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...
Grow with
AL Circle
Rio Tinto updates on production of aluminum
The short term outlook remains challenging as the industry experiences higher input costs and lower LME prices which are currently well below the industry's marginal cost of production. At current prices, Rio Tinto Alcan's underlying earnings are expected to be around break even in the second half...
Cape Alumina achieves 28Mt maiden JORC Inferred Resource for Bauxite Hills
Cape Alumina’s (ASX: CBX) exploration results have unveiled a maiden JORC Inferred Resource of 28.3 Million tonnes of in-situ, high-quality, export-grade bauxite at its Bauxite Hills’ BH1 area. This represents a major milestone for the Bauxite Hills mine and port project as Cape Alumina continues...
Rio faces tough aluminium questions
Rio Tinto tried to tell investors how strong their aluminium business was on Monday but instead faced a barrage of questions about how quickly they could get rid of it. The aluminium division is expected to break-even in the second half of 2011 compared to a $US1.4 billion ($A1.43 billion)...
Manufacturing drives Hunter jobs surge
A JOBS boom bucking an industry trend has confirmed the Hunter as Australia’s premier manufacturing region. Figures show 53,000 people lost their jobs in the manufacturing sector throughout Australia in the 12 months to September 2011. In the same period, trend data showed 4000 Hunter workers...
Cape Alumina in pre-open pending resource statement and capital raising details
Cape Alumina (ASX: CBX) has been granted a trading halt by the ASX pending the release of a proposed capital raising and the finalisation of a resource statement, with the company's shares placed in pre-open. Cape Alumina has not yet indicated where the funding injection will be allocated or the...
Intercept Minerals, Rio Tinto agree to farm-in terms for Tiwi Islands bauxite project
Intercept Minerals (ASX: IZM) has agreed the principal terms for a farm-in agreement with Rio Tinto (ASX: RIO) over Intercept’s Tiwi Islands bauxite project. Intercept has an exploration licence covering 1,431 square kilometres of land under application in northeast region of Melville Island,...
Tailings dump health fears
RESIDENTS in Mandogalup and Hope Valley are in limbo, unsure whether they can live safely in their homes that are close to mining giant Alcoa’s tailings area. Many of their properties now fall within a 1.5km buffer extension and 500m transition zone around the tailings area, put into place by the...
Australia Minerals & Mining Group explores technology to produce alumina
Australia Minerals & Mining Group has been granted a five year option to acquire a technology licence that allows the processing of kaolin or aluminous clay to alumina. Remuneration terms for the exclusive, Australia-wide technology licence are yet to be agreed upon. Professor Shang, who owns the...
Australia's mining tax bill excludes bauxite: aluminum council
Australia's planned mining tax, passed by the lower house of parliament in the early hours of Wednesday, will not apply to bauxite, although authorities had earlier intended to include the aluminum ore, Australian Aluminium Council spokesman Miles Prosser said Wednesday. Having passed the lower...
Stock Investors Sell Off Shares of Alumina, Down 4.7%
Alumina (NYSE:AWC), a company whose shares are moving quickly, is trading 4.7% lower to $5.32. The S&P is currently trading 2.3% lower to 1,188 and the Dow Jones Industrial Average is trading 2.5% lower to 11,496. Alumina Limited is an Australian resource company that produces alumina. The Company...
Alcoa Refinery Expansion Approval Expires, Seeks Extension
Alcoa Inc. (AA), the largest U.S. aluminum producer, applied for a five-year extension for environmental approval to expand its Wagerup refinery in Western Australia as the previous consent period expired. “We applied for a five-year extension of the ministerial approval for the Wagerup unit three...
Shares of Alumina Under Pressure, Down 1.7%
One of today's notable stocks in decline is Alumina (NYSE:AWC), down 1.7% to $5.94. The Dow Jones Industrial Average is now trading 0.2% higher to 12,104 and the S&P is trading 0.3% higher to 1,255. Alumina share prices have moved between a 52-week high of $11.46 and a 52-week low of $5.15 and are...
Arabal: RTA to focus on Tier 1 businesses
Rio Tinto Alcan will concentrate on its Tier 1 assets to make them resilient to the global economic uncertainty, its chief executive Jacynthe Cote said. In the keynote presentation, Ms Cote told delegates at the 15th Arabal conference, held in Muscat, Oman, the company was streamlining six of its...
Australian carbon tax fears
Australia's new carbon pricing plan will cause a contraction in the country's energy-intensive aluminium industry, already under pressure from cheaper Chinese output, the Australian Aluminium Council said. "This puts us at more of a disadvantage than we were at without the scheme," the council's...
Shares of Alumina Under Pressure, Down 4.8%
Alumina (NYSE:AWC) is one of today's notable stocks in decline, down 4.8% to $6.11. The Dow is down 2.1% to 11,920 and the S&P is currently down 2.3% to 1,247. Over the past year, Alumina has traded in a range of $5.15 to $11.46 and is now at $6.11, 19% above that low. The 200-day and 50-day moving...
Australian alumina rangebound; China slips to Yuan 2,780/mt
The Australian alumina spot price continued at $340/mt FOB on Tuesday, unchanged from Friday, as spot activity remained sparse. Platts did not assess the market on Monday, November 7, as Singapore was closed for a national holiday. The market is "dead quiet," a European trade source said. "We...
Australia aluminum sector to contract over carbon plan
Australia's new carbon pricing plan will cause a contraction in the country's energy-intensive aluminum industry, already under pressure from cheaper Chinese output, the Australian Aluminium Council said on Tuesday. "This puts us at more of a disadvantage than we were at without the scheme," the...
China’s Minmetals Resources Scrambles To Extend Life of Mines, Eyes Mirabela Nickel, 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...
