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 aluminium industry under threat
A high dollar, low prices and Asian competition are threatening the industry with older plants in New South Wales and Victoria under threat of closure. The debate about the future of the industry often concentrates on the high energy usage associated with aluminium production. The joke description...
MHM Metals Limited updates on its recyling operation
MHM Metals Limited confirms that salt cake and dross recycling operations in Geelong continue to perform well. Daily operating tonnages are continuing to exceed incoming material allowing reduction in our current stockpile of partly processed material. A recently announced trial of small changes to...
High electricity cost a major issue in the closure of Kuri Kuri smelter
Almost 350 workers at the Kurri?Kurri aluminium smelter in NSW have become pawns in the shouting that masquerades as public policy debate in Australia in 2012. The facts of the smelter’s closure and the cost pressures that this and other Australian businesses face are reasonably clear....
Electricity subsidy is the key to revive Australia’s struggling aluminium industry
The deregulation of the electricity industry is emerging as an increasingly important factor in the future of Australia’s struggling aluminium industry. Power prices were named as a second-tier issue last week when Norwegian firm Norsk Hydro said low metal prices and the high Australian dollar were...
Increased Regional Demand for Aluminum to Boost Bauxite Production
Reportlinker.com announces that a new market research report is available in its catalogue: GBI Research’s new report, ‘Bauxite Mining Market in Asia-Pacific to 2020 - Increased Regional Demand for Aluminum to Boost Bauxite Production’ provides key information and analysis for the Asia-Pacific...
Australian Bauxite Limited Chairman's Address to Shareholders
Australian Bauxite Limited (ASX:ABZ.AX - News) are pleased to provide the Chairman's Address to Shareholders at the 2012 Annual General Meeting held today. Good morning, ladies and gentlemen and welcome to the Australian Bauxite Limited's 2012 Annual General Meeting. This is my first year as...
Australia Environment Minister Cautious Over Rio's Bauxite Expansion
Australia's federal environment minister said Thursday that he wouldn't apologize for his caution over a proposal by Rio Tinto PLC (RIO) to expand its bauxite mining operations in Queensland state. A word of words has erupted between the Labor Party's Tony Burke and Queensland's Liberal National...
Alumina Ranks the Highest in Terms of Dividend Yield in the Aluminum Industry
The three companies in the Aluminum industry with the highest dividend yields are Alumina, Noranda and Kaiser Aluminium. Dividends can enhance returns for investors seeking income in addition to capital gains.Alumina Limited from Australia Alumina (NYSE:AWC) is highest with a dividend yield of...
Australian Workers' Union to take a five-point plan for saving jobs in aluminium sector
AWU National Secretary Paul Howes today said the Australian aluminium sector was in crisis as it struggled to deal with the impact of the high exchange rate and low global price for aluminium. "These two factors have been exacerbated by the failure of State Governments to finalise competitive,...
Weipa bauxite project gets conditional approval from Queensland Government
RIO Tinto Alcan's $1.45 billion bauxite project near Weipa has been approved by the State Government but faces a more rigorous assessment before it can proceed, Federal Environment Minister Tony Burke warns. The South of Embley venture will generate more than 2000 jobs and extend the life of...
Alumina Limited Rating Increased to Neutral at Goldman Sachs
Alumina Limited (NYSE: AWC) was upgraded by Goldman Sachs (NYSE: GS) from a “sell” rating to a “neutral” rating in a research note issued on Tuesday. Alumina Limited traded down 6.68% on Tuesday, hitting $3.49. Alumina Limited has a 1-year low of $3.48 and a 1-year high of $9.92. The company has a...
Alcoa to Hold Back Alumina Refinery Expansion in Australia
Alcoa, the largest aluminum producer in the United States, has yet again decided to postpone expansion of an alumina refinery in Australia as aluminum prices continue to remain under pressure. The move followed its earlier announcement to curtail capacity at some of its smelters and refinery in the...
More than 300 jobs to go as Kuri Kuri smelter closes down
MORE than 300 jobs are set to be lost as a Norwegian company plans to shut its aluminium smelter in the NSW Hunter Valley. Norsk Hydro will shut down its Kurri Kurri plant, as low metals prices and the strong Australian dollar impact its profitability, the company said today. The smelter employs...
Rio Tinto gets nod for Queensland bauxite expansion
Rio Tinto is a step closer to expanding its bauxite operations in far north Queensland, after a controversial $1.45 billion project was given approval to proceed by the Queensland Government. While Federal Government approvals are still outstanding, the “South of Embley” project near Weipa was...
Hydro to stop operation in Kurri Kurri aluminium plant
The future of Kuri Kuri smelter is decided as Hydro is initiating the closure of the plant entirely. After curtailing one of three pot lines at its Kurri Kurri aluminium plant in January, Norsk Hydro ASA is initiating consultation with the plant's workforce with a view to curtailing the remaining...
E-waste to create envirnment hassles as analogue signal disappears
E waste are creating a serious problem on the streets of Australia. They are an increasingly common sight on the streets across St George and Sutherland Shire.Televisions, many of them relatively new, left outside homes ahead of council-run clean-up services or simply abandoned when they stop...
No sign of improvement on the status of Point Henry smelter
Adverse market conditions confronting Alcoa's ageing Point Henry plant have not improved since the company announced a review of its Geelong smelter three months ago, with any relief from the falling dollar offset by weakening aluminium prices. Shortly after the review was announced in February,...
Australian Bauxite makes “Better than the original” promise for bauxite mining
Any areas mined for bauxite around Taralga and Crookwell will be returned to a “better than the original”condition. This commitment was given at last Upper Lachlan Council meeting by Mr. Ian Levy, CEO of Australian Bauxite Limited, which is currently drilling over a wide area between Crookwell and...
