the fact that most of the...
Work set to begin on bauxite mine near Campbell Town in northern Tasmania
Work on a bauxite mine in Tasmania's northern midlands is expected to start next month. The Bald Hill bauxite project, near Campbell Town, has been approved by the Northern Midlands Council. It will employ 45 people and is expected to extract more than 1 million tonnes of bauxite over five years....
Alcoa calls for urgent RET resolution
Aluminium company Alcoa has called for a deal to be made on the Renewable Energy Target, saying the policy uncertainty is weighing on the industry which is struggling in Australia, ABC Online reports. The aluminium sector is presently exempted from about 70% of the cost of the RET, but both Labor...
Queensland Bauxite edges closer to Indicated Resource
Queensland Bauxite has received the final results from drilling at its South Johnstone Bauxite Project in Queensland and has incorporated the results into an upgrade of its Resources to an Indicated level. This will allow the company to meet all the requirements of JORC 2012, which underpins the...
Breakaway Research publishes report on Altech Chemicals’s HPA project
Breakaway Research publishes report on Altech Chemicals’s HPA project. Following a change of management and name, Altech Chemicals (previously Australian Minerals and Mining Group) has recently commenced a BFS on its 4,000tpa HPA project. Work over recent years has developed a patented, low cost...
Sedgman wins Alcoa Kwinana contract
Sedgman has won the EPC contract for Alcoa's Kwinana filtration plant. The $59.8 million contract will see Sedgman EPC work as the main integrating contractor for the alumina refinery in WA. According to Sedgman "when complete the filtration plant will produce lower moisture content bauxite residue...
CEC, Aluminium Council: call for end to RET crisis
In a joint statement, the CEC and the Australian Aluminium Council have called on the Australian Government and ALP to resolve the current Renewable Energy Target crisis. The joint statement urges both major political parties to come together to seek a resolution to the current impasse. The...
BHP demerger progressing very, very well : Graham Kerr
Graham Kerr, the CEO-elect for the proposed new company ( Newco) said in a press conference on Monday that the progress of the BHP demerger is going “very, very well.” They are now at a stage of seeking approvals from Australia, South Africa and other jurisdictions at the same time engaging with...
MetroCoal names new CEO post Cape Alumina acquisition
ASX-listed MetroCoal on Monday announced the appointment of Simon Finnis as the new CEO, effective from January 12. Finnis would replace CEO Mike O’Brien, who will continue on as project director. Finnis is currently the CEO of Grand Côte Operations SA, in Senegal, and has been involved in the...
Australian Bauxite shares suspended, looks to material capital raising
Australian Bauxite will undertake a material capital raising and its shares have been voluntarily suspended from trading pending an announcement and details. The voluntary suspension continue until the earlier of the release of the announcement until Wednesday 26 November 2014. The company is...
Removal of Australia alumina export tariff to have little impact on exports to China
The 8% export duty on Australian alumina has been removed under the China-Australia Free Trade Agreement signed on November 17, but this move will have little impact on Australian alumina exports to China, Shanghai Metals Market understands. The current FOB price of Western Australian alumina is $...
Bell Bay Aluminium recovers but issues still persist
In 2011, when Ray Mastogi joined the Bell Bay Aluminium as general manager, the conditions were very weak and it was almost close to a shut down. Now, although the conditions are still bleak, they have recovered greatly since then. The 59-year old smelter has had to cut down its workforce by 20...
