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 share market rises as investors get optimistic
AUSTRALIAN shares opened higher as a positive start to a month of US earnings buoyed Wall Street overnight and boosted hopes for local equities. Alcoa, the unofficial kick-off to the US reporting season and a key bellwether stock, reported a net loss in the fourth quarter of last year in line with...
Alumina Limited : Alcoa 2011 4th Quarter Results
Alumina Limited notes Alcoa Inc's fourth quarter 2011 earnings announcement. Alcoa World Alumina & Chemicals' results for the quarter were impacted by lower aluminium and alumina prices and ongoing cost pressures. Alumina Limited CEO, John Bevan, commented, "The impact of the difficult market...
Australia Shares End Up 1.1%; Resources Lead Recovery
The resources sector led a broad-based recovery in the Australian share market Tuesday after China's Shanghai Composite continued to recover and Wall Street edged higher in spite of falls on European markets. Takeover activity helped the market, although some strategists warned of a challenging...
Bright aluminium mood lifts Alumina
Shares in Australia's Alumina have shot up after its joint venture partner Alcoa gave a positive outlook for aluminium demand. Melbourne-based Alumina's main asset is its 40 per cent stake in Alcoa World Alumina and Chemicals (AWAC), with Alcoa holding the other 60 per cent. Alcoa, the world's...
Alcoa jobs under threat at Geelong
HUNDREDS of jobs at Alcoa's aluminium operation in Geelong could be at risk after the multinational announced cuts to its worldwide smelting capacity by slowing production or shutting down plants. The State Government contacted Alcoa's local management after its New York headquarters said it would...
Bauxite Mining in Australia
Australia is the leading producer of bauxite and alumina globally as well as the fifth largest aluminum producer in the world. Demand for bauxite is growing at a faster rate than the growth in global industrial production. In the emerging economies of Asia and India, bauxite demand is particularly...
Adopt a can-do attitude and get recycling
Wherever you are this summer, party the environmentally friendly way by recycling all of your aluminium cans. Alcoa, Planet Ark and eight-time world surfing champion Layne Beachley have joined forces in a campaign aimed at increasing the number of recycled cans. Planet Ark’s Brad Gray said there...
Multi-Fuel Cogeneration at Australia's Worsley Alumina Refinery on Track for Completion
Researched by Industrial Info Resources Australia (Perth, Australia) -- BHP Billiton Limited BHP -1.27% (Melbourne, Australia) and its subsidiary Worsley Alumina Pty Limited are continuing with construction on the $2.2 billion Worsley Alumina Refinery expansion near Collie, in Western Australia....
US aluminium giant Alcoa slashes global output
US aluminium giant Alcoa will slash 240,000 tonnes a year of global production from yet to be revealed locations as markets for the metal continue to struggle amid growing Chinese capacity and fears of a global slowdown. The move shows the pressure aluminium producers are under amid depressed...
Local aluminium avoids price-slide fallout
AUSTRALIAN operations held in joint venture by Alcoa and Melbourne's Alumina are expected to escape the savage cutbacks that Alcoa has told the US market it needs to make in response to the collapse in aluminium prices. The Alcoa-managed AWAC joint venture - owned 60 per cent by Alcoa and 40 per...
The heat is on Alcoa smelter
A RUTHLESS review of its global smelting operations will place Alcoa's ageing Point Henry smelter near Geelong in the gun for closure -- threatening the state's biggest export industry. Analysts singled out the almost 50-year-old Point Henry plant as the most vulnerable local asset as the company...
Alumina: The Losing Streak Continues (AWC)
Shares of Alumina (NYSE:AWC) traded today at $4.47, breaking its 52-week low. This new low was reached on approximately average trading volume as 265,000 shares traded hands, while the average 30-day volume is approximately 205,000 shares. Alumina Limited is an Australian resource company that...
ANZ Said to Market Chalco Loan After Bridging Funding Gap
Australia & New Zealand Banking Group Ltd. plans to sell another $90 million of a $300 million loan for Aluminum Corp of China Ltd. to banks after funding the majority of the facility, a person familiar with the matter said. About three banks are expected to buy the debt from ANZ in January, said...
Bauxite Resources be granted a further thirteen exploration licences
Bauxite Resources Ltd (ASX: BAU) ("BRL" or "the Company”) is pleased to announce that it has been granted a further thirteen (13) exploration licences. The new exploration licences are all in the Darling Range and will form part of the Company’s suite of tenements that are the cornerstone of the...
MHM Metals Ltd : MHM Company Update
• Steady-state operations in Geelong, with salt slag recycling plant operating to specification and AL80 plant in final commissioning phase • 24-hour operations to commence in January • Significant progress for completion of AL80 customs paperwork, delays unrelated to product performance • US site...
Outotec launches a new filter for the alumina industry - Outotec Larox® VPF
Outotec Larox VPF, Vertical Pressure Filter, was originally developed by Australian Process Technology Pty Ltd, a filters supplier for the alumina refining industry. VPF technology is used for pregnant liquor polishing in the alumina process. "Outotec is a major provider of alumina refinery plants...
Recent 52-Week Low Surpassed in Shares of Alumina (AWC)
Alumina (NYSE:AWC) traded at a new 52-week low today of $4.61. Approximately 281,000 shares have changed hands today, as compared to an average 30-day volume of 190,000 shares. There is potential upside of 94.4% for shares of Alumina based on a current price of $4.63 and an average consensus...
CSR to rethink stake in Tomago aluminium plant
CSR has revealed it will use Rio Tinto's planned sale of its $US5 billion ($5.01bn) aluminium asset portfolio to review its 25 per cent interest in the Tomago aluminium smelter in NSW, which could result in the building materials group quitting the stake. In his first public comments on the issue...
