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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Former Tiwai Point Smelter's general manager's new challenge no picnic
As New Zealand Aluminium Smelters general manager Ryan Cavanagh prepares to leave his post this month, he tells Collette Devlin he is not jumping ship from the Tiwai Pt smelter. The rumour that the New Zealand Aluminium Smelters general manager was jumping a sinking ship have been swirling since...
Alumina gets boost from Alcoa
Shares in Australia’s Alumina are soaring after its joint venture partner Alcoa signalled that the aluminium industry had turned around, with a jump in profit. The US aluminium giant Alcoa reported a 59 per cent rise in first quarter earnings. Alumina’s shares were up 6.25 cents, or 6.22 per cent,...
Alcoa Kwinana refinery on fire causing upto $1 million damage
A fire broke out in the cooling tower at Alcoa's Kwinana alumina refinery today causing up to $1 million damage. There were reports of an explosion and a plume of black smoke flowed from the refinery. Department of Fire and Emergency Services spokesman Allen Gale confirmed the blaze started a short...
Rio Tinto waits for green light on $1.3b Weipa mine expansion
Rio Tinto Alcan expects construction of its $1.3 billion bauxite mine expansion near Weipa to start this year. The company has delivered its final environment impact statement to the Federal Government and is hopeful of approval of South of Embley for a construction start before the wet season...
FOB price for Australian alumina down to $322/mt
The FOB price for Australian alumina has been dragged down by falling LME aluminum prices to USD 322/mt, down USD 6/mt or 1.83% from before the Chinese Qingming holiday. LME aluminum prices have dropped to USD 1,880/mt from USD 2,174/mt on February 25, 2013, a decrease of nearly 13.52%. Alumina...
Ess Dee Aluminium in sale talks with Australian packaging giant Amcor
Aluminium foil maker, Ess Dee Aluminium BSE 0.77 % is in talks with Australian packaging giant Amcor to sell controlling stake in the company, sources with direct knowledge said. Amcor has offered to buy the company at a valuation of $365 million and the top officials of both the companies are...
Bauxite Resources Ltd provides an update on bauxite exploration activities in Western Australia
Perth-based bauxite explorer and developer, Bauxite Resources Ltd is pleased to provide an update on bauxite exploration activities in its northern Darling Range tenement area, Western Australia. An exploration drilling campaign has been completed on the Company's Fortuna prospect, located on...
Bauxite mining project to likely create 45 local jobs
Production at a proposed new bauxite mine in the state's North could start midway through next year, creating up to 45 jobs. A Chinese company has invested in two projects, the other being based in at Goulburn South, in southern New South Wales. Australian Bauxite Limited and Chinese aluminium...
Green group wants Cape York bauxite plans downsized
The Wilderness Society says it could support a proposed bauxite mine on western Cape York in far north Queensland if it was significantly scaled back. Rio Tinto Alcan has released a final environmental impact statement for its proposed South of Embley project at Weipa. Wilderness Society spokesman...
Australian Bauxite signs term sheet agreements with Xinfa Group
ASX-listed Australian Bauxite has signed term sheet agreements with Chinese aluminium producer Xinfa Group to develop the Tasmanian and Gouldburn South bauxite projects. Under the terms of the transaction, Xinfa would pay $500000 as an exclusivity payment for a five-month due diligence period. This...
Power play in court as Alcoa demands hardship price deal
Two of Australia's biggest companies, AGL and Alcoa, are squaring off in the Supreme Court over power supplies to the Point Henry ageing aluminium smelter. Alcoa, which owns and operates the smelter, is suing AGL after it refused to implement hardship provisions under a multi-million-dollar power...
Rusal chief warns that carbon tax will drive jobs offshore
Russian aluminium tsar Oleg Deripaska has attacked the Gillard government's carbon tax, saying it is leading towards higher energy costs that come with the danger of driving local manufacturing and minerals processing jobs overseas. Mr Deripaska, chief executive of the world's biggest aluminium...
Alumina Ltd lost 0.43% at $4.59
Alumina Limited lost 0.43% at $4.59 after trading over 602,000 ADRs. It is a leading Australian company listed on the ASX and the NYSE, and invests world-wide in bauxite mining, alumina refining and selected aluminium smelting operations through its 40% ownership of Alcoa World Alumina & Chemicals,...
Energy Matter announces commercial solar leasing program
National solar solutions provider Energy Matter has announced a commercial solar leasing program offering South Australian businesses the opportunity to install a solar power system with zero up front costs. The announcement was made at the recent formal unveiling of Ullrich Aluminium's latest...
China’s bauxite imports from Indonesia down 25% YoY in february
According to China Customs, China imported 2.78 million mt of bauxite from Indonesia during February, down 25.25% YoY, but imports of Australian bauxite increased 11.76% YoY to 904,700 mt. China imported 1.89 million mt of bauxite from Australia during the first two months of this year, a gain of...
Novagen to acquire the business of Argon Aluminium
Novagen Solar Inc. today announced that on March 7, 2013, Novagen Solar Inc. through its wholly-owned subsidiary, Renegade Engine Company Pty Ltd., entered into a written agreement with Newscope Enterprises Pty Ltd. to acquire the business of Argon Aluminium, of Tweed Heads, NSW, Australia....
Australia Minerals & Mining acquires Gibson Alumina project
The acquisition of Gibson High Purity Alumina project in Western Australia has boosted aluminous clay resources held by Australia Minerals & Mining to 147 million tonnes.The 100 per cent owned Gibson project, located 10km by road from the Esperance Port, comprises 200 blocks.Previous exploration in...
Pacific Aluminium Automates IT Service Delivery in 30 Days With ServiceNow
ServiceNow, the enterprise IT cloud company, today announced that Pacific Aluminium is using ServiceNow software-as-a-service to successfully provide a new level of IT service delivery across its mining, refinery and smelter operations in Australia and New Zealand. Pacific Aluminium went live in 30...
