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, N.Z. Stocks updates: Alumina, BHP, Gunns, Hallenstein, Toll,Rio Tinto Alcan
Australia’s S&P/ASX 200 Index rose 0.4 percent to 4,290.7 at the close of trading in Sydney, recouping some of yesterday’s 0.5 percent drop. New Zealand’s NZX 50 Index rose 0.3 percent to 3,324.67 in Wellington, extending yesterday’s 0.1 percent advanced. The following were among the most active...
Alcoa reviewing future of Australian aluminium smelter
Alcoa said the aluminium industry had been severely impacted by difficult macro economic conditions, with the higher Australian dollar placing increasing pressure on the market. "A combination of factors, including metal prices, input costs and exchange rates, have resulted in the Point Henry...
Kurri Kurri smelter needs certainty
A SUBCONTRACTOR with Hydro aluminium at Kurri Kurri has confirmed it axed 26 jobs in the wake of the smelter owner’s decision to close its oldest potline. Union officials are seeking a meeting with Premier Barry O’Farrell to discuss the smelter’s need for a long-term power contract with the...
China 2011 Bauxite Import Hits Record High
According to the China Customs statistics, China imported 4.5796 million tons bauxite in December, up by 48.61% on YoY basis. The total bauxite import volume of China reaches 44.8 million tons in 2011, up by 49.73% compared with 2010, which sets a new record in history. China’s main bauxite...
Shares of Alumina Under Pressure, Down 1.6%
Alumina (NYSE:AWC) is one of today's notable stocks in decline, down 1.6% to $5.40. The S&P is trading lower by 0.2% to 1,310 and the Dow is trading 0.4% lower to 12,603. Alumina share prices have moved between a 52-week high of $11.46 and a 52-week low of $4.47 and are now trading 21% above that...
New Bauxite exploration found near Taralga NSW
Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) has received laboratory results from its December 2011 drilling campaign at Taralga near Goulburn, southern NSW (see Figure 1 - refer to ABx announcement link at bottom of release). Results from hole TG626 at...
Alcoa bids to increase hydrogen chloride emissions limit
ALCOA, which operates Australia’s largest aluminium recycling plant at Yennora, says it is not planning to increase hydrogen chloride emissions, only its emissions limit. It is presently limited to releasing an average of 50mg/cm of the gas each hour from its rotary furnace - a limit imposed by the...
Heritage list call to block Cape York mines
In a letter to Environment Minister Tony Burke, the Wilderness Society says six proposed mines, including Rio Tinto's giant South of Embley bauxite expansion, threaten the "extraordinary natural values" of the region. Campaigner Gavan McFadzean said that if approved, the emergency listings would...
Major aluminum market developments in December
Reuters reported that aluminum prices fell in December as demand worries weighed and while a handful of production cutback announcements have since lent the market a steadier tone, lackluster demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting...
Major aluminum market developments in December
Reuters reported that aluminum prices fell in December as demand worries weighed and while a handful of production cutback announcements have since lent the market a steadier tone, lackluster demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting...
Bauxite plans spark fears for reef
Conservationists say a planned bauxite mine expansion on Cape York, in far north Queensland, could hurt the Great Barrier Reef. Rio Tinto Alcan is planning the $1.5 billion expansion near Weipa. Several conservation groups have lodged a submission with the Federal Government, requesting it change...
Alumina is Among the Companies in the Aluminum Industry With the Highest Dividend Yield
Below are the three companies in the Aluminum industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains. Alumina (NYSE:AWC) is highest with a dividend yield of 4.5%. Alumina Limited is an Australian resource company that...
Norsk Hydro Restricts Production at its Aluminium Facility in Australia
In response to the economic slowdown, low metal prices and a weak market, Norsk Hydro has announced that it will stop one of its production lines at its facility located in Kurri Kurri in Australia. The company has taken this decision in consultation with its employees. The company will stop...
New alert over Rio Tinto threat to Great Barrier Reef
RIO Tinto's $1.4 billion bauxite mine expansion on Cape York has become the latest flash point over the threats caused by increased shipping in the Great Barrier Reef due to the mining boom. The federal government has been forced to reopen consideration of Rio Tinto's South of Embley project and...
Hydro curtails production in Kurri Kurri, Australia
Norsk Hydro ASA has decided to curtail one of three production lines at its Kurri Kurri aluminium plant in Australia. The decision follows a consultation process with the local employees. "Kurri Kurri is in a tough spot, and we need to take swift actions to reduce losses. Operation under current...
Aluminium producers face tough times
A resource analyst says it will continue to be a difficult time for Australian aluminium producers due to energy costs and a global oversupply of the product. Recently, there has been a global drop in aluminium prices. Last year, Rio Tinto Alcan announced it was selling off 13 of its aluminium...
UPDATE 1-Norsk Hydro to cut Australia aluminium plant output
Norwegian aluminium producer Norsk Hydro will close one of three production lines at its Kurri Kurri plant in Australia, taking 60,000 metric tonnes a year off the weak metals market, the company said on Wednesday. "Kurri Kurri is in a tough spot, and we need to take swift actions to reduce...
Aluminum losses expected to curtail Rio Tinto profits from iron ore in 2011
Record iron ore production is expected to boost Rio Tinto's profits for 2011 even though the mining giant signalled Tuesday that its aluminum operations lost money in the second half of last year. The Anglo-Australian miner said it produced a record 65 million tonnes of iron ore in the fourth...
