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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Alcoa Continues to Look for More Capacity Cuts-CEO
Alcoa Inc. continues to look for high-cost smelting and refining capacity for potential capacity cuts, a goal that chief executive Klaus Kleinfeld called a "strong commitment." Speaking to analysts on Tuesday's conference call after the aluminum giant released its first-quarter results, Chairman...
Ms Ridout regret over failure to stop cheap imports
ABC cited Ms Heather Ridout the outgoing CEO of the Australian Industry Group as saying that tougher action must be taken over dumping cheap aluminium and steel in the country which is hurting manufacturers across the Hunter Valley. Ms Heather Ridout said that the dumping of subsidized aluminium...
Australian Bauxite Limited (ASX:ABZ) 20-20 Investor Series Presentation
Australian Bauxite Limited (ASX:ABZ) is pleased to provide their CEO Presentation at the 20-20 Investor series, regarding 'Developing East Coast Bauxite Projects'. To view the Australian Bauxite presentation, please refer to the following link below:...
Australian Bauxite Limited (ASX:ABZ) Annual Report to Shareholders
Australian Bauxite Limited (ASX:ABZ.AX - News) achieved its objectives during 2011 and the outlook remains positive for 2012 as the company progresses from an explorer to a bauxite development-exploration company. Total company bauxite resources doubled to 84 million tonnes during the year and two...
Future of Geelong smelter remains in doubt
THE future of Alumina loss-making aluminium smelter in Victoria remains uncertain as the company continues to contemplate its closure. Alumina's joint-venture partner, Alcoa, last month announced that their AWAC business could close Point Henry, near Geelong, one of its two Australian aluminium...
Alumina's credit rating under scrutiny
S&P has placed Alumina's BBB credit rating on a negative watch, after the average aluminium price dropped by almost 20 per cent in the first three months of 2012. "The credit watch placement reflects our concerns that current challenging trading conditions could weaken Alumina's financial metrics...
Rio Tinto in talks on Cape York mine approval
Mining company Rio Tinto Alcan says it has met with Federal Environment Minister Tony Burke to discuss new conditions on its proposed bauxite mine expansion in Queensland's Cape York. The company raised concerns after Mr Burke included the impact of shipping on the Great Barrier Reef as a...
S&P places Alumina Ltd. 'BBB' rating on watch negative
Current trading conditions in the aluminum industry are challenging, driven by soft aluminum prices, the strong Australian dollar, and increasing input costs. If these conditions persist, we expect Alumina Ltd.'s credit metrics to weaken to levels below our expectation for the 'BBB' rating. We...
GIA comprehensive global report on Bauxite and Alumina markets
GIA announces the release of a comprehensive global report on Bauxite and Alumina markets. 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...
Alumina Seen Declining 12% in 2012 as Aluminum Demand Declines
Alumina may average $339 a metric ton this year, 12 percent less than in 2011, as world aluminum production slows, according to Australia’s Bureau of Resources and Energy Economics. Output in Australia may climb 12 percent 22.9 million tons in the year to June 30, 2013, as Rio Tinto Group’s...
Massive bauxite deposits spark fear of open cut mining
THE POSSIBILITY of open cut mining of bauxite in the north-eastern parts of Upper Lachlan Shire could pose problems for landholders in the area, and Council should prepare for such a situation. At last week’s Council meeting Council Cr. Malcolm Barlow gave notice of motion that a development...
Australian Bauxite (ASX:ABZ) State One Stockbroking Analyst Report
Australian Bauxite (ASX:ABZ) Announce, consequent to the outstanding drilling results at Taralga, State One Stockbroking has set a price target of $1.26 for Australian Bauxite. The complete Analyst Report an be accessed by clicking on the following link: http://abnnewswire.net/lnk/ETOP97K3 About...
Bauxite mine faces green provisos amid reef fears
Federal Environment Minister Tony Burke has imposed new environmental conditions on the proposed expansion of a Rio Tinto mine near Weipa, on western Cape York, in far north Queensland. Mr Burke says he has taken into account the impact the expansion will have on the Great Barrier Reef Marine Park....
TNG Limited enters farm in agreement with Rio Tinto for bauxite on Melville Island licence
TNG Limited (ASX: TNG) has agreed in-principle terms for a farm-in and joint venture agreement on its 100% owned Melville Island licence in the Northern Territory with Rio Tinto (ASX: RIO) subsidiary Rio Tinto Exploration. Melville Island, which covers about 1,400 square kilometres, has been a...
Carbon tax threatens aluminium jobs-Hunt
The federal opposition has tried to link possible job losses at Rio Tinto's Bell Bay aluminium smelter in Tasmania to the imminent introduction of Labor's carbon tax. Bell Bay general manager Ray Mostogl has not blamed the carbon price but rather 'tough market conditions in the form of a high...
Falling Aussie Stocks Follow Weak US Finish, While Japan Sees Early Gains
Australian shares fell in early Tuesday trading, taking cues from a weak finish for US stocks on concerns about slower global growth, while markets saw a rise in Japan. The benchmark S&P/ASX 200 in Sydney lost 0.5 percent, to hit 4,240.90. Major miners lost ground, with BHP Billiton Ltd. down 1.9...
Alcoa Looks to Hike Prices
According to Reuters, the world’s largest producer of aluminum producer, Alcoa Inc. (AA) is targeting to hike the prices by 5% for certain coil and flat sheet products. The increased price would be charged for new orders from March 1, 2012. The price hike would encompass the products like 2xxx and...
Rio Tinto May Cut Output at Tasmania Aluminum Smelter
Rio Tinto may cut output at one of its Australian aluminum smelters which is losing money due to the strong Australian dollar, high production costs and weak aluminum prices, the global miner said. Workers at the Bell Bay aluminum smelter, part of the Pacific Aluminum business that Rio Tinto is...
