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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Australian Bauxite granted a trading halt
Australian Bauxite has been granted a trading halt today, pending details of a capital raising. Australian Bauxite shares are currently in pre-open. The halt will remain in place until the opening of trade on Thursday 12th December 2013, or earlier if an announcement is made to the market.
Lennon joins miner's board of Australian Bauxite Ltd
Former premier Paul Lennon has joined the board of a Sydney-based company planning to mine bauxite near Launceston. Australian Bauxite Ltd has three exploration tenements in the North and hopes to next year open a mine and export bauxite to China for smelting into alumina and then aluminium. The...
Mayor says bauxite mine closure could end a bitter dispute in Cape York
The Mayor of an Aboriginal Shire in far north Queensland's Cape York says the closure of a bauxite mine could end a bitter dispute in the town. Cape Alumina is abandoning its Pisolite Hills project on the Western Cape after the State Government banned mining in the Steve Irwin Wildlife Reserve....
Senior management changes in Rio Tinto
Rio Tinto has appointed Greg Lilleyman as the new group executive, Technology & Innovation (T&I) following the retirement of Preston Chiaro at the end of March 2014. Greg’s appointment is effective from 1 January 2014. Rio Tinto chief executive Sam Walsh said “Under Preston’s leadership, our...
Cape Alumina shifts focus to Bauxite Hills mine and port project
Bauxite developer Cape Alumina told shareholders on Friday that its entire focus would now shift to the development of the Bauxite Hills mine and port project, in Queensland, after the state government effectively canned the company’s Pisolite Hills project. In November, the state government...
Cape Alumina officially abandons Cape York bauxite project
Cape Alumina has officially announced it has abandoned its $1.2 billion Pisolite Hills mining project in far north Queensland's Cape York region but will push ahead with its nearby Bauxite Hills project. Last month, the State Government banned mining on the Pisolite Hills site, after declaring the...
Rio Tinto sees Gove bauxite export capacity at 7-8 mln tonnes
Rio Tinto expects to be able to export 7-8 million tonnes of bauxite a year from Gove in Australia's Northern Territory, the company's aluminium chief said on Tuesady. Rio last week said it was suspending operations at its loss-making Gove alumina refinery but would continue mining bauxite there...
Bauxite Resources Limited handed back trial mining land to its owner
Bauxite Resources Limited is pleased to announce that the area of private farmland that was used for the trial mining in 2009/10 has now been formally handed back to the owner following successful rehabilitation of the pastoral land. Following the trial shipment in March 2010 the eight hectares of...
Closure of Gove will have no impact on Tiwai
The closure of Rio Tinto's Australian alumina refinery in Gove will have no effect on Southland's Tiwai Pt aluminium smelter. The mining giant, which is the majority owner of the New Zealand Aluminium Smelters, announced last week it would suspend alumina production at the Northern Territory plant...
Cape Alumina to meet Deputy Premier Jeff Seeney over mining ban
Resource company Cape Alumina, which stopped work on a major bauxite mine on far north Queensland's Cape York, will meet Deputy Premier Jeff Seeney about the impact of new environmental restrictions proposed for the region. Cape Alumina has spent more than $20 million on its Pisolite Hills venture...
Rio might face legal challenge from AWU on its decision to close Gove alumina refinery
The decision by mining giant Rio Tinto to close its Gove alumina refinery in the Northern Territory may face a legal challenge. Representatives of the Australian Workers Union met with Territory Chief Minister Adam Giles today to discuss the closure. The union claims Rio Tinto signed an agreement...
Carbon tax 'not to blame' for Gove closure
RIO Tinto boss Sam Walsh has said the carbon tax is not to blame for the closure of its Gove alumina refinery in the Northern Territory. Mr Walsh, speaking in Sydney today after an investor briefing, said that while the carbon tax had obviously put pressure on energy-intensive industries, it was...
AWU criticises Rio's decision to close the Gove Refinery as destructive
Rio Tinto’s decision to shut its Gove alumina refinery in the Northern Territory will destroy the region, the Australian Workers union says. AWU National Secretary Paul Howes said the decision questions Rio’s social licence to mine. "We are talking about an entire town being destroyed here, $500...
Chief executive Sam Walsh applauded by investors for Gove decision
Rio Tinto (RIO) was the FTSE 100's top performer for the second morning running on Friday after the mining major announced the suspension of production at its Gove alumina refinery. Chief executive Sam Walsh was applauded by investors for the decision, which he made because the refinery was deemed...
Rio Tinto to suspend production at Gove alumina refinery
Rio Tinto will move to suspend alumina production at Gove and focus on its bauxite operations after determining the refinery is no longer a viable business in the current market environment. Rio Tinto will now work on the scope and phased timing of suspension and prepare for all potential outcomes...
Rio Tinto looks ready to close aging Gove refinery
Global metals giant Rio Tinto looks likely to close its aging alumina refinery at Gove, in Australia's Northern Territory, three months after cutting a deal to keep its Tiwai Point smelter in New Zealand open until at least 2017. Australian media reports say the company has told NT and federal...
Rio puts its Queensland bauxite project on hold
In a move that marks a fresh setback for Queensland's mining sector, Rio Tinto has told contractors in the state that it has put its $1.4 billion South of Embley bauxite mine on hold for as long as 18 months, according to The Australian Financial Review. The mine and port project had been approved...
Cape Alumina considers options after Cape York bauxite project gets suspended
Cape Alumina says it is trying to shore up its other mining interests in Queensland after the State Government scuttled its billion-dollar bauxite project on Cape York in the far north. A mining ban over the Steve Irwin Wildlife Reserve has forced the company to suspend all operations at Pisolite...
