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 downgraded to "underperform"
Alumina Limited was downgraded by equities research analysts at Bank of America Corp. to an “underperform” rating in a research note issued to investors on Monday, Stock Ratings Network reports. Alumina Limited traded down 3.79% during mid-day trading on Monday, hitting $3.55. 65,987 shares of the...
Alcoa Australia fined for alumina dust pollution in Perth
Alcoa Australia was fined $27,500 in Perth Magistrates Court last week for allowing dust from its alumina refinery facility in Wagerup to escape from its boundary into the environment. The court was told dust from Alcoa’s residue disposal area crossed over the boundary of the site into the...
Rio Tinto to decide on Bauxite expansion within year, Cote says
Rio Tinto Group, the world’s second-largest mining company, will decide within the next year on whether to expand its Weipa bauxite mining operation in Australia to help capture rising demand from China. Bauxite is “the healthiest” of the three products sold by Rio Tinto Alcan, Jacynthe Cote, chief...
Rio's cancellation of the divestment plans for Pacific Aluminum not to impact its stakeholders
Rio Tinto's decision to call off the divestment plans for its Pacific Aluminium unit will not impact stakeholders of Australian Boyne Aluminium Smelters and the New Zealand Aluminium Smelters, a spokesman for Sumitomo Chemical, which has stakes in both companies, said Friday. "Following a...
Rio Tinto reveals an 18% drop in underlying earnings
Rio Tinto has revealed an 18% drop in underlying earnings, down to US$4.2bn, in the first half of the year. It blamed lower metal prices and higher taxes for the decline. Rio also put on hold its efforts to sell its aluminium business interests after it couldn’t find a buyer. The FTSE 100 miner...
Rio signs MoU for bauxite mine in northeast Arnhem Land
As Aboriginal leaders call for their communities to become economically independent, the people of northeast Arnhem Land may soon own their own mine. At the Garma Festival held over the weekend on a Yolngu site 14km outside of Nhulunbuy, the Gumatj Aboriginal Corporation and Rio Tinto-owned Gove...
Gove alumina refinery future in doubt as Rio Tinto drops sale plan for PAL
The future of the Gove alumina refinery is again in doubt following the announcement by mining giant Rio Tinto that it is reintegrating its subsidiary Pacific Aluminium in the parent company because it could not sell it for a good price. The Northern Territory Government says it believes the move...
Former Northern Territory CM Terry Mills slams Giles on gas deal change
Former Northern Territory Chief Minister Terry Mills says his successor is risking the Territory's future energy supply by reneging on the gas to Gove deal. Chief Minister Adam Giles last month halved the previous offer of gas to Rio Tinto subsidiary Pacific Aluminium, which operates the Gove...
Northern Territory bye-passes court ruling over recycling scheme
The Northern Territory government has reinstated its cash for containers program despite losing a Federal Court challenge on the issue earlier this year. The Territory introduced a 10c refund on cans and bottles last year, but was taken to court by Coca-Cola Amatil, Schweppes Australia and Lion Pty...
Residents fear potential health hazards in Alcoa refinery expansion
Residents who have campaigned against a south-west Western Australian alumina refinery say a decision to allow the facility to increase production is "another nail in the coffin" for the town of Yarloop. Environment Minister Albert Jacob has dismissed appeals against Alcoa's application to increase...
Despite growth in Australia’s LNG sector, aluminium producers facing limited supply
Australia’s liquid natural gas production is growing fast, and is set to continue. But one of Australia’s biggest gas consuming sectors says it’s suffering from a stifled local market. Miles Prosser, executive director at the Australian Aluminium Council, says despite the immense growth in...
Production increase approved for Alcoa's Wagerup refinery
Alcoa has been given the go ahead for a planned production increase at its Wagerup alumina refinery in Western Australia, despite the health fears of local residents. Nine appeals were lodged against the upgrade of the plant, with residents in the nearby towns of Yarloop and Waroona saying odour...
LED illuminators help increase productivity at Western Australia bauxite mine
LED illuminators from Raytec have significantly increased productivity at the world’s largest bauxite mine in Western Australia, in a state of the art lighting upgrade in an incredibly remote and challenging environment. The mine currently produces around 23 million tonnes of bauxite a year and was...
Gove employees kept in the dark about new gas supply offer
Pacific Aluminium knew early last month about the new gas supply offer - and didn't tell its workers. The company acted as though surprised and disappointed by Chief Minister Adam Giles' announcement of a dual fuel plan on Friday. It did not mention any uncertainty over gas in its community...
Fed Govt has new gas pipeline plans for Gove Refinery
While residents at Nhulunbuy are fearing for their future after Chief Minister Adam Giles announced the Northern Territory government would retreated from an agreement to provide gas to help save Gove’s Rio Tinto alumina refinery, businesses in the Katherine region are worried about the economic...
Alumina Limited continues with underperform rating
Alumina Limited‘s stock had its “underperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. Shares of Alumina Limited traded down 1.01% during mid-day trading on Friday, hitting A$0.985. Alumina...
Northern Territory Government has offered 195PJ of gas to Pacific Aluminium
The Deputy Chief Minister Dave Tollner will visit Gove today to update locals on progress with plans to get gas to the town. “We are taking this issue very seriously. We want to assure the people of Gove that we are working hard to find a long term solution to the town’s energy needs that is...
FOB price of Australian alumina hits a new 10-month low
The FOB price of West Australian alumina fell to USD 316.5/mt last week, down USD 2.5/mt on a weekly basis and the lowest level since last September. The price decline was due largely to falling LME aluminum prices and sagging demand from China. First, LME three-month aluminum contract prices fell...
