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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MetroCoal increases stake in Cape Alumina to 57.22%
Australian coal-based energy firm MetroCoal has increased its stake in Cape Alumina from 46.04% to 57.22%. As per the offer made on 18 March 2014, the company has purchased 27,136,354 shares of Cape Alumina for 0.6 cents per share. MetroCoal is seeking to review Capes operations and merge the...
Alumina plant shutdown brings family back to Gladstone
ZOEY Ware and her young family have returned from the red dust of the Northern Territory. While Gladstone isn't a huge place, it is certainly a city in comparison to Gove in the north-eastern corner of Arnhem Land. With the announcement of the alumina refinery shutting down in the latter months of...
Alcoa first quarter earnings results
Alumina Limited notes Alcoa Inc’s (“Alcoa”) quarterly earnings release and attaches it for reference. Relevant market data to assist readers in understanding the market, operational and commercial matters of Alcoa World Alumina & Chemicals (“AWAC”) are attached. Alumina Limited’s CEO Peter Wasow,...
China bauxite imports tumble 59.17% YoY in March on falling supply and weak demand
China imported 1.83 million tonnes of bauxite in March, down by 59.17% year-on-year due to falling arrivals and soft consumption, according to Shanghai Metals Market. The sharp drop in imports was due mainly to no shipments to China from Indonesia after its ban on ore exports, according to SMM's...
Queensland Alumina sets for a bright future with an improved efficiency
GLADSTONE'S Queensland Alumina Ltd is set for a healthy future that is capable of producing alumina for the next 40 years at least as the business continues to improve efficiency, Despite an organisational restructure in 2012 which saw 130 positions cut from QAL, the plant's biggest setback was...
Petition to allow Cape York mining rejected by State Government
The government has rejected a petition calling for the Steve Irwin Wildlife Reserve mining ban to be reversed. The government declared the reserve on Cape York a strategic environmental area in November. A new planning instrument, it restricts land use to those considered appropriate. In the case...
Alloyworks will now offer Aluminium Tool Boxes at best prices possible
Alloyworks announces availability of a wide range of aluminium tool boxes at the best prices possible. The company offers tailored solutions for every single requirement and provides value for money. Whether it is a custom aluminium Ute tool box or customized aluminium Ute canopies and aluminium...
Aluminium RET exemption threatens others: AiG
The Australian Industry Group is pushing back on the aluminium sector's call for a full exemption from the Renewable Energy Target, arguing it could lift power costs for other large electricity users, Carbon and Environment Daily reports. According to the website, the alumininum sector already...
Alcoa has alumina win but headwinds to grow
Alumina chief executive Peter Wasow said industry conditions remained difficult in the first quarter as oversupply continued to depress alumina prices, despite “robust” growth in global demand and a strong result for joint venture partner Alcoa’s alumina unit. Alcoa posted a 59 per cent increase in...
Amcor flexibles wins two 2014 Alufoil Trophies
Demonstrating Amcor’s ability to offer the highest quality in innovative and creative packaging solutions, Amcor Flexibles is proud to be the recipient of two awards in the prestigious Alufoil Trophy 2014 organised by the European Aluminium Foil Association (EAFA). In the category of Consumer...
Bell Bay Aluminium to shed 20 jobs as Tasmanian plant continues to fight for survival
ROCK-bottom aluminium prices have prompted Bell Bay Aluminium to shed 20 jobs from its pot lines in northern Tasmania. General manager Ray Mostogl said a restructure to improve the plant’s viability would reduce the smelter’s workforce from 453 to 433. Mr Mostogl said the aluminium market would...
Bauxite Resources completes maiden resource estimate for Athena Project, Western Australia
Bauxite Resources Limited announces that a maiden resource estimate has been completed on the Company's new Athena project, eastern Darling Range, Western Australia. The resource is located on private landholdings, approximately 120km south east of Perth. Athena is contained within the Company's...
Alumina Ltd set to re-rate in 2014
Is Alumina Ltd (AWC) about to shake investor apathy? China's aluminium production industry is becoming more rational and CIMB considers this will benefit the pricing of alumina. CIMB's analysis suggests there's now much less chance that alumina prices will ease over the medium term. The broker...
MetroCoal says offer price for Cape Alumina final
As Cape Alumina advises its shareholders to reject a 0.6c-a-share takeover offer, suitor MetroCoal warned on Wednesday that it would not increase its bidding price. Cape Alumina said the price was significantly lower than share prices prior to the offer being made, and that it failed to attribute...
Aurukun Mayor aiming for zero unemployment despite the failure of bauxite project
The Mayor of the Aurukun Aboriginal community on far north Queensland's Cape York says he is aiming for zero unemployment in his community, despite a major bauxite proposal falling over. The State Government last month announced neither proponent short-listed to develop the Aurukun bauxite resource...
Aluminium rod, wire and conductor factory opens in Tomago
A new, $60 million factory has been opened by Bahrain’s Midal Cables International at Tomago. The ABC reports that the plant, which was opened last Friday, will source its aluminium locally, and will create rods, wire and conductors out of the metal. NSW minister for trade Andrew Stoner said it was...
Aluminium business booms in the Hunter
The arrival of an international manufacturing company in the Hunter is a good sign for the region’s economy, according to Maitland Business Chamber president Steve Thomson. More than 100 new jobs are expected to come from a new aluminium cable manufacturing plant that will be commissioned at...
Metrocoal takeover of Cape Alumina gains steam
MetroCoal has acquired a strategic 46.04% interest in Cape Alumina through the purchase of 95,059,489 shares priced at $0.006 each under the former’s takeover offer. The two companies had previously shelved a proposed merger in November last year. MetroCoal’s unconditional cash offer is targeted at...
