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
“We look at outputs that are considered waste by an industry and take a holistic approach which takes into consideration all the elements in the waste… Mr. Michael Shenton, CEO, Prima Resources, WA
AlCircle is a platform that strives to promote the advancement of use of aluminium as a sustainable material of choice. In that direction, we would like to highlight not only the established players of the industry who are contributing successfully towards the growth of the industry but also those...
Bauxite Resources reports a significant increase in resource estimate
Bauxite Resources boasts the highest cash to market cap ratio of any ASX bauxite company. And it has resources of almost 400 million tonnes of bauxite. The company holds over $24 million, and is capitalised at $27 million. In September, BAU notched a significant increase in resource estimate...
China deal to boost WA miners and farmers
WA miners and farmers stand to be the biggest winners from the nation's biggest-ever trade deal that is set to be signed today between Australia and China. Prime Minister Tony Abbott and Chinese President Xi Jinping will formally sign a free trade agreement that will slash almost every single...
Hindalco Q2 profit down 78% on fines, provision
Hindalco BSE 0.20 % Industries reported a second quarter net profit of INR 78.77 crore, down 78% from INR 357.11 crore in the corresponding quarter last year, as the aluminium maker paid a huge fine as directed by the Supreme Court in September and took a one-time charge on a poorly performing unit...
Alumina Limited upgraded to neutral by Goldman Sachs (AWC)
Alumina Limited was upgraded by analysts at Goldman Sachs to a “neutral” rating in a research report issued to clients and investors on Monday. A number of other analysts have also recently weighed in on AWC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Alumina Limited in a...
MetroCoal bids for rest of Cape Alumina as stake exceeds 90%
ASX-listed MetroCoal has made strides in its takeover of fellow-listed Cape Alumina, after major shareholder China Xinfa Group Corporation accepted MetroCoal’s offer for its 12.1% shareholding. MetroCoal’s total shareholding in Cape Alumina now exceeded 90%, and the company said on Monday that it...
Investors put pressure on Rio Tinto to distribute excess capital
Rio Tinto is under pressure to deliver on the CEO’s promise to become a "cash machine" for investors as it justifies snubbing a merger approach from Glencore. With Glencore effectively barred from making a renewed bid until April, Rio has a window to woo shareholders through stock buybacks and...
HMAS Bundaberg fire forces Aluminium Boats Australia into voluntary administration
A Fire which gutted a $54 million Australian Navy patrol boat has been blamed for the demise of a Brisbane-based boat manufacturing and servicing company. Aluminium Boats Australia today announced it had been placed into voluntary administration after the HMAS Bundaberg was destroyed while...
Metallica Minerals signs supply contract with consulmet for Cape York Bauxite and Heavy Mineral Sands JV
Metallica Minerals Limited (“Metallica”) is pleased to announce that the Cape York Bauxite and Heavy Mineral Sands (HMS) Joint Venture has executed a legally binding Supply Contract with Consulmet Pty. Ltd (“Consulmet”) for the Urquhart Point HMS Projecton the western coast of Queensland’s Cape...
BFS team appointed for High Purity Alumina (HPA) project
Australia Minerals and Mining Group Limited (ASX: AKA) (“AMMG” or “The Company”) is pleased to announce it has appointed the Bankable Feasibility Study (BFS) team for the development of its high purity alumina (HPA) project targeting 3,000tpa operation. The BFS team is composed of reputable and...
Cape Alumina Increases $250k unsecured debt financing to $500k to progress the Bauxite Hills project
Cape Alumina Limited (Cape Alumina) is pleased to announce that it has increased the $250,000 unsecured debt financing (announced to the ASX on 27 August 2014) to $500,000 to progress the Bauxite Hills project. The loan is being provided by MetroCoal Limited (ASX:MTE) (MetroCoal) which, on 5 August...
AMMG releases update on High Purity Alumina (HPA) Market
Highlights • Global HPA market estimated at 19,040tpa in 2014 with increase to 48,230tpa anticipated by 2018 • Market growth forecast at a CAGR of approximately 28% • Asia Pacific region HPA market share 70% • Asia Pacific potential location for AMMG’s HPA plant – best geographic position to...
Boyne Smelters to continue at full capacity
Business hasn't been easy in the world of manufacturing. Australia has been left with just four aluminium smelters after yet another one closed down in recent weeks. But Boyne Smelters Ltd has continued to work on ways to cut costs and keep its 1200 employees in a job. The biggest unknown is a...
ASX200 marks seventh straight gain, which bauxite stock kicked 14.3%?
Australian stocks have risen for a seventh straight session with miners and bankers pulling the ASX200 up 60.9 points, or 1.1%, to 5,385.9. Wall Street had rallied last night on upbeat earnings reports, sending the Dow Jones Industrial Average up 215 points to settle at 16,615, while the Nasdaq...
Bauxite Resources looks to establish a new alumina refinery in Western Australia
Global demand for bauxite seems to be on the rise again according to the head of a West Australian exploration company. Bauxite Resources executive director and CEO Peter Canterbury said global demand for aluminium is a positive for the mining sector in the south west of the state, despite a recent...
Alumina Limited receives buy rating from Deutsche Bank (AWC)
Deutsche Bank reissued their buy rating on shares of Alumina Limited in a research report sent to investors on Tuesday morning. The firm currently has a $2.25 price target on the stock. Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated...
Aluminium sector gives tick to RET exemption
The aluminium industry has backed a plan by the renewables sector that would see smelters exempted from the Renewable Energy Target, a move seen as an attempt to inject some momentum into talks between the government and Labor. In a letter to Industry Minister Ian Macfarlane and Environment...
Prima Resources updates on Bauxite Residue Reclamation for Gove Alumina Project
Prima Resources held a preliminary meeting in Darwin with Nhulunbuy Indigenous Group/Company regarding the future of the Bauxite Residue Storage Area and the Alumina Refinery at Gove currently owned by Rio Tinto. It was decided that discussions take place with the possibility of Rio Tinto returning...
