Ghana puts bauxite, lithium and iron ore in the spotlight to woo Australian capital
Ghana has stepped up efforts to attract Australian investment into its growing critical minerals sector, pitching the country as a stable and reform-driven destination for mining and value-added mineral development at the 2026 Africa Down Under (ADU) Summit in Perth. The Ghanaian delegation was led...
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...
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Struggle for gas continues to keep Gove refinery running
Last-ditch efforts are underway to persuade Rio Tinto to maintain production at its Gove alumina refinery in Australia after talks with potential gas suppliers to reduce costs ended without a resolution. Rio Tinto subsidiary Pacific Aluminium has said if it can't run the 2.5 million tonnes-per-year...
Bauxite Resources updates Quarterly Activities and Cashflow Report
Bauxite Resources Limited continues to focus primarily on evaluating bauxite prospectivity in the Darling Range and exploration throughout the Company's extensive tenement holding. Currently BRL holds 22,500km2 in Exploration Licences in the Darling Range of south west Western Australia. The...
Deadline approaching for decision on Gove refinery
The loss-making Gove peninsula aluminium refinery and bauxite mine in Nhulunbuy, in the Northern Territory’s Arnhem Land, will have its fate decided today. Around 800 people staged a rally to display their concern at the possible closure of the plant, operated by Rio Tinto subsidiary Pacific...
Rio Tinto says Cyclone Oswald hit alumina output
Rio Tinto said on Wednesday that it was producing alumina in Australia's Queensland state at lower rates following heavy rains and flooding caused by ex-tropical cyclone Oswald. Rio said production was temporarily suspended at its Yarwun alumina refinery due to record rainfall around the Gladstone...
Australian alumina steady despite news of production cuts in Queensland
Platts Australian alumina assessment at $338/mt FOB was unchanged from Friday despite news of production cuts in Queensland, Australia due to storms and flooding. Reports of the run cuts came during the Asian business day, but market participants mostly said they planned to wait and see what impact...
Alumina spot market frozen until Q2 on strong quarterly contract sales
Alumina traders are struggling to find any available cargoes in the first quarter of 2013, as many producers sold forward much of their first-quarter material and will not be responding to enquiries until late March, when they will have material available for the second quarter. Metal Bulletin’s...
BHP to write down nickel and aluminium units
Analysts expect BHP Billiton Limited to write down the value of its Australian aluminium and nickel assets by some USD 4 billion in February in response to the continued strength of the Australian dollar and weak aluminium prices which have undermined hopes for a short term recovery. The miner's...
Nhulunbuy residents plan rally to save Gove alumina refinery
People in the remote Northern Territory town of Nhulunbuy are planning a rally on Wednesday to show resources giant Rio Tinto Ltd, that "they matter". With Rio's self-imposed deadline of January 31 for a report on the viability of their Gove alumina operations, people in the satellite town of...
Aluminium consumption set to rise through to 2020
Consumption of aluminium is set to rise between now and 2020, according to a recent market report. According to Roskill Information Services, global production of aluminium has grown by an average of 6.6% between 2002 and 2011 and by 18.4% in China. Consumption growth over the same period was 5.9%....
Nhulunbuy town braces for Gove refinery news
The Northern Territory outback town of Nhulunbuy is facing a devastating blow, as a government bid to save an alumina refinery may be too little too late. Nhulunbuy, a satellite town of the Gove alumina refinery and bauxite mine, has been waiting anxiously for news of whether mining giant Rio Tinto...
BHP set to write down its nickel and aluminium assets
BHP Billiton is likely to write down the value of its Australian aluminium and nickel assets by about $US4 billion ($3.8bn) next month, as the strong dollar and weak prices extinguish any hope of a rebound in returns in the short term. Analysts estimate the two businesses are likely to rack up...
Alumina Limited Rating Lowered to Sell at Goldman Sachs
Alumina Limited was downgraded by Goldman Sachs from a “neutral” rating to a “sell” rating in a research note issued on Thursday. Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse upgraded shares of Alumina Limited from a “neutral” rating...
Gas plan for Gove Refinery to cost taxpayers $900m
Rio Tinto says it is too expensive to keep using heavy fuel oil as a power source and has threatened to shut its alumina refinery on the Gove peninsula, 600km east of Darwin. Rio's subsidiary Pacific Aluminium wants taxpayers to provide a $900 million gas pipeline over 600km from Katherine to Gove....
Current average rating of Alumina Limited stock settles in 'hold'
Alumina Limited was upgraded by equities research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday. A number of other analysts have also recently weighed in on AWC. Analysts at JPMorgan Chase upgraded shares of Alumina...
Future of Gove smelter uncertain still
Canberra has countered calls for a drastic intervention in the domestic gas market to guarantee energy supplies to a Rio Tinto aluminium refinery amid estimates it could cost $2 billion to rescue the Northern Territory facility. Resources Minister Martin Ferguson moved against the proposals by...
Alumina shares jump on Alcoa profit beat
Shares in Australian company Alumina have risen after aluminium giant and joint venture partner Alcoa beat sales expectations and forecast a rise in demand in 2013. Alcoa kicked off the US earnings season posting net income of $US242 million ($231.5m), compared to a $US193m net loss from the same...
Rio considers closing Gove alumina refinery
The fight to save nearly 1600 Rio Tinto aluminium jobs in the Northern Territory is dangerously close to being lost after the government admitted negotiations had stalled. Mining giant Rio Tinto's subsidiary Pacific Aluminium said on Monday that it was considering shutting its loss-making Gove...
WA’s mining industry calls for a review of mining development at Kimberley
WA’s mining industry has called for a full review of resource development in the Kimberley after Colin Barnett appeared to rule out development of a massive bauxite resource in the region owned by Rio Tinto and Alcoa. Association of Mining and Exploration Companies chief executive Simon Bennison...
