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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Gove returns to normal operations
Operations at Rio Tinto’s Gove bauxite and alumina site have returned to normal, the miner told Metal Bulletin on Friday March 21. Rio Tinto had suspended all operations at its Gove site in Australia following the death of a worker on Tuesday February 25. "Gove operations have returned to normal....
China’s Bauxite Imports Tumble to 3.23 Million Tonnes in February
China registered a sharp drop in imports of bauxite in February due mainly to few arrivals from Indonesia, Shanghai Metals Market learnt. Inbound shipments tumbled to 3.23 million tonnes in February, down 23.86% year-on-year. Total imports were 11.23 million tonnes during the first two months of...
Alumina Limited receives Outperform Rating from Credit Suisse (AWC)
Credit Suisse restated their outperform rating on shares of Alumina Limited in a research note issued to investors on Thursday, AnalystRatings.NET reports. Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Williams...
Bauxite Resources Limited updates on Dionysus project, Western Australia
Bauxite Resources Limited is pleased to announce that a maiden resource estimate has been completed on the Company's new Dionysus project, northern Darling Range, Western Australia. The resource is located on one private landholding in predominantly cleared farmland, approximately 100km north east...
Rio moves to offer another $50 million to support community
RIO Tinto will provide an extra $50 million over the next five years to help attract new economic activity and support the community transition in Nhulunbuy and the East Arnhem region. The announcement follows the company’s decision in November last year to suspend alumina production at its Gove...
MetroCoal offers to bid for bauxite explorer Cape Alumina in Queensland
MetroCoal has made an uninvited offer to take over their fellow exploration company in Queensland Cape Alumina at $0.06 per share. The board of Cape Alumina has advised the shareholders not to take any action. MetroCoal said they want to acquire Cape Alumina with the aim to expose its shareholders...
Alumina Limited stock rating reaffirmed by credit Suisse
Credit Suisse reissued their outperform rating on shares of Alumina Limited in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports. Credit Suisse has also updated their ratings on a number of other stocks in the last week. The firm initiated coverage on shares...
Queensland Government rejects bauxite-mining project at Aurukun
The Queensland Government has deferred the multi-billion dollar plans of developing Cape York’s Aurukun Bauxite resource. According to the government, the benefits given to the local communities were not sufficient. It also said the project delivery time was very long. It is expected that bauxite...
Bauxite Resources publishes Interim Financial Report for the half-year ended 31 December 2013
During the half year ending 31 December 2013 Bauxite Resources continued to focus primarily on the exploration and evaluation of bauxite prospectivity in the Company's extensive tenement holding in WA's Darling Range, the largest bauxite and alumina producing region in the world. At the reporting...
Queensland Government says no to reverse bauxite mining ban in Steve Irwin Wildlife Reserve
The Queensland Government says it is not in favour of overturning a bauxite mining ban in the Steve Irwin Wildlife Reserve on Cape York. Yesterday, miner Cape Alumina expressed its intention of reopening negotiations with the Queensland Government to restart its $1.2 billion Pisolite Hills bauxite...
Alumina Limited Receives “Outperform” Rating from Credit Suisse
Credit Suisse reiterated their outperform rating on shares of Alumina Limited in a research report released on Tuesday morning, Analyst RN reports. Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm reiterated its outperform rating on shares of EV...
Rio Tinto suspends work at Australia bauxite mine after accident
Rio Tinto said it has suspended bauxite mining at its Gove operations in Australia on Tuesday following the death of a worker. The employee was fatally injured while performing maintenance work, Rio Tinto said in a statement e-mailed to Reuters. "We will be pausing all operations at the mine," the...
KRGS to deliver aluminium roller shutters and grilles for Sydney Cricket Ground
Kings Roller Grilles and Shutters (KRGS) has been commissioned to deliver a wide range of steel and aluminium roller shutters and grilles at the Sydney Cricket Ground. KRGS’ scope of work for Stage 2 of Sydney Cricket Ground's Redevelopment project includes supplying KRGS steel shutters, KRGS...
China’s Bauxite imports peak in january as Indonesia's export ban looms
China’s bauxite imports hit record high in January as Indonesia’s export ban loomed large, Shanghai Metals Market has learned. Inbound shipments reached 8.02 million tonnes last month, spiking 57.81% year-on-year. Indonesia contributed 6.14 million tonnes, soaring 105.04% YoY, while Australia...
Alcoa aluminium smelter closure is ‘the carbon tax doing its job’, says PM
Tony Abbott has said the closure of Alcoa’s Port Henry aluminium smelter was a result of “the carbon tax doing its job”, despite the company having explicitly stated the carbon tax was “not a factor” in its decision to shut. In a press conference to announce the purchase of new military aircraft,...
UBS AG Downgrades Alumina Limited to Neutral (AWC)
Alumina Limited was downgraded by equities research analysts at UBS AG from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. Separately, analysts at Bank of America upgraded shares of Alumina Limited from an “underperform” rating...
Alcoa exposure to fines hinders Alumina
ALUMINA'S chance of posting a profit for last year was thwarted by its exposure to the $US548 million in fines, costs and settlement payments by US aluminium giant Alcoa to bring corruption charges in the Alba case to an end. The Melbourne-based Alumina, a 40 per cent partner with Alcoa in the...
Energy gains lost with closure of Alcoa’s recycling plant
The close down of the last aluminium recycling plant in NSW is a great blow for sustainability and jobs, as the plant has the capacity to save 95% of the total energy used for manufacturing aluminium, the environmental experts says. Alcoa has announced the closure of the aluminium plant in Yennora,...
