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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The Australian Trellis Door Company launches new aluminium security barrier
The Australian Trellis Door Company (ATDC) is proud to announce the launch of its retractable all aluminium security barrier. Following extensive R+D by ATDC’s design engineers the all aluminium retractable security barrier is now available for sale in Sydney,Melbourne,Brisbane,Adelaide,Perth and...
Alumina Limited stock rating reaffirmed by Deutsche Bank (AWC)
Deutsche Bank reaffirmed their buy rating on shares of Alumina Limited in a report released on Monday. Deutsche Bank currently has a $2.25 price objective on the stock. Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated its buy rating on...
China Guangdong imports 623,000 tonnes of alumina Jan-Aug 2014
China’s Guangdong Province imported 97,000 tonnes of alumina in August, up 1.6 folds yea-on-year. Year-to-date imports through August totaled 623,000 tonnes, also up 26.4% from a year ago, China Customs data showed. The average import price was 2,231 yuan ($ 363) per tonne in August, down 8.2% from...
Rio Tinto delivers another strong quarterly production performance
Rio Tinto chief executive Sam Walsh said “We have delivered another strong quarter with record iron ore production and a solid performance in copper and aluminium. We have seen our first full quarter from the 290 Mt/a iron ore expansion in the Pilbara, with the additional tonnes going into our...
Alumina Limited’s “Buy” rating reiterated at Deutsche Bank (AWC)
Alumina Limited‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. They currently have a $2.25 target price on the stock. A number of other analysts have also recently weighed in on AWC. Analysts at Morgan Stanley...
Australian Bauxite secures A$8 million investment from Nobel Resources
Australian Bauxite had secured a mining lease last month for the Bald Hill project in Tasmania and now they have even secured an investment of A$ 8 million from a commodities group named Noble Resources. The agreement finalized between the two parties ensures Australian Bauxite receives A$ 6...
Xinfa Bauxite Mining Ltd gifted $239k as goodwill for clan
Members of the Naita landowning unit in Lekutu were all smiles yesterday as they received a $239,000 cheque from the Xinfa Bauxite Mining Ltd yesterday. The cheque is for the goodwill and lease payment for the mining company's new 20-year lease on 25 acres of mataqali land. Speaking at the handing...
DVA’s High Pressure Knife Gate Valve sleeves replace OEM sleeves after extensive site trials
High pressure knife gate valve sleeves from Dual Valves Australasia (DVA) were used to replace OEM rated sleeves recently at an alumina refinery in Western Australia. The WA alumina refinery replaced a number of their 21 Bar rated OEM push-through style knife gate valve sleeves with sleeves from...
Portland aluminium smelter encouraged by ALP's RET exclusion pledge
The operator of the Portland aluminium smelter has applauded the Federal Opposition's move to exclude the sector from Renewable Energy Target (RET) negotiations. The Federal Government and Labor are in negotiations over the future of the 20 per cent by 2020 renewable target. Aluminium smelters are...
Australian Bauxite confident on Tasmanian project financing
Australian Bauxite (ASX:ABX) has reported it is in negotiations for financing of its Bald Hill bauxite project in Tasmania. The project has received a Tasmanian Mining Lease for the mine. Negotiations are understood to be well advanced and that the funding is now focussed on clarifications of key...
Alumina rallying into Alcoa results
Alumina (AWC) has been one of the best performers on the local Australian market over the past couple of months, rising even as most of the materials stocks have been underperforming. The primary driver of the gains has been centred on aluminium fundamentals, with demand ramping up on aircraft...
Prima Resources : BMMF - Manjimup Project
Prima Resources Bauxite Mine & Metals Facility Project – Manjimup WA, announced that it will open a Prima Community Office in Manjimup commencing 11-Oct-2014 for one month. The BMMF- Manjimup Project is a 1.0 MT/Yr Bauxite Ore and Metals Extraction Facility in Manjimup. The Prima Community Office...
AMMG Updates Process Design for HPA Chemical Project
Highlights • AMMG’s process uses well-established hydrochloric acid leach (HCL) method • Main advantage is the simple recovery of acid, reducing operating costs • HCL process ideal for Meckering aluminous clay deposit • Process utilises conventional, off-the-shelf plant and equipment • Process...
Queensland Bauxite samples up to 55% total alumina
Queensland Bauxite (ASX:QBL) will look to deliver a Scoping Study within weeks for the South Johnstone Bauxite Project in Queensland. The study is proceeding to plan to assess the potential economic viability of the development of a bauxite mining operation. The company continues to advance...
Australian Aluminium Council appoints Rio head as chief
Rio Tinto bauxite and alumina president Phillip Strachan has been appointed as the new head of the Australian Aluminium Council. Alcoa of Australia's managing director Alan Cransberg has been appointed as the Council's new vice president. Speaking on his new appointment, Strachan said "I look...
Metallica Minerals receives further funding from China for Queensland project
Metallica Minerals has revealed that a further A$900,000 has been received into the Joint Venture bank account under the Cape York Heavy Mineral Sands (HMS) and Bauxite Joint Venture Agreement. The Chinese investor is using a wholly-owned Australian subsidiary named Ozore Resources Pty. Ltd, and...
Lambie seeks full aluminium RET exemption
Palmer United Senator Jacqui Lambie has said she is pushing the partyroom to adopt a 100 per cent exemption for the aluminium sector from the Renewable Energy Target. The aluminium sector is currently exempt from 90 per cent of the cost of the RET beyond the first 9500GWh of the 41,000GWh target...
Peter Wall replaces John Morris as chairman in Aziana Limited
Peter Wall will soon become the new chairman of Aziana Liminted replacing John Morris. The switch will come into effect on 30th September 2014. Wall is a Perth-based corporate lawyer with an experience of over 14 years with expertise in a wide array of corporate and commercial issues. His specialty...
