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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World's first Carbon fibre composite wheel lighter than premium aluminum wheels
Australian company Carbon Revolution claims to have developed the world's first one-piece carbon fibre composite wheel for cars. According to Carbon Revolution, a privately owned Australian company, the composite wheels are 40-50% lighter than premium OEM equivalents made from aluminium. The...
Industry Minister rejects NSW call to save Hunter smelter in Australia
Federal Industry Minister Greg Combet has rejected a call from NSW for the commonwealth to bail out a Hunter aluminium smelter. The federal government is reportedly set to announce a $42 million rescue package for Alcoa's Point Henry aluminium smelter operations near Geelong in Victoria to help...
Point Henry smelter offered a $42 million lifeline by the Gillard government
The Point Henry aluminium smelter has been offered a $42 million lifeline by the Gillard government which, if accepted, would guarantee the future of the Geelong plant for the next two years and save hundreds of manufacturing jobs on the eve of the introduction of the carbon tax. Under the terms of...
The future of Point Henry aluminium smelter and its 600 workers to be decided soon
Some 600 Victorian Alcoa workers will soon learn if they still have jobs, with the federal government saying it expects to finish talks soon with the company about the future of its Point Henry aluminium smelter. Federal Industry and Innovation Minister Greg Combet said the government wanted to...
Residents unite to fight bauxite mine plans in West Australia
Residents angry about plans to explore for bauxite in the South West have vowed to fight a bid to push ahead with the proposal, saying it puts some of WA's most productive farmland at risk. Chinese-backed Bauxite Resources Ltd got a red light this month from the WA Mining Warden to its application...
UBS cuts BHP and Rio's Profit by 4%
UBS AG downgraded BHP Billiton Ltd. (BHP) and Rio Tinto Ltd. (RIO)’s earnings estimates by 4 percent due to Australia’s mining and carbon taxes. BHP will pay $715 million in mining tax and A$300 million ($302 million) in carbon tax in the year ending June 30, 2013, UBS analyst Glyn Lawcock said in...
Recommendation of bauxite license rejection in SW has environmental significance
The WA Greens say the Mining Warden's recommendation that three licences for bauxite exploration in the south-west should be rejected is a step towards protecting the region from all forms of mining. The State Government is deciding whether to grant three licences for bauxite exploration to Bauxite...
Alcoa suffers legal setback over Varanus blast case
Aluminum giant Alcoa has suffered a setback in its $158 million damages claim against Apache Energy over the 2008 Varanus Island gas explosion, after a judge threw out part of its legal argument. West Australian Supreme Court judge Rene Le Miere yesterday handed down a pre-trial decision in the...
Greens MLA applauds bauxite mine rejection
West Australian Greens MLA Giz Watson has applauded a move by the state's Mining Warden's Court to reject three bauxite exploration licenses in the tourist-haven southwest region. Perth-based Bauxite Resources, which has already been granted exploration licenses over 59 tenements in the state's...
Bauxite Resources pushes for mining leases
ASX-listed explorer Bauxite Resources on Tuesday told shareholders that it would push for the granting of three additional exploration licences, despite the Western Australian mining warden making recommendations that the licences be refused. In a June 15 statement, the mining warden suggested that...
South-West bauxite mine bid gets thumbs down
A West Australia mining warden has recommended that a proposal to explore for bauxite south of Bridgetown, in the state's South-West, be rejected. Perth-based Bauxite Resources, which has been granted exploration licenses over 59 tenements in the South-West, said today its application for three...
Volatile economy brings Alumina Ltd share price down
The share price of Alumina Ltd ((AWC)) has returned to GFC lows in recent months, impacted by ongoing volatility in global equity markets, falling aluminium prices and a still strong Australian dollar. Even allowing for the recent share price falls Citi sees limited upside in Alumina Ltd at present...
Bauxite Resources CEO steps down
Perth based Bauxite Resources Limited (ASX:BAU) chief executive officer and executive director Scott Donaldson will step down from his dual roles by the end of the year, after two years leading the company. Bauxite says Mr Donaldson had made a significant contribution and has overseen its joint...
JPMorgan Chase downgraded Alumina Limited Rating to Underweight
Alumina Limited was downgraded by JPMorgan Chase from a “neutral” rating to an “underweight” rating in a research note issued on Friday. A number of other firms have also recently commented on AWC. Analysts at Bank of America upgraded shares of Alumina Limited to a “neutral” rating in a research...
Australian Bauxite Limited announces Share Purchase Plan
Australian Bauxite Limited announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares in ABx without brokerage or other related charges. Shareholders can purchase for $0.39 per share, which is the same price paid by brokers and professional investors in...
Yankuang Group Obtained Bauxite Mining Right
Recently, the GM of Shandong Yankuang Group attended ALUMINUM CHINA 2012 which was held in Shanghai and said that through acquisition and investment of 90% shares in Western Australia they’ve purchased the bauxite mining right of two companies. This bauxite occupied about 24,000sq.km. ore grade was...
Tomago Aluminium will be hit by the new carbon tax
It's hardly a household name but Tomago Aluminium is New South Wales' biggest power user. It needs the same amount of electricity as one million homes. The Federal Government's new carbon tax will affect the company on two fronts: directly, as one of Australia's 500 biggest polluters, and...
Australian Bauxite gets result from drilling in Binjour Bauxite Project
Emerging bauxite exploration and development company, Australian Bauxite Limited has received laboratory and exploration results from drilling and surface exploration at its Binjour Bauxite Project in central QLD 133 holes drilled in 2012 have intersected a thick layer of bauxite located beneath a...
