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 rating lowered to hold at Deutsche Bank
Alumina Limited was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Tuesday. They currently have a $1.45 target price on the stock. Alumina Limited opened at 1.605 on Tuesday. Alumina Limited has a 52 week low of A$0.935 and a 52 week high of...
Queensland Bauxite to upgrade South Johnstone resource
Queensland Bauxite will undertake a more involved drilling programme at South Johnstone in northern Queensland to further define the size, grade and shape of the deposit. Which should not pose an issue given the handy $4.1 million in cash it had at 30 June 2014. It is also looking to upgrade the...
Qld Govt still in talks with miners interested in Aurukun bauxite lease
Deputy Premier Jeff Seeney says a lease for the Aurukun bauxite resource on Cape York will only be granted to mining companies that can begin operating immediately. The Queensland Government called for expressions of interest to develop the resource in November 2012 and short-listed two proponents...
Sombre days for Alcoa workers as aluminium plant near Geelong winds up
After more than 50 years as one of Geelong's major employers Alcoa will close its aluminium smelter this week. One by one the pot lines are being switched off, with the Point Henry plant's final line being shutdown on Thursday. The shutdown was announced in February after the company decided the...
Alcoa Foundation supports Geelong community groups with US$559,000 in grants
Alcoa of Australia Chairman and Managing Director, and board member of the Alcoa Foundation, announced that the US based Alcoa Foundation will grant a total of US$559,000 to six organisations in Geelong. Speaking at a function in Geelong to thank Alcoa’s long term community partners, Mr Cransberg...
GE puts Worsley Alumina power plant on market
General Electric is believed to be fielding approaches from major infrastructure investors interested in buying its $1.2 billion Worsley Alumina power plant, following plans by the conglomerate to float the West Australian asset on the Australian Securities Exchange. The interest from groups —...
Bauxite imports surge in China
China saw imports of bauxite jump nearly 40% last month, but the figure was still well down on pre-Indonesian ban highs. The world’s largest importer of the aluminium making ingredient imported 2.9mt of bauxite in June, according to shipbroker SSY. While it is a significant increase on previous...
GE looks to offer power plant IPO
A $1.2 billion power plant in Western Australia linked to one of the world’s largest alumina refineries owned by BHP Billiton is being positioned for an initial public offering. General Electric’s Worsley multi-fuel cogeneration plant near Collie, 189km southeast of Perth, was built to meet the...
Alumina Limited given new $1.60 price target at Morgan Stanley
Alumina Limited had its price target upped by Morgan Stanley to $1.60 in a research note issued to investors on Wednesday. The firm currently has an overweight rating on the stock. Morgan Stanley has also taken action a number of other stocks recently. The firm downgraded shares of Statoil ASA(ADR)...
Queensland Bauxite: South Johnstone bauxite confirmed as gibbsitic
Queensland Bauxite has revealed that bauxite from South Johnstone in Queensland consists of gibbsite of between 36-48% level. This is significant as the gibbsite mineral readily dissolves at low temperatures and pressures at the alumina refinery stage (the Bayer process). Hence it is easier and...
AMMG provides update on its High Purity Alumina (HPA) optimisation test work and bulk samples
Australia Minerals and Mining Group Limited provides an update on the progress of the current high purity alumina (HPA) optimisation test work conducted by AMMG's specialist engineering consultants as well as the commencement of the bulk sample program for potential off-take customers. The last...
Bauxite Resources adds to WA resources
Explorer Bauxite Resources has increased the resource of its Athena bauxite deposit, in the Darling Ranges of Western Australia, by some 59%. The Athena deposit was now estimated to host some 36.2-million tonnes, grading 32.8% alumina and 2.8% reactive silica. The Athena deposit forms part of a...
Metallica identifies 15 bauxite targets in Cape York
ASX-listed Metallica Minerals has announced its intention to expand its focus from mineral sands to include bauxite, identifying 15 priority targets over its Cape York tenement package, in Queensland. An evaluation and drill campaign has been scheduled for September, and Metallica told shareholders...
Queensland Bauxite buys strategic stake in Inverell project
Queensland Bauxite is acquiring a foothold a regionally strategic project in the Nullamana region of Inverell, New South Wales, as it seeks to add to its gibbsitic bauxite portfolio. EL 7301 has a JORC 2004 Inferred Resource of 29 million tonnes grading 32% available alumina and 5% reactive silica....
Alumina struggles as Alcoa fires
Strong earnings and a buoyant market outlook from US aluminium giant Alcoa failed to translate into good news for its local junior partner, Alumina, which is not exposed to the business that fired Alcoa’s second-quarter earnings. Alumina’s sole business is a 40 per cent stake in the Alcoa World...
Bauxite Resources shares on the move
Bauxite Resources shares are now trading at $0.14, bringing gains for the past 6 weeks to 40%, following a resource upgrade at its Fortuna deposit in the Darling Range, Western Australia. The value of bauxite has increased substantially in recent times, spurred by the Indonesian export ban that has...
Queensland Bauxite receives more off take approaches
Queensland Bauxite is moving ahead on a number of fronts at the South Johnstone Bauxite Project in north Queensland, with plans to upgrade the existing JORC initial Inferred Resource as well as receiving more enquiries for off take. Shares in the company are likely to firm on the news. The...
Vending machines let you exchange used cans & bottles for rewards
According to the City of Sydney, around 15,000 bottles and cans across Australia are thrown into landfill waste or littered every hour, instead of being recycled -- about 58 percent of all recyclable material annually. To help minimise this waste, it is trialling Envirobank "reverse vending...
