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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Cape and Gulf regions to seek royalties from Government
A coalition of Cape York councils is planning to lobby the State Government to be included in its Royalties for the Regions program. The government has promised to invest almost $500 million over four years in regions under pressure from resource development. Aurukun Shire Council CEO John Japp...
Rusal and BlueScope Steel criticises price link to EU
The government's plans to link Australia's emissions trading scheme to Europe have been attacked by the chairmen of two of Australia's biggest carbon polluters. John Hannagan, chairman of the Australian arm of the world's largest aluminium producer, Rusal, said the move "simply doesn't make sense"...
Australian Bauxite Limited publishes Half Yearly Report
Australian Bauxite Limited is an emerging bauxite exploration and development company, which listed on the Australian Securities Exchange on 24 December 2009 with the ASX Code ABZ. This Review of Operations covers the period to 30 June 2012. As at 30 June 2012, the Company through its wholly owned...
Alumina Ltd. ratings lowered to 'BBB-'
On Aug. 29, 2012, Standard & Poor's Ratings Services lowered its ratings on Australian mining company Alumina Ltd. (Alumina) to 'BBB-', from 'BBB'. The outlook is stable. They view that the current trading conditions in the alumina and aluminum industries are more challenging than at the beginning...
Bauxite lobbyists accuse MLA Terry Redman of failing to protect land from bauxite mining
An anti-bauxite mining lobby group has accused Blackwood Stirling MLA Terry Redman of failing to protect the Warren Blackwood area from the threat of bauxite mining. The Bauxite and Alumina Action Group claimed Mr Redman and other Nationals’ ‘‘apathy’’ towards possible bauxite mining in the region...
Rio Tinto not tempted by cheap mining assets
Valuations of mining assets are well down from recent peaks, but don’t expect Rio Tinto to be out and about among the bottom fishers. Analysts who sat down with Rio Tinto CEO Tom Albanese at a roundtable this week came away with the impression that the Anglo-Australian miner is keeping its purse...
Job cuts in Boyne Smelter another blow to the Australian aluminium industry
Boyne Smelter Limited (BSL) yesterday announced it would cut 90 leadership and support jobs from its 1,200-strong workforce. It comes as another blow to the Australian aluminium industry and its employees. "The blow-out in operating costs, taxes and over-regulation is hitting the aluminium industry...
Australian Bauxite to discuss its plans in Asia at One2One Investor Forum in Sydney
Australian Bauxite has an extensive portfolio of 42 bauxite tenements in Australia covering almost 9000 square kilometres - with these strategic projects potentially playing a part in supplying bauxite to China - which is becoming increasingly reliant on imports. Importantly - the company’s bauxite...
Alumina swings to big interim loss
Alumina Ltd expects the short-term outlook to remain volatile, but flagged an end to China's control over aluminium prices after swinging to a big loss in the first half of the year. For the six months to June 30, Alumina posted a net loss of $14.6 million, compared to a $67.7 million net profit in...
Carbon tax blamed for Queensland smelter job cuts
The federal opposition says the carbon tax is partly responsible for 90 job losses at Australia's largest aluminium smelter in Queensland. Opposition industry spokeswoman Sophie Mirabella says an organisation restructure, as well as a blow-out in operating costs, taxes and over-regulation has hit...
Rio Tinto advances Diamond assets sales as Aluminum Plan Stalls
Rio Tinto Group, the world’s third- largest mining company, said its plan to sell diamond assets is “well advanced,” while the divestment of aluminum operations has stalled after prices for the lightweight metal fell. Rio is “looking at multiple options” for its diamonds division, Chief Financial...
Rio Tinto to release more Aluminum Assets and Diamonds business
Rio Tinto PLC (RIO) continues to look at ways to exit some of its aluminum assets and its diamonds business and has had interest from potential buyers in individual operations as well as collectively, the mining giant's chief financial officer said Wednesday. Guy Elliott during a conference call...
Rio’s first-half profit drops 22%
Rio Tinto Group (RIO), the world’s third- largest mining company, said first-half profit dropped 22 percent after prices for iron ore, copper and aluminum fell and costs gained. Net income declined to $5.9 billion from $7.6 billion a year earlier, London-based Rio said today in a statement. That...
Government approves Tomago cable factory
A $30 million Tomago cable factory has won state government approval. The NSW Planning decision paves the way for Bahrain-based Midal Cables to forge ahead with a new plant on the eastern edge of the existing Tomago Aluminium site. The new project could be a substantial boost for the region’s...
Hydro to Shut Down Loss-Making Remelting Aluminum Capacity
Norsk Hydro ASA (NHY), Europe’s third- largest aluminum maker, is cutting capacity at plants where it uses third-party metal to make orders for the auto and building industries after suffering losses. The company will shut 35,000 metric tons of remelting capacity at its Sunndal plant in Norway and...
Newcastle Aluminium plant approved
After taking several recent hits the Hunter's aluminium sector has received a boost with a $30 million manufacturing facility approved near Newcastle. Bahrain based company Midal Cables International has received State Government approval to build the Tomago facility with an Australian-based...
Bauxite venture case presented to Bridgetown-Greenbushes council
Bauxite Resources Ltd (BRL) chief executive Scott Donaldson presented his company's case for a local bauxite venture to the Bridgetown-Greenbushes Shire Council meeting last week. Mr Donaldson told council he was disturbed by scare-mongering and wished to debunk myths. He said his company only has...
T.C. Aluminium won the glazing contract for Adelaide’s twin towers
Series 411 ViewMASTER bi-fold doors and Series 702 SlideMASTER doors were installed at a major hotel-cum-residential apartment tower complex located in the heart of Adelaide’s CBD. A landmark presence in Adelaide, the $150-million complex consists of the 15-level, 308-room Crowne Plaza Hotel tower...
