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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Alumina to Decide the Future of its Smelter at Point Henry upon its Long-Term Prospects
Bauxite miner and alumina and aluminium producer Alumina says the future of its loss-making aluminium smelter at Point Henry will depend upon its long-term prospects. Alcoa, which is the manager of Alumina and Alcoa's joint-venture company Alcoa World Alumina and Chemicals (AWAC), is currently...
Alumina still cautious on demand and pricing
Alumina says pricing and demand will remain subdued in 2012, as the high Australian dollar continues to put the company under pressure. Addressing shareholders at Alumina's annual general meeting in Melbourne, chief executive John Bevan spoke cautiously about the short-term outlook. "2012 has...
Bauxite Resources confirms significant bauxite grade in Western Australian site
Bauxite Resources has confirmed significant bauxite grades and thicknesses over a large area of its southwest Western Australian tenement area. Preliminary view of the data in an exploration drilling program on private farmland north of Wundowie revealed bauxite grades with 55% of holes containing...
S&P affirms Alumina Ltd. Ratings off watch; outlook is negative
Current trading conditions in the aluminum industry are challenging, driven by soft aluminum prices, the strong Australian dollar, and increasing input costs. We affirmed the 'BBB' rating on Alumina and removed it from CreditWatch negative, as we expect that Alcoa World Alumina and Chemicals (AWAC)...
No guarantee for bauxite mine: Queensland Government
The Queensland Government says there's no guarantee a bauxite mine will be approved near Cape York following the overturn of the Wild Rivers legislation. ABC News reports QLD Natural Resources and Mines Minister Andrew Cripps said mining companies would still face strict regulations after Wild...
Australian Bauxite Limited (ASX:ABZ) Quarterly Activities Report
Australian Bauxite Limited (ASX:ABZ) quarterly activities statement is dated 27th April 2012 and is for the three months ending 31st March 2012. PRINCIPAL POINTS Corporate - Mr Ken Boundy was appointed alternate director for Mr Vincent Tan - Cash in hand at the end of the March 2012 quarter was $...
Miner Cape Alumina to move on Steve Irwin's land
BAUXITE miner Cape Alumina is preparing to mine the Steve Irwin Wildlife Reserve on Cape York after pre-poll promises by Queensland Premier Campbell Newman that he would repeal Wild Rivers legislation. Wilderness Society spokesman Glenn Walker said yesterday the company was moving to kick-start...
Cape Alumina keen on Irwin reserve
Resources company Cape Alumina says it will look to build a bauxite mine on land preserved in honour of environmental campaigner Steve Irwin if Queensland's Wild Rivers laws are changed. The Steve Irwin Wildlife Reserve, a part of the Wenlock River basin on the Cape York Peninsula, was established...
Queensland's Government moves to review Wild Rivers laws
The State Government says there is no guarantee a bauxite mine proposal for Queensland's Cape York Peninsula would go ahead if Wild Rivers legislation is overturned. The Liberal National Party (LNP) committed to winding back the laws as part of its first 100 days in government plan. Resource...
Global Demand Growth for Both Bauxite & Alumina Shows Stable Rates
Thanks to the wide-spread application of bauxite in the face makeup, dishwashers, cement, soda cans production, the demand for the mineral is rather healthy and is to retain the stable growth rates. Alumina in its turn is primarily utilized in the ceramic products and chemical processing, the...
Australia contemplates action against cheap aluminium import from China
Action must be taken against Chinese dumping of cheap aluminium in Australia, said an industry CEO. The outgoing CEO of the Australian Industry Group said cheap Chinese aluminium had contributed to production cuts and job losses at the Kurri Kurri smelter. Heather Ridout, who leaves the...
Solid first quarter production for Rio Tinto
Rio Tinto has reported a solid first quarter of 2012, with production of iron ore, coal, bauxite, alumina and titanium dioxide all rising compared with a year ago. Releasing its operations review for the first quarter of 2012, the diversified mining company reported first quarter global iron ore...
Rio Tinto May Split Off Pacific Aluminium Unit
Rio Tinto Group (RIO) may spin off its Pacific Aluminium unit and use debt secured with the assets to pay shareholders a special dividend, the Independent on Sunday said, citing a person close to the company it didn’t identify. The payment may be for as much as A$1 billion ($1.04 billion), with the...
Rio Tinto to Earn GBP 650 million Euro from Demerger Plan
Rio Tinto looks set to earn itself EUR 650 million payday by loading debt onto its Antipodean aluminium smelters business. The FTSE 100 miner has been reviewing the spin off of the assets which are run under the Pacific Aluminium banner since October. Rio's aluminium operations have hurt the...
Alumina Limited to receive $26M dividend
Alumina Limited (ASX:AWC) will gain a fully-franked dividend of $US26 million from its interest in the Alcoa World Alumina & Chemicals joint venture. Alumina holds a 40 per cent interest in the venture, with the remaining 60 per cent interest held by Alcoa (ASX:AAI). Alcoa Incorporated (NYSE:AA),...
Alcoa’s Western Australia smelters achieve record production
Alcoa says two of its alumina refineries in Western Australia have achieved record production and remain among its lowest-cost plants globally. Alcoa, which is closing and curtailing smelter capacity across its global operations in response to weak market conditions, has singled out Wagerup and...
Alcoa offers little hope for Geelong smelter despite return to profit
ALCOA left the future of 600 jobs at its Point Henry aluminium smelter in Geelong hanging despite reporting a surprise first-quarter profit in the face of depressed metal prices. Addressing analysts in the US for the group's March quarter profit report, Alcoa chairman and chief executive Klaus...
Alcoa will reduce annual Alumina production capacity in atlantic region
Alumina Ltd : * Going forward, Alcoa world Alumina & chemicals will reduce annual Alumina production capacity in atlantic region by around 4% * Awac's production of Alumina for the first quarter was 4 million tonnes * Awac's results for Q1 continued to be impacted by lower aluminium and Alumina...
