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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Study shows significant contribution by Boyne Smelters to Australia's GDP
A New study has highlighted the significant social and economic contribution Boyne Smelters makes to Australia, Queensland and the Gladstone region. The study found Boyne Smelters contributes more than $1.4 billion annually to Australia's gross domestic product, with more than half of this economic...
Bauxite Resources publishes Sept 2013 quarterly activities and cashflow report
Bauxite Resources Limited continues to focus primarily on the exploration and evaluation of bauxite prospectivity in BRL's extensive tenement holding in Western Australia's Darling Range, the largest bauxite and alumina producing region in the world. Highlights: - Bauxite resources of Bauxite...
Bauxite Resources withdraws Bindoon bauxite project
The decision by Bauxite Resources Limited (BRL) to not proceed with the Bindoon Bauxite Mining Proposal brings to an end a period of uncertainty, according to MLA Shane Love. BRL had anticipated a mining operation at North Bindoon of up to two million tonnes of bauxite per annum over five years....
Alumitec announces its expansion into the Aluminium Balustrading market
Alumitec announced today that its Australian Aluminium Distributor division is entering the Balustrade market with some very stylish and market leading systems. Their head of marketing Tim Flannery today announced the NEW Balustrade safety system called Alumi Rail. who has just entered into an...
AWC’s profit improved marginally during the third quarter
The USD 67 million alumina segment result for Alcoa, a proxy for Alumina Ltd, or AWC’s, profit, improved marginally on the second quarter’s USD 64 million profit, and was meaningfully better than the previous corresponding period’s loss. Compared with second-quarter 2013, the Australian dollar fell...
Bauxite Resources Limited publishes annual report
During the year Bauxite Resources Limited focused on the development of its bauxite interests in Western Australia with the objective of commercial development of bauxite and alumina capacity to support a developing market in China. Achievements during the financial year were: - Exceptional...
Bauxite Resources withdraws EPA application for mining proposal
Bauxite Resources Limited today announces that its joint venture with Yankuang, Bauxite Alumina Joint Ventures ("BAJV"), has withdrawn its Environmental Protection Authority ("EPA") referral for its Mining Proposal at North Bindoon. The North Bindoon Referral anticipated a mining operation of up to...
Alcoa slump makes future of Point Henry smelter at Geelong uncertain
ALCOA'S miserable earnings from its global fleet of aluminium smelters in the September quarter has raised fresh concerns over the future of the loss-making Point Henry smelter at Geelong and its 500 local jobs. In an earnings call in the US on the third-quarter result, Alcoa chairman and chief...
Alumina Limited tops the list of nine best stock picks by Research house Morningstar
From Alumina to Woodside Petroleum, research house Morningstar has unveiled its nine top stock picks from the 230 companies it analyses from the Australian Securities Exchange. Morningstar’s best stock ideas are “our most-vetted, highest conviction ideas” at attractive prices, according to the...
Petition to halt Bauxite Mining project at Steve Irwin Wildlife Reserve fails
A Petition from Australia Zoo owner Terri Irwin demanding a halt to a bauxite mine development inside the Steve Irwin Wildlife Reserve has fallen short, with Mines Minister Andrew Cripps saying it would be decided by "due process". Cape Alumina's Pisolite Hills project will begin construction...
Nhulunbuy locals are worried about the latest gas deal
The local MP for the mining town of Nhulunbuy says locals are still worried about the region's future, despite a meeting yesterday where more gas was promised for a mining company to continue operating. Labor MP Lynne Walker who represents Nhulunbuy said a town meeting on Monday with Federal...
Macfarlane to meet with locals over Gove refinery
Federal industry minister Ian Macfarlane and NT chief minister Adam Giles will meet with Arnhem Land locals and businesses today over the fate of the Gove alumina refinery. The loss-making Pacific Aluminium plant, owned by Rio Tinto, could have its operations suspended, among four other options its...
Cape Alumina merger deal gets its bauxite project under way
Cape Alumina is set to secure funds to progress its $396 million bauxite project under a merger deal with coal junior MetroCoal. The companies have announced a scheme of arrangement merger that will create a $28m diversified resources house with the aim of developing the Pisolite Hills bauxite...
Gove's future rests with Rio Tinto: Giles
Chief Minister Adam Giles says the Northern Territory Government has done all it can to deliver gas supplies to Rio Tinto to ensure it keeps its Gove alumina refinery open. Mr Giles held private meetings with community and business leaders at Gove on Tuesday to discussing the future of the...
Giles goes to Rio to keep Gove alumina refinery open
Northern Territory Chief Minister Adam Giles met Rio Tinto this week to outline gas supply options to keep its Gove alumina refinery open, as he called on the global miner to "back the Northern Territory". Mr Giles said that at the meeting on Monday he offered gas to the company, including supply...
Cape Alumina and Metrocoal in posssible merger
Junior resources companies MetroCoal and Cape Alumina are expected to announce a deal today after both companies halted trading in their shares ahead of finalising a corporate merger. Cape Alumina has a market capitalisation of $13 million and Metrocoal is valued at $8m. "The trading halt is...
Traditional owners North Queensland got back parts of land proposed for bauxite project
Traditional owners from five clans in far north Queensland have now taken control of a parcel of west Cape York land earmarked for a multi-billion-dollar bauxite project. The deeds to the land were handed over yesterday to the Ngan Aak-Kunch Aboriginal Corporation at a ceremony in Aurukun, north of...
Rio and Chalco opted out of Aurukun bauxite deposit
Mining major Rio Tinto and Chinese owned Chalco have opted out of bidding for the $20 billion Aurukun bauxite deposit in Cape York, leaving Glencore and Australia Indigenous Resources in the race. The Queensland government released a shortlist of five bidders to pitch for the Aurukun deposit in...
