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Alcoa power deal abandoned
05 JUL 20113MINS

Alcoa power deal abandoned

A CONTENTIOUS state subsidy arrangement with aluminium manufacturer Alcoa would have been redirected by Spring Street to help finance an overhaul of Hazelwood power station, a former minister has revealed. Former industry minister Theo Theophanous has claimed a three-party deal between the Brumby...

Chalco no longer preferred tenderer as Queensland Government to call open tender for Aurukun bauxite development
04 JUL 20113MINS

Chalco no longer preferred tenderer as Queensland Government to call open tender for Aurukun bauxite development

THE Queensland Government has confirmed it will call an international tender for the development of the Aurukun bauxite resources in western Cape York, effectively snubbing the giant Chinese Aluminium Company (Chalco). Treasurer and Minister for State Development and Trade Andrew Fraser last night...

Chalco no longer preferred tenderer as Queensland Government to call open tender for Aurukun bauxite development
04 JUL 20113MINS

Chalco no longer preferred tenderer as Queensland Government to call open tender for Aurukun bauxite development

THE Queensland Government has confirmed it will call an international tender for the development of the Aurukun bauxite resources in western Cape York, effectively snubbing the giant Chinese Aluminium Company (Chalco). Treasurer and Minister for State Development and Trade Andrew Fraser last night...

International tender for Aurukun bauxite
04 JUL 20112MINS

International tender for Aurukun bauxite

The Queensland Government will conduct an international tender for the development rights of the Aurukun bauxite in Western Cape York., “The original tender process in 2005-06 was based on bidders committing to develop the bauxite resource as a bauxite mine as well as a new alumina refinery to...

International tender for Aurukun bauxite
04 JUL 20112MINS

International tender for Aurukun bauxite

The Queensland Government will conduct an international tender for the development rights of the Aurukun bauxite in Western Cape York., “The original tender process in 2005-06 was based on bidders committing to develop the bauxite resource as a bauxite mine as well as a new alumina refinery to...

Chalco says discussions on Australia project terminated
04 JUL 20111MINS

Chalco says discussions on Australia project terminated

Aluminum Corp of China said its discussions over possible development of bauxite resources in Australia had ended and that it would make provisions for impairment on associated expenditures. The Queensland government terminated the discussions, the company said late Sunday, putting an end to what...

Chalco says discussions on Australia project terminated
04 JUL 20111MINS

Chalco says discussions on Australia project terminated

Aluminum Corp of China said its discussions over possible development of bauxite resources in Australia had ended and that it would make provisions for impairment on associated expenditures. The Queensland government terminated the discussions, the company said late Sunday, putting an end to what...

Mayor pushes for end to bauxite royalties
04 JUL 20112MINS

Mayor pushes for end to bauxite royalties

The Government is conducting an international tender for development rights for bauxite in Aurukun, in Cape York, after Chalco won the original tender but withdrew last year due to the global financial crisis. Chalco had suggested Bowen, in the state's north, would be the most suitable place for...

Cape Alumina announces the successful raising of $1.8 million through the issue of Convertible Notes to Significant Shareholders
01 JUL 20112MINS

Cape Alumina announces the successful raising of $1.8 million through the issue of Convertible Notes to Significant Shareholders

Cape Alumina Limited (ASX: CBX) (“the Company”) is pleased to announce that it has secured $1.8 million in funding from three of the Company’s largest shareholders (Relevant Shareholders) through the issue of Convertible Notes. The funds will be applied to advancing the Company’s Bauxite Hills...

    Aluminium industry urged to focus on renewable energy
30 JUN 20111MINS

Aluminium industry urged to focus on renewable energy

The environment group Friends of the Earth says the aluminium industry should commit to adopting more renewable energy rather than attacking the proposed carbon tax. The Australian Aluminium Council says production may be forced offshore if the carbon tax does not include compensation for the...

    Aluminium industry urged to focus on renewable energy
30 JUN 20111MINS

Aluminium industry urged to focus on renewable energy

The environment group Friends of the Earth says the aluminium industry should commit to adopting more renewable energy rather than attacking the proposed carbon tax. The Australian Aluminium Council says production may be forced offshore if the carbon tax does not include compensation for the...

Chalco, Aurukun bauxite deal falls through: report
29 JUN 20111MINS

Chalco, Aurukun bauxite deal falls through: report

Negotiations between the Queensland government and Chinese aluminium giant Chalco over a $2.3 billion alumina refinery in the north of the state have broken down, with the Aurukun bauxite leases now set to be put up for sale later this year, according to The Australian Financial Review. According...

Australian Bauxite Limited (ASX:ABZ) Announce High Grade Brown Sugar Bauxite Discovery at Guyra, NSW
28 JUN 20111MINS

Australian Bauxite Limited (ASX:ABZ) Announce High Grade Brown Sugar Bauxite Discovery at Guyra, NSW

Sydney, June 28, 2011 (ABN Newswire) - Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) has received laboratory results from drilling at its Guyra project in NSW. 63 holes intersected a thick layer of bauxite located beneath a thin clay horizon, including...

BHP hit with cost blowout at aluminum project
27 JUN 20112MINS

BHP hit with cost blowout at aluminum project

BHP Billiton, the largest mining company, said that the cost of expanding its Worsley aluminum project in Western Australia has increased 58% to USD 3 billion and completion delayed at least 6 months. Mr Andrew Mackenzie CEO of Melbourne based BHP's non ferrous unit said that “The complexity of...

BHP Worsley expansion project set for delay
24 JUN 20111MINS

BHP Worsley expansion project set for delay

BHP Billiton said the cost of expanding its Worsley aluminium project in Western Australia has increased 58% to $US3bn and completion delayed at least six months. The complexity of expanding the refinery “has resulted in significantly lower levels of construction progress than previously...

Australian Stocks Struggle; BHP Alumina Project Cost Up $3 Billion
24 JUN 20112MINS

Australian Stocks Struggle; BHP Alumina Project Cost Up $3 Billion

5:00 PM Sydney – Australian stocks struggled after crude oil plunged more than 4%. The commodities markets also trended lower. BHP said it will invest nearly $500 million in its potash mining operation in Canada and its alumina refinery operation in Western Australia will cost significantly more....

Herberton bauxite miner vows to avoid trouble with Tableland farmers
24 JUN 20111MINS

Herberton bauxite miner vows to avoid trouble with Tableland farmers

A SYDNEY miner has vowed to steer clear of any conflict with Tableland farmers when it starts exploring land near Herberton for bauxite within the next six months. Queensland Bauxite Ltd owns two tenements about 16km northwest and about 18km south-southeast of the town. Executive chairwoman Pnina...

Carbon tax will hurt alumina refinery, company says
24 JUN 20111MINS

Carbon tax will hurt alumina refinery, company says

QAL told its employees the tax will hurt the company's international competitiveness. Project partner Rusal is expected to discuss the long-term future of its alumina refineries at a board meeting in Hong Kong today. Federal Climate Change Minister Greg Combet says the carbon price is not the cause...