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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Update - Australian Bauxite inks maiden 16.8Mt high grade Bauxite JORC Resource at Binjour
Australian Bauxite (ASX: ABZ) has established an initial 16.8 million tonnes JORC Resource at its Binjour project in central Queensland, growing the company resources to 84 million tonnes. The gibbsite-rich resource is based on 88 infill exploration holes that intersected a thick bauxite layer that...
Nissan warns that carbon tax plan in Australia threatens business
The car maker Nissan has taken a swipe at the federal government's carbon tax plan saying it threatens the viability of the last of its Australian manufacturing operations. The Japanese company announced USD 4 million expansion of its Dandenong casting plant which has diversified to make add on...
ERM signs gas supply deal with Alcoa
Energy company ERM Power has secured a deal to sell gas from its Gingin reserves to aluminium giant,Alcoa. Under the agreement, ERM will provide Alcoa with 15,000-terajoules of gas from its Gingin and Red Gully fields, north of Perth. Alcoa will make a staged pre-payment of $25-million, allowing...
Alumina Makes a Move: Up 7.6%
Alumina is one of today's notable stocks on the rise, up 7.6% to $6.34. The Dow is up 0.8% to 11,027 and the S&P is currently up 1.0% to 1,156. Alumina has potential upside of 42.0% based on a current price of $6.34 and analysts' consensus price target of $9.00. The stock should find initial...
Bauxite Limited inks MoU with Marubeni for pre feasibility study
Australian Bauxite Limited and Marubeni Corporation have concluded a MoU to jointly conduct a pre feasibility study in relation to the Goulburn and Taralga bauxite project located in New South Wales of Australia. A 25 million tonne bauxite resource has been declared at Taralga and Marubeni will...
Shares of Alumina Under Pressure, Down 3.3%
One of today's notable stocks in decline is Alumina (NYSE:AWC), down 3.3% to $5.32. The S&P is trading lower by 0.3% to 1,133 and the Dow is trading 0.2% higher to 10,795. Alumina (NYSE:AWC) has potential upside of 66.9% based on a current price of $5.39 and analysts' consensus price target of...
Rio Tinto Eyeing Australia Aluminum Business Spin-off
Global miner Rio Tinto is considering spinning off part of its Australian aluminum assets as planned as carbon would raise costs, the Australian Financial Review said on Monday. Rio has been working with Macquarie Group and PricewaterhouseCoopers to consider its options for the business. Rio's...
Australian alumina falls on LME aluminium sinking to 2011 lows
The Asia Pacific alumina market dropped $3 day-on-day Friday to $366/mt FOB Australia, dragged by a week of continuous losses in LME aluminium to record lows for 2011. Platts Australian alumina price benchmark was down $3/mt compared with a week earlier, also slipping $1/mt in the last month. On...
Cape Alumina raises funds with help of major shareholder
ASX-listed Cape Alumina has signed a binding term sheet to raise between A$3.5-million and A$5-million through the issue of a convertible note with its largest shareholder Resources Capital Fund. The convertible note would allow Cape Alumina to draw down on its facility to ensure the timely funding...
Aluminium lacework from Chatterton Lacework
Chatterton Lacework , a leading Australian manufacturer of aluminium building products presents aluminium lacework. Chatterton Lacework now manufactures aluminium lacework based on the popular Victorian design, Rosemary iron lacework that was common in Inner Melbourne homes built during the...
Update-China Bauxite Import Keeps High In August
According to China import and export report China bauxite imports are 3851.5 thousand tons in August, growth of 54.94% yoy, and 3743.1 thousand tons in July. From the beginning of this year, total import has been 28295.3 thousand tons,growth of 44.62% yoy. Indonesia, Australia, India and Germany...
Geelong smelter jobs at risk, Trades Hall claims
GEELONG Trades Hall has forewarned that aluminium giant Alcoa will inevitably close its Victorian operations. But the dire prediction has divided the union movement, with the Australian Workers Union labelling the comments as misguided. It comes as Alcoa failed to guarantee its future in the...
Recycling plant turns 50
AUSTRALIA'S largest aluminium recycling facility, the Alcoa plant in Yennora, turned 50 last month. The facility recycles almost half a billion aluminium cans a year, going through around 55,000 tonnes of scrap aluminium. The recycling process uses 5 per cent of the energy needed to make new metal...
Australia revises mining production outlook
The latest forecasts for production and exports of key Australian mineral resources Bauxite and Alumina released by the Australian Bureau of Agricultural and Resource Economics and Sciences on Tuesday are unchanged compared to old forcasts. The figure for Bauxite is 68.2 and Alumina is 20.705...
Australia 2011-12 Alumina exports expected up
The value of commodities exports from Australia will climb 21% in the coming financial year to A$214.76 billion as increased production meets higher prices despite fears for the global economic outlook, the country's Bureau of Resource and Energy Economics, or BREE, reported Tuesday. Export volumes...
Smelters are under threat, claims Alcoa
US aluminium giant Alcoa has warned that Victoria's two aluminium smelters face a "significant threat" because of the soaring Australian dollar, high input costs and the carbon tax, raising fears of further job losses in the crisis-hit manufacturing industry. Victorian Treasurer Kim Wells met Alcoa...
Bluetongue stadium turning green thanks to Mariners
THEY might wear blue and yellow on the field but the Mariners have gone green this week, getting behind Bluetongue Central Coast Stadium’s latest environmentally friendly recycling campaign. Stadium manager Monique Marks showed off their newly installed recycling bins to star players Patrick...
Australian Bauxite Limited Extended High Grade Bauxite at Binjour Project Over a Wide Area
Emerging bauxite exploration and development company, Australian Bauxite Limited has received laboratory results from drilling at its Binjour project in central QLD. 89 holes intersected a thick layer of bauxite located beneath a surface clay horizon, including some exceptionally high grade, thick...
