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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Bauxite Resources detects new bauxite reserve at Ceres
Bauxite Resources (ASX: BAU) has identified potential for a major bauxite resource at the company’s Ceres Prospect in Western Australia’s southwest. A preliminary review of data collected in a 7,923.5 metre drilling program has been carried out, identifying thick, high grade bauxite close to the...
Rusal opposes carbon tax by Gillard government
RUSSIAN aluminium giant Rusal has accused the Gillard government of hobbling the once high-growth alumina industry through the July 1 introduction of the carbon tax. It argues the carbon tax will force shrinkage in the industry's share of growth in the global market for alumina, an intermediate...
Nickel, gold and alumina royalties are expected to be $90 million higher in 2015-16
Nickel, alumina and gold producers face a $90 million hit following the State Government's move to revamp WA's royalty regime in yesterday's Budget. As base metals prices tank, the Government flagged a series of changes designed to lift royalty revenues back to their intended levels. Treasurer...
Demand for alumina and bauxite to get a boost
The global market for Bauxite and Alumina is forecast to reach 211.3 and 76.2 million metric tons, respectively, by the year 2017. With global economy on the growth path post recession, both production and consumption levels are expected to display a positive trend, spurred by rising demand from...
BHP Billiton project nears completion
CONSTRUCTION on the $3.4 billion BHP Billiton Worsley Alumina expansion project is now 98 per cent complete. “Contractors are now putting the final touches on the project’s construction phase, which will reach practical completion at the end of May,” a company spokesman said on Tuesday. “June...
Alumina: The Losing Streak Continues (AWC)
Alumina is going through a continuous losing streak. Alumina is traded at a new 52-week low today of $3.75. This new low was reached on above average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 361,000 shares. In the past 52 weeks, shares of...
Chinese challenge aluminium dumping ruling
CHINESE manufacturers accused of dumping aluminium products on the Australian market are seeking to have the dumping notice overturned in the Federal Court. The legal action is expected to examine the close links between Chinese enterprise and government, and what constitutes a ''public body'' in...
CSIRO finds rising dissolved metal levels in Gladstone Harbour
SHANGHAI,May. 10 -- According to the preliminary data from the General Administration of Customs, China's imports of unwrought copper and copper semis were 375,258 mt during April, with YTD imports from January to April at 1,735,958 mt, up 48.8% YoY. China's imports of scrap copper were 370 kt...
The concealed Bauxite resource of Australian Bauxite Limited at Inverell requires investigation
Sydney, May 8, 2012 (ABN Newswire) - Emerging bauxite exploration and development company, Australian Bauxite Limited discovered a thick layer of good quality bauxite in 2008-09 at its Inverell project in northern NSW (see Figure 1). Parts of that bauxite lie beneath a clay horizon and required...
Midal Cables seeks road upgradation for an aluminium plant in Tomago
A Tomago business is urging the State Government to ensure a local access road is upgraded as part of the approval process for a $30 million aluminium plant. Bahrain-based Midal Cables International wants to build the manufacturing plant at Tomago using molten metal from the nearby aluminium...
Alumina Limited Shares Face Continuous Losses
Shares of Alumina (NYSE:AWC) traded today at $3.82, breaking its 52-week low. So far today approximately 470,000 shares have been exchanged, as compared to an average 30-day volume of 341,000 shares. Alumina Limited is an Australian resource company that produces alumina. The Company owns about...
Alcoa Holds Refinery Expansion on Economic Ground
Alcoa Inc. (AA)’s plan to expand an alumina refinery in Western Australia remains on hold because of unfavorable economic conditions, the largest U.S. aluminum producer said after gaining approval to increase capacity. Alcoa received a five-year extension of an approval for the expansion of the...
Alcoa Inc. obtains five-year extension for its Wagerup alumina refinery expansion from West Australian government
The Western Australian state government said Wednesday it has granted the Australian unit of Alcoa Inc. (AA) a five-year extension for its proposed Wagerup alumina refinery expansion. The approval, by Environment Minister Bill Marmion, follows the Environmental Protection Authority's recommendation...
Workers Union in Point Henry aluminium smelter optimistic about its future
A union representing 600 workers at the troubled Point Henry Alcoa aluminium smelter is optimistic the plant can be saved after meeting with US executives reviewing its future. Australian Workers Union Victorian secretary Cesar Melhem and a delegate from the plant, near Geelong, met executives at...
Australian Bauxite Limited (ASX:ABZ) Inverell Resource Grade Improvement - 38 Million Tonnes Resource
Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) discovered a thick layer of good quality bauxite in 2008-09 at its Inverell project in northern NSW. Parts of that bauxite lie beneath a clay horizon and required further investigation. ABx conducts thorough...
MHM Metals Limited updates Australian aluminum operation
MHM Metals Limited announced Australian aluminium operations. Financial Results; MHM’s Australian aluminium subsidiary Alreco Private Limited delivered Gross Quarterly Cash Receipts of USD 1,012,764 million with a Gross Quarterly Operating Surplus of USD 12,237. Alreco also had trade receivables of...
Point Henry smelter's fate hangs on the Australian dollar price
ALCOA'S partner in the troubled Point Henry smelter in Geelong, Alumina, has pinpointed the future direction of the Australian dollar as the key factor in determining the fate of the 49-year-old operation once Alcoa completes its review of the smelter's long-term viability next month. More than 600...
Future for Hydro’s Kurri Kurri smelter remains shaky despite cuts
The future for Hydro’s Kurri Kurri smelter remains shaky, with the multi-national posting another dismal quarterly financial report. “We will continue our restructuring efforts, reduce costs and take firm actions required to keep a steady course,” Hydro president and chief executive Svein Richard...
