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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Aluminum price has record win streak as supply bites
Aluminum is one of the best performing commodities this year, with the price jumping 16% during 2014 as stockpiles fall and demand increases. In August the metal gained for a seventh straight month, which is its longest ever streak of advances. Aluminum added 0.7% to US$2,096.50 a ton on the London...
The Australian Aluminium Council urges full exemption from the RET
The Australian Aluminium Council has published a statement on the report by the Expert Panel for the Renewable Energy Target (RET) scheme and its impact & benefits on the renewable energy sector, the manufacturing sector and Australian households. “We welcome the acknowledgement by the Review Panel...
Glencore may get rights to mine the coveted Cape York bauxite reserves
Glencore may be the ultimate candidate to finally tap the vast bauxite reserves that has been remained unexplored for decades, which has been the point of interest for many mining companies around the world. Glencore is supposed to hold talks soon with the government of the Australian state of...
MetroCoal offers $250,000 to Cape Alumina for Bauxite Hill project
MetroCoal, a major shareholder in Cape Alumina, bails the bauxite developer out of debt by financing A$250,000 to continue the Bauxite Hill project in western Cape York, Queensland. Cape Alumina reported that the loan would help the company reserve its existing cash resource, pending the...
A new $580 million bauxite project in Cape York awaits approval
A new company has been launched to handle a $580 million bauxite project in the Cape York. According to the Australian Bauxite Development, Nick Stump, former CEO of Comalco will be heading the new board. John Benson, another member and a part of the Australian Indigenous Resources, also bid for...
Unions Seek assurances on BHP demerger plans
Unions have called on mining giant BHP Billiton to guarantee entitlements and enterprise agreements for workers affected by its demerger. BHP plans to offload the majority of its aluminium, manganese, nickel and silver assets into a new company that is to be listed on the Australian share market by...
Alumina faces losses for the closing of Point Henry Smelter
The Australian-based Alumina faced huge losses in the first half of the year till June as compared to last year. This was primarily due to the closure of the Point Henry Smelter located in the state of Victoria fuelled by the continuing weakness in alumina prices. The company incurred a net loss of...
MobileMuster recycles old phones
Australians discard 2000 tonnes of mobile phones every year. The average weight of a mobile phone is about 250g – that means four of them weigh a kilogram. There is a saturated market in Australia – virtually every phone is a replacement, which means for virtually every new phone bought, an old one...
AGL modelling says Hunter power plant and aluminium smelter could close
Gas giant AGL says it is basing forward modelling on conservative assumptions that a newly acquired Hunter Valley power plant and the Tomago Aluminium smelter near Newcastle could close within three years. AGL has finalised its $1.5 billion acquisition of Macquarie Generation, but highlights...
Hydro tells community group of 10 year plan to get out of Kurri
The owners of the Kurri Kurri aluminium plant have told a recent meeting they have no plans to redevelop the site themselves. The Hydro plant as Kurri Kurri was officially closed earlier this year after being placed in care and maintenance mode about 18 months prior. The company now wants to...
BHP announces their new $14bn metals and mining company
In a bid to increase productivity and performance, BHP Billiton is allocating some of its assets to a new $14bn (£8.4bn) company. The Chief Finance Officer of BHP, Graham Kerr, will be heading the new spinoff company that is tentatively being called the NewCo, for now. This new company will be...
China Hongqiao secures term shipments to replace Indonesia bauxite
China Hongqiao Group Ltd , the country's second-largest aluminium producer, has secured sufficient bauxite to replace supplies from Indonesia, which imposed a ban on exporting unprocessed mineral in January. China in January imported 6.1 million tonnes of bauxite from Indonesia, which halted ore...
Queensland Bauxite moving forward at South Johnstone
Queensland Bauxite could have a Scoping Study completed for the South Johnstone Bauxite project in north Queensland within 6 - 8 weeks. The study would likely provide baseline capital costs of mining the bauxite as well as the operating costs. The project has an initial inferred resource of 30...
Australia Minerals and Mining Group's new MD is Iggy Tan
Australia Minerals and Mining Group has revealed the appointment of Iggy Tan as managing director effective 25 August 2014. Tan will be responsible for managing and implementing the next stage of AKA's strategic business objectives, which includes the commercialisation of the high purity alumina...
Cape Alumina eyes DSO operation at Bauxite Hills
Bauxite developer Cape Alumina has reported a 19.85-million-tonne direct shipping ore (DSO) inferred resource at its Bauxite Hills project, in Queensland. The inferred DSO resource was in addition to the previously announced beneficiated bauxite inferred resource of 15.1-million tonnes, and an...
Rio Tinto fast-tracking Queensland bauxite mine South of Embley
An Australian bauxite project could be one of the next major spending items announced by Rio Tinto, with chief executive Sam Walsh confirming he has fast-tracked studies into the South of Embley project in Queensland. Located close to Weipa on the Gulf of Carpentaria, South of Embley would...
Indigenous mining company gets go-ahead for bauxite exploration in northeastern Arnhem Land
An indigenous-owned mining company has been given the go-ahead to begin bauxite exploration in northeastern Arnhem Land. The Gulkula Mining Company, a subsidiary of the Gumatj Aboriginal Corporation, received the nod from the Northern Land Council on Saturday to begin exploring at the Dhupuma...
Cape Alumina receives proposal for control transaction
Cape Alumina's shares are in pre-open this morning, following the ASX granting the company a trading halt. CBX requested the halt after it received a proposal in relation to a control transaction from the company’s major shareholder, MetroCoal. MetroCoal currently owns 57%, with China Xinfa Group...
