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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Hydro Aluminium Featured In Leading Trade Magazine, Australia’s Best Mining
Aluminium is crucial to many everyday things around us, although we may not notice. Without aluminium we cannot fly, travel by high-speed train, high-performance car, or fast ferry. We cannot get heat and light into our homes and offices without it. Therefore, Hydro Aluminium plays a more...
Unions slam BHP Billiton plan to shut Tasmania smelter
ANGRY unions have accused BHP Billiton of ''distasteful'' conduct after the company flagged possible job cuts at a Tasmanian manganese smelter just weeks after announcing a half-year profit of almost $US10 billion. Operations at the Tasmanian Electro Metallurgical Company (Temco) facility near...
'Energy target worse than tax', says aluminium industry
THE aluminium industry will ask the federal government for greater relief from its renewable energy laws, warning that over the next few years the laws will have a greater impact than the carbon tax on smelters confronting falling metal prices and a surging dollar. The Australian Aluminium Council,...
China January Bauxite Imports Reach 3.1214 Million Tons
According to the China Customs, China imported 3.1214 million tons bauxite in January, up by 6.61% on YoY basis. And the average unit price for the imported bauxite is $45.69/ton. In January, the main importing country of bauxite is Indonesia, with volume of 2.4147 million tons, up by 4.77% on YoY...
Manufacturing is Back and So is Aluminum Demand
Not a lot of companies can say what Alumina Limited (ADR) (NYSE:AWC) said about its full-year profit for the year ended Dec 31 ’11: Its profit tripled. Alumina is an Australia-based company and through its 40% ownership of Alcoa World Alumina and Chemicals (The Company’s partner, Alcoa, owns the...
Light on the horizon for Hunter aluminium jobs
Plans are progressing for a $30 million aluminium products manufacturing facility near Newcastle, at a time when the Hunter's aluminium sector is reeling from job losses. Bahrain-based company Midal Cables International wants to build the facility with an Australian-based partner next to the Tomago...
Alumina Cautions On Volatile Prices In 2012 After Profit Jump
Alumina Ltd. (AWC.AU), a partner in the world's largest producer of the key ingredient in aluminum, Thursday cautioned that prices are likely to remain volatile in 2012 after falling sharply toward the end of last year and even as the industry cuts smelting capacity. The Australian company said its...
Alumina Limited Shares Downgraded to “Hold” by RBS Analysts (AWC)
Alumina Limited (NYSE: AWC) was downgraded by equities research analysts at RBS (LON: RBS) from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. Alumina Limited is an Australia-based company. The Company is engaged in investing in bauxite mining, alumina refining...
Norsk Hydro Posts Loss After Lower Aluminum Prices, Production
Norsk Hydro ASA (NHY), Europe’s third- largest aluminum producer, reported a loss in the fourth quarter after it cut production in Australia, Spain and Italy because of lower metal prices and demand. The net loss was 739 million kroner ($127.3 million) compared with net income of 745 million kroner...
Norway's Hydro says aluminium industry faces challenging time
The aluminium industry is facing a challenging time as producers tackle high input costs and lower prices for aluminium and aluminium-related products, Norwegian producer Norsk Hydro's CFO said Thursday in an interview. "For many players it's still challenging, there is always more you can do," CFO...
Aluminium industry seeks renewed approach on energy laws
THE aluminium industry will ask the federal government for greater relief from its renewable energy laws, warning they will have a greater impact than the carbon tax over the next few years on smelters confronting falling metal prices and a surging Australian dollar. The Australian Aluminium...
Alcoa Australia threatens to axe Geelong smelter
Alcoa Australia, a subsidiary of the US-based multinational Alcoa, announced on February 8 that it would complete a review by June of the “future viability” of its Point Henry aluminium smelter in the regional Victorian city of Geelong. Working in conjunction with the federal Labor government of...
Norsk Hydro CEO Mulls Further Production Cuts In Australia
Norwegian aluminum producer Norsk Hydro ASA (NHY.OS) said Thursday it is considering reducing production further from its Kurri Kurri plant in Australia, after a write-down on the plant weighed on the company's earnings. Norsk Hydro, Europe's largest aluminum producer, shuttered more than 300,000...
Australia's Alumina to Double Exposure to Index Prices
Australia's Alumina Ltd expects to double its exposure to spot index pricing of alumina by the end of 2012, the company said on Thursday after reporting 2011 net profit more than tripled. Alumina holds 40 percent of Alcoa World Alumina & Chemicals (AWAC), the world's largest alumina business, with...
Short-term aid won't save plant: Alumina
ALCOA'S partner in the troubled Point Henry aluminium smelter at Geelong, Melbourne-based Alumina, has warned that short-term government support alone will not save the operation and its 600 jobs. The warning highlights the structural pressures of a strong dollar and the rise of a low-cost...
Alumina profit surges in FY
Alumina Ltd has warned its outlook for 2012 is volatile, despite posting a big jump in annual profit for 2011. The near fourfold surge in profit comes on the back of higher production, along with stronger alumina and aluminium prices. For the full year to December 31, Alumina posted a net profit of...
Alumina profit jumps, outlook cautious
Alumina Ltd has delivered a near fourfold surge in full year net profit on the back of higher alumina and aluminium prices and production, but says it has a cautious outlook for 2012. Net profit for the 12 months to December 31 was $US127 million ($A119.16 million), up from $US35 million ($A32.84...
Alcoa defers $3bn refinery plan over carbon tax fears
MINING giant Alcoa has shelved a $3 billion expansion of its Wagerup alumina refinery in Western Australia for up to five years, in the latest sign of the group's struggle against the strong Australian dollar and the Gillard government's carbon tax. The state's Environmental Protection Authority...
