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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Logan County plant’s technology a first for U.S.
An Australian company expects that its planned Logan County facility will reclaim about 25 percent of U.S. aluminum manufacturing waste that’s now going to landfills. Simon Wells, executive director of MHM Metals, which will do business under the name Alreco, said production at the old ITW building...
Kurri Kurri smelter may cut production
The Kurri Kurri smelter may cut production as workers refuse to delay a pay rise for a year. It comes as the smelter, run by Hyrdo, is set to slash around 50 jobs, around 10% of its work force. Union reps will meet with Hydro CEO Alberto Fabrini as the company struggles against falling aluminium...
Barr seeks guarantee for Hydro
Member for Cessnock, Clayton Barr, is calling on the O'Farrell Government to provide a guaranteed supply of electricity to Hydro Aluminium smelter at Kurri. The call follows the announcement by the O'Farrell Government that it will privatise all NSW electricity generators – putting any agreement...
Alumina Makes a Move: Up 3.3%
One of today's stocks on the move is Alumina (NYSE:AWC), up 3.3% to $5.38. The Dow Jones Industrial Average is now trading 0.4% higher to 12,069 and the S&P is trading 0.3% higher to 1,240. Alumina Limited is an Australian resource company that produces alumina. The Company owns about forty percent...
Rio Tinto not receiving recognition for copper and aluminum - Investec
According to broker Investec, diversified FTSE100 miner Rio Tinto is not receiving recognition for its copper and aluminum divisions. Mr Mark Heyhoe analyst said that "With the market focused on short term earnings, we do not believe Rio is receiving recognition for its copper and aluminum...
Aditya Birla group scouts for Australian coal mine companies for raw material
The Aditya Birla group is in negotiations with as many as six thermal coal mine companies in Australia, in its search for raw material assets to feed its $5-billion growth programme in aluminum, said people familiar with the group's plans. The Mumbai based conglomerate has never been so active in...
Rio Tinto's Aussie Smelters Under the Hammer
Rio Tinto's RIO proposed streamlining of aluminum assets is positive, though we make no allowance for it yet in our forecasts. We'll wait for any confirmation on asset pricing before making adjustments. The earmarked assets, largely Australian, might eventually be sold outright, floated on the...
Shares of Alumina Under Pressure, Down 7.1%
Alumina (NYSE:AWC), a company whose shares are moving quickly, is trading 7.1% lower to $5.18. The Dow is down 1.8% to 11,966 and the S&P is currently down 2.0% to 1,230. Alumina Limited is an Australian resource company that produces alumina.The Company owns about forty percent of Alcoa World...
Aziana trades near IPO price in first month on ASX, targeting bauxite in Madagascar
Aziana, a gold and bauxite focused explorer, has performed well in its first month as a public listed company on the ASX. Shares have traded as high as $0.25, with the stock most recently changing hands at $0.22, which is only a couple of cents shy of the $0.25 entry price - where 50 million shares...
Rio Tinto subsidiary fined $160,000 over spill
A SUBSIDIARY of mining giant Rio Tinto Ltd has been fined $160,000 after admitting to a large fuel spill in the Northern Territory last year. Alcan Gove Pty Ltd pleaded guilty in the Darwin Magistrates Court today to causing serious environmental harm and was fined $160,000 by magistrate Michael...
China’s Minmetals Resources Scrambles To Extend Life of Mines, Eyes Alumina
Scrambling to extend the life of its mines, four of which are set to conclude by 2020, China's Minmetals Resources Ltd. is on the prowl to acquire Australia based miners Mirabela Nickel Ltd.and Alumina Ltd., with a $7 billion to boot to capture the two companies' nickel, bauxite and alumina output....
Australia Gladstone port's Nov alumina throughput down 24% on year
Australia's Gladstone port in the state of Queensland handled 344,936 mt of outbound alumina shipments in November through eight vessels, statistics published Wednesday by the local port authority indicated. Of these, 143,523 mt were domestic shipments, while 76,970 mt were bound for Russia, 26,250...
Australian Bauxite Limited Appoints John Dawkins as Director
Australian Bauxite Limited (ABx) (ASX:ABZ) is pleased to announce the appointment of Mr Dawkins A.O. as an independent Director to the Board. Mr Dawkins earliest exposure to the mining industry was when as Minister for Trade (1984- 1987) in the Hawke Government he was responsible for the...
Alumina refinery expansion on track
Rio Tinto Alcan says global economic volatility will not affect the completion of its alumina refinery expansion near Gladstone in central Queensland. The Yarwun 2 site will produce more than 3 million tonnes of alumina a year when it is fully operational. General manager Dave Yeoman says it is due...
Shares of Alumina Under Pressure, Down 2.3%
Alumina (NYSE:AWC), a company whose shares are moving quickly, is trading 2.3% lower to $5.66. The Dow Jones Industrial Average is now trading 0.3% higher to 12,059 and the S&P is trading 0.5% higher to 1,251. There is potential upside of 59.1% for shares of Alumina based on a current price of...
Cape Alumina Ltd : Partially Underwritten Share Purchase Plan
Cape Alumina Limited (Cape Alumina or Company) is pleased to advise that it will be undertaking a Share Purchase Plan (SPP) to raise up to $2,340,000. One important objective of this capital raising is to allow smaller shareholders the opportunity to increase their investment in the Company at an...
Alumina Makes a Move: Up 10.9%
One of today's stocks on the move is Alumina (NYSE:AWC), up 10.9% to $5.40. The S&P is trading higher by 3.1% to 1,195 and the Dow is trading 2.7% higher to 11,540. In the past 52 weeks, Alumina share prices have been bracketed by a low of $4.86 and a high of $11.46 and are now at $5.40, 11% above...
Côté’s new Rio Tinto Alcan will be best for bauxite
Rioe Tinto Alcan, once it has divested the 13 assets it put up for sale in October, will occupy the “best bauxite position in the industry”, ceo Jacynthe Côté said at Rio’s investor seminar in Sydney on Monday. The 13 assets include aluminium smelters in Australia, New Zealand, the USA and Europe,...
