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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Gove alumina operations may close to cut costs
Operations at Rio Tinto's alumina facilities at Gove in the Northern Territory could be temporarily suspended. The ABC understands the mine operator, Pacific Aluminium, called a meeting with workers today to announce it is conducting a strategic review into the bauxite mine and refinery. The...
Rio Tinto Alcan's Yarwun refinery expansion project opens
Rio Tinto Alcan's Yarwun refinery expansion project opens More than 600 employees, Gladstone community representatives and local Indigenous leaders joined with Rio Tinto Alcan and Queensland Premier Campbell Newman today to launch the $2.5 billion Yarwun alumina refinery expansion in Gladstone....
Bauxite unearthed in Queensland
Cape Alumina says it has now discovered an estimated 200 million tonnes of bauxite during exploration on Cape York in far north Queensland. The ABC reports the company holds exploration permits covering 1900 square kilometres in the western Cape region. "We've got an exploration target of 400...
Aluminium production ends at Kurri smelter
ABC reported that 4 decades of aluminium production officially ends at the Kurri Kurri smelter when the last aluminium billets are cast. The smelter has been gradually winding-down since Norsk Hydro announced the closure around 6 months ago with the loss of around 450 jobs. By the end of the year...
Newman pushes for Weipa bauxite mine expansion nod
Queensland Premier Campbell Newman says the Commonwealth is taking too long to consider a proposed bauxite mine expansion in the state's far north. Rio Tinto Alcan is seeking federal environmental approval for a $1.5 billion bauxite mine and port development at Weipa on western Cape York. The...
Gove alumina operations may close to cut costs
Operations at Rio Tinto's alumina facilities at Gove in the Northern Territory could be temporarily suspended. The ABC understands the mine operator, Pacific Aluminium, called a meeting with workers today to announce it is conducting a strategic review into the bauxite mine and refinery. The...
Gas pressures put squeeze on alumina
The current state of Australia's natural gas markets is squeezing out investment opportunities for the Australian alumina refining industry - an industry that includes some of the country's largest users of natural gas. Responding to the release of the National Institute of Economic and Industry...
Aluminium industry steps up gas push
The aluminium industry has ramped up its push for gas to be set aside for domestic manufacturing, calling gas a "publicly owned resource" with the government the "custodian of that resource". Rising domestic gas prices, coupled with the inability of large industrial gas consumers to enter into...
Rio Tinto Limited : Third quarter 2012 operations review
Rio Tinto chief executive Tom Albanese said "We have delivered another strong set of production results in the third quarter, including record quarterly Pilbara iron ore production. Copper, bauxite, alumina, and titanium dioxide production were all higher than in the same quarter of 2011. "As we...
Millions of carbon units granted to firms in Central Queensland
Several major industrial firms with operations in Central Queensland have been granted millions of carbon units. While Alcoa and Queensland Nitrates were the first two companies to be granted carbon units under the trading scheme, nine other companies have now joined the scheme. Among them, Orica...
Rio Tinto Q3 Global Iron Ore Production Rises 5%
Mining giant Rio Tinto Plc. RTNTF.PK, RIO, RIO.L, RTPPF.PK on Tuesday reported a modest growth in global iron ore production for the third quarter, despite volatility in markets. Unfazed by the economic uncertainties, the company confirmed its production forecast for the year. Iron ore accounts for...
Queensland Alumina Limited (QAL) confirmed job cut at its Gladstone plant
Queensland Alumina Limited (QAL) confirmed jobs will be cut at its plant in Gladstone. Low global prices and the high Australian dollar have been blamed for the job losses at the 40 year old refinery. In a statement announcing the cuts, QAL chairman Armando Torres took a swipe at 'new taxes' for...
Gladstone alumina refinery celebrates 45 years
More than 100 former construction workers will reunite this weekend at Gladstone in central Queensland, to celebrate 45 years since the construction of the world's largest alumina refinery. It took three years and thousands of workers to build Queensland Alumina Limited's (QAL) refinery in...
Australia's leading economist Bill Evans predicts a tough future for aluminium
One of Australia's leading economists says the nation's aluminium industry faces a tough fight for survival, but all hope is not lost. Westpac chief economist Bill Evans stole the show at the Golding Industry Conference yesterday with a fascinating look at the global economy and what the future...
Alumina agrees to limits exposure to Alcoa's civil bribery case
Melbourne-based Alumina Ltd has secured an agreement limiting its exposure to Alcoa's $US85 million ($83m) cash settlement of a US civil bribery and fraud lawsuit from state-controlled Aluminium Bahrain (Alba). The Alcoa settlement was without admitting any liability and includes a long-term...
Alumina faces loss from its partner Alcoa
Alumina received no dividends from its joint venture partner Alcoa in the three months to September after the US company posted a third quarter loss of $US143 million ($A140.96 million). Melbourne-based Alumina's only earning asset is its 40 per cent stake in Alcoa World Alumina and Chemicals...
Australian Bauxite Limited releases webcast on its Three State-Significant Projects
Australian Bauxite Limited (ASX:ABZ) has released a webcast with CEO Ian Levy regarding ABx's Three State-Significant Projects. Abx has developed a highly successful exploration model for discovering high quality bauxite; this model has allowed the company to pinpoint the most prospective targets...
Jobs cuts confirmed at Queensland Alumina Refinery
Rumours that jobs will be lost at Gladstone's Queensland Alumina Limited refinery have been confirmed, with the company announcing plans to restructure its operations to ensure the refinery can compete successfully in all market conditions. QAL chairman Armando Torres said the aluminium sector in...
