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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Australian Bauxite Limited Completes Capital Raising
Australian Bauxite Limited advises that is has completed a placement of 4.3 million fully paid ordinary shares at $0.39 cents per share to sophisticated, eligible and/or professional investors, as defined under Section 708 of the Corporations Act (Placement). $1.67 million of additional capital was...
Aluminium can plant benefits from the Australian government's grants
The first businesses to benefit from the federal government's $1 billion grants program to help manufacturers cope with the carbon pricing include an insulation maker, an aluminium can plant and a number of wineries. Manufacturers awarded grants of up to $500,000 under the clean technology...
Bauxite and nickel exports to gain from restrictions
Indonesia's push for miners to add value through further processing of bauxite and nickel ores has given struggling Australian producers something to smile about. The hope is that Indonesia's push could lead to higher prices for bauxite-alumina and nickel ores as exports from Indonesia are halted...
Australian Bauxite in voluntary suspension ahead of capital raising announcement
Australian Bauxite has gone into voluntary suspension ahead of an announcement regarding a capital raising. The company has not yet given any indication of the allocation of funds, but the company recently expanded the Pre-Feasibility Study (PFS) at the Goulburn Bauxite Project due to thick bauxite...
Alumina Ltd. possesses the Lowest Forward P/E Ratio in the Aluminum Industry
Below are the three companies in the Aluminum industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be....
Rising Dollar Affects Australian Aluminium Sector
CQ University economist Professor John Rolfe said a rising Australian dollar was just one factor affecting Gladstone's aluminium sector. "The Australian dollar puts businesses under a bit of pressure and the fact that other aluminium plants are downsizing before Gladstone suggests there's more...
Aluminium industry to face price challenge
An uncertain global economy, a rising Australian dollar and the government's impending carbon tax is impacting the longevity of the aluminium industry in Gladstone. The region's major plants have come under strain after the market value of aluminium dropped. Stability of the sector has also been...
Bauxite Resources declares 73-million tons initial resource at its Felicitas project
ASX-listed Bauxite Resources has declared an initial resource of some 73-million tons at its Felicitas project, in Western Australia. The resource, which is less than 5 km from existing rail infrastructure, fell within the company’s bauxite alumina joint venture (BAJV) with Yankuang Resources....
Norsk Hydro takes $195 million charge on Kurri Kurri plant
Norwegian aluminium producer Norsk Hydro will take an impairment charge of 1.2 billion Norwegian crowns ($195.10 million) and redundancy expenses of 200 million crowns as it closes its Kurri Kurri aluminium plant in Australia, the firm said on Tuesday. Hydro announced its plans to shut the plant on...
Aurukun bauxite mine is open for lease
The lease for the Aurukun bauxite mine will be put on the market again but this time around the successful bidder won't have to build a new refinery. The tender for the new bauxite mine and alumina refinery had been won by Chinese company Chalco in 2007, but the deal folded in July 2011 because...
Queensland Bauxite Mine won’t Require Refinery
The Queensland government is set to put its lucrative Aurukun bauxite leases up for sale, but it will not insist on the building of a refinery as part of the deal. The fate of the bauxite leases has been unclear since the former Bligh government broke off negotiations with Chinese aluminium giant...
Alumina Limited Shares Upgraded to Neutral Rating
Equities researchers at Bank of America have upgraded Alumina Limited to a “neutral” rating in a report issued on Friday. Shares of Alumina Limited opened at 3.77 on Friday. Alumina Limited has a 52 week low of $3.44 and a 52 week high of $9.87. The company has a market cap of $2.300 billion and a...
Australian Bauxite granted a trading halt
Australian Bauxite has been granted a trading halt by the ASX pending details of a proposed capital rising, with the company's shares placed in pre-open. Australian Bauxite has not yet indicated where the potential inflow of funds will be allocated, but the company recently expanded Pre-Feasibility...
Rio Tinto Alcan and the CSIRO to start a project to map climate change impact
Mining giant Rio Tinto Alcan and the CSIRO say they are embarking on a million-dollar project to measure the effects of climate change on the Great Barrier Reef off Queensland. The Future Reef Map project will involve the installation of an ocean sensor on a Rio Tinto ship, which regularly travels...
Pre-Feasibility Study for Goulburn Bauxite Project gets Extension
Australian Bauxite Limited commissioned Como Engineers Pty Ltd and other metallurgical and environmental engineering firms to prepare a Pre Feasibility Study (PFS) on the Goulburn Bauxite Project located near Goulburn New South Wales (Figure 1). Marubeni Corporation (Marubeni) has participated in...
Australian Workers Union to meet Hydro executives
The Australian Workers Union says it is confident there will be no problems with entitlements for the hundreds of workers set to lose their jobs at a Hunter aluminium smelter. The union will today meet with senior executives from Norsk Hyrdo after the company last week announced it is closing its...
Kurri Kurri workers may find a lifeline in Orica
A number of Hunter region industries, including chemical giant Orica, plan to offer jobs to Hydro Aluminium workers when the Kurri Kurri smelter closes. Senior Hydro executives will go into a second day of talks today with Australian Workers Union delegates to thrash out a plan to assist the 344...
Ex-Aluminex director caught in a court case
The former director of Aluminex Resources Limited has been charged with providing false information to the Australian Securities Exchange. David Alan Zohar, of Inglewood, appeared in the Perth Magistrate’s Court last week accused of misleading the ASX in relation to his company’s ability to meet...
