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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Bauxite Resources boosts bauxite JORC Resources by 53% to 51.2m tonnes
Bauxite Resources (ASX: BAU) has delivered a maiden Indicated and Inferred bauxite JORC Resource of 17.8 million tonnes at 41.2 % Total Alumina 29.9% Available Alumina and 3.8% Reactive Silica at its Cardea 3 deposit. The deposit is within its northern Darling Range tenement area about 20...
Australia to Spend A$80 Billion a Year on Resources
Investment in Australia’s resources sector will surpass A$80 billion ($82 billion) annually by 2015, boosted by development projects in Alumina and other mineral resources, said research group BIS Shrapnel Pty. Australia is the world’s major exporter of alumina, a raw material to make aluminum...
Australian Bauxite analysis
The Chinese bauxite import statistics for the month of September 2011 show another record month with imported tonnage of bauxite being 37% more than last year at 4.48 million tonnes for the month. The price of Australian bauxite imported into China has risen 19% to US$57.23/tonne. Commenting on the...
Alumina Makes a Move: Down 5.7%
One of today's notable stocks in decline is Alumina (NYSE:AWC), down 5.7% to $6.26. The Dow is down 1.2% to 12,090 and the S&P is currently down 1.3% to 1,269. Potential upside of 43.8% exists for Alumina, based on a current level of $6.26 and analysts' average consensus price target of $9.00. The...
Cape Alumina Bauxite Mine To Come On Stream Mid-2014 -CEO
Cape Alumina is hoping to bring its Bauxite Hills mine into production in mid-2014 to take advantage of strong Chinese demand for bauxite, Managing Director and Chief Executive Officer Graeme Sherlock told Dow Jones Newswires Thursday. The mine, which is in Queensland, Australia, has a 10-15 year...
Bauxite Import Create Historical New High
Chinese bauxite import reached 4478 thousand tons in September hitting new high in these four months according to China Customs, and was just close to the highest import volume in May. From January to September total bauxite import volume reached 32724 thousand tons,increasing by 52.32% yoy. In...
Alcoa Gets 50-Year Extension for Australia Coal Mining License
Alcoa Inc. (AA), the largest U.S. aluminum producer, received a 50-year extension to its coal mining license in Australia’s Victoria state, ensuring fuel to power its Point Henry aluminum smelter. Alcoa will be allowed to expand the size of its mine by 59 percent over the period to 665 hectares...
Buyers Accumulate Shares of Alumina, Up 6.6%
Alumina,a company whose shares are moving quickly, is trading 6.6% higher to $6.13. The Dow is up 0.5% to 11,864 and the S&P is currently up 0.8% to 1,248. In the past 52 weeks, shares of Alumina have traded between a low of $5.15 and a high of $11.46 and are now at $6.13, which is 19% above that...
Update-Few firms big enough to consider Tiwai
The future sale of Tiwai Point aluminium smelter near Bluff - one of seven separate assets being bundled into a new company by mining giant Rio Tinto - could become the focus of Chinese investment or stock-exchange listing. The Tiwai smelter is one of the country's largest single exporters by value...
Bauxite Resources Limited Bauxite Alumina Joint Ventures Update
Perth based bauxite explorer and developer, Bauxite Resources Limited (ASX:BAU) is pleased to advise the completion of Phase 1 of the Bauxite Alumina Joint Ventures ("BAJV") Study for the development of an alumina refinery in the south west of Western Australia. Phase 1 of the BAJV Study consisted...
Govt keeps Alcoa waiting on Wagerup
Alcoa is yet to hear from the WA Government whether it has been granted a five-year approvals relief for the much-hyped $2.2 billion expansion of its Wagerup alumina refinery south of Perth. The original five-year environmental approval expired last month and even though Alcoa began applying for an...
Australian Bauxite Limited resources and projects
Australian Bauxite Limited holds the core of the newly discovered Eastern Australian Bauxite Province.Its 37 bauxite tenements in Queensland, NSW and Tasmania covering 8,500 km2 were rigorously selected on 3 principles: 1. good quality bauxite; 2. proximity to infrastructure connected to export...
Update-Rio Tinto targets longer alumina position with asset sales
If and when Rio Tinto manages to sell all of the 13 assets it put up for sale on October 17, it will have divested itself of around 2 million tpy of primary aluminium production capacity,and given itself a substantially longer position in alumina than in aluminium. “Being long in bauxite and...
Amcor on track for strong profit growth this year
Australian packaging group Amcor stood by its forecast for "substantially" higher earnings this year,expecting cost savings tied to its Alcan and Ball plastics acquisitions to outweigh rising raw materials costs. "Although economic conditions remain uncertain, the momentum of cost synergies already...
Kaolin opens up alumina opportunities
A Perth-based exploration company says Australian scientists have verified the value of its resources in Western Australia's wheatbelt. Australian Minerals and Mining Group owns tenements of kaolin rock near Meckering and Hyden. Kaolin is traditionally used to manufacture paper and clay but Chinese...
Rio Tinto trims aluminium business
Rio Tinto will sell 13 aluminium units worldwide, including refineries and smelters in Australia, as the world's second-biggest miner seeks to streamline its Alcan aluminium business. Rio Tinto said in a statement today the moves were part of a streamlining of its aluminium group following a...
Recycling initiative added to Queensland 7-Eleven store
Recycling drinks containers has just become a lot easier for Murrumba Downs residents with the introduction of an innovative reverse vending recycling machine, Envirobank, at the 7-Eleven store. The Queensland outlet is the third in the franchised convenience chain to adopt this recycling...
Monax Mining commences maiden drilling to test 44.5% bauxite sample, Queensland
Monax Mining has commenced the maiden drilling program at its Pretender Creek Bauxite project in Northern Queensland to test surface bauxite. Monax has an exploration portfolio of three tenements covering 1,198 square kilometres within the Cape York Peninsula. The 180 hole program will test three...
