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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Russian alumina giant warns on carbon tax
THE Australian arm of Russia's Rusal, controlled by billionaire oligarch Oleg Deripaska, has warned Canberra that the proposed carbon tax could jeopardise future investments, including in the huge Queensland Alumina refinery near Gladstone on the central Queensland coast. In a recent submission on...
Rusal vets Fiji for alternative bauxite
Mr Oleg Deripaska's Rusal, the world's biggest aluminum producer, has given Rio Tinto food for thought on the future mix of bauxite supplies to their Queensland Alumina Limited JV at Gladstone in Queensland. Rusal has thrown up the potential for Fiji to become a new source of bauxite to cover its...
Bauxite Resources receives A$9m from Yankuang Group, boosts cash position to $50m
Bauxite Resources (ASX: BAU) has received a $9 million reimbursement from joint venture partner Yankuang Group Corporation in accordance with bauxite refinery and bauxite resource agreements signed in January this year. The payment to Bauxite Resources covers three separate reimbursable amounts due...
Buying bagged alumina for Siberia smelters costly for Rusal: source
The Khakas Republic has reconnected a broken railway bridge across the Abakan River, paving the way for Russia's Rusal to resume deliveries of bulk alumina to its aluminum smelters in Siberia, a source familiar with the plants' operations said Tuesday. After the bridge collapsed on May 7 Rusal...
PM signs first mining lease deal
In an Australian first, Prime Minister Julia Gillard has signed a lease agreement between a mining company and traditional land owners. Despite claims yesterday from some Aboriginal residents in the area that they had not been consulted on the lease and would be boycotting the ceremonial signing,...
Australian Bauxite Limited (ASX:ABZ) CEO Ian Levy Discussed Company Progress With Finance News Network
Australian Bauxite Limited (ASX:ABZ) Chief Executive Officer, Ian Levy, discusses the progress of Australian Bauxite with Finance News Network. Lelde Smits: Hello Lelde Smits reporting for the Finance News Network. Joining me today from Australian Bauxite is CEO, Ian Levy. Ian, welcome to FNN....
OSC and Sohar Aluminum sign agreement for 15 year alumina transportation
Reportedly, Oman Shipping Company SAOC and Sohar Aluminum signed a 15 year agreement for alumina carry which will ship 690,000 tonnes of alumina to Oman from Australia. Meanwhile, Sohar Aluminum’s annual aluminum production is at around 360,000 tonnes to 370,000 tonnes. The company’s raw materials...
Transfield Services Preferred Tenderer To Alcoa
Transfield Services (TSE) has been awarded preferred tenderer status for a new A$66 million contract with Alcoa of Australia to provide maintenance services at its Pinjarra alumina refinery in Western Australia. Under the contract Transfield Services will also be invited to competitively tender for...
Australian Bauxite Limited (ASX:ABZ) Chairman Address To 2011 Annual General Meeting
Sydney, May 27, 2011 (ABN Newswire) - Australian Bauxite Limited (ASX:ABZ) release the following Chairman's Address to 2011 Annual General Meeting. On behalf of your Directors I am pleased to present the annual report of Australian Bauxite Limited for the twelve months ended 31 December 2010. I...
The end of Gove's historic injustice to traditional owners
FOUR decades after bauxite mining began on the Gove peninsula, traditional owners have finally secured a benefits package worth more than $700 million over 42 years that is focused on education, jobs and business development. The money will be paid into a future fund to secure the long-term...
Wild Rivers laws loom again for Qld miner
Queensland's Wild Rivers laws could thwart plans for a large-scale bauxite mine on Cape York for a second time. Cape Alumina was last year forced to abandon its Pisolite Hills project when the state government made a Wild Rivers declaration over the Wenlock River basin. The declaration banned...
Bauxite mine offers hope for Cairns' economic revival
A PROPOSED bauxite mine and port near Weipa are firming up as the beacons of hope for the Far North's struggling economy. Cape Alumina acting chief executive officer Neville Conway has spent two days in Cairns briefing business and community leaders as well as company shareholders on the promising...
Producer won't shy from a fight
KEITH Jessen (pictured) is among the farmers pledging to lock out the bauxite mining explorers currently rummaging through the South Burnett. The cattle and grain grower is no stranger to a fight. Formally involved in agri-politics, especially the Grain Growers Association, he said he has taken on...
Alcoa: Innovation Award Finalist
Alcoa of Australia has been selected as a finalist in the annual PACE Zenith Awards for its sustainability work in turning bauxite residue into valuable by-products. The Awards, now in their 8th year, recognise companies and individuals, across nine industries in Australia and New Zealand, showing...
Holden to dress Commodore in aluminium
HOLDEN will become the first Australian car manufacturer to employ mass-produced aluminium body panels – most likely the bonnet and boot – to snip the fuel consumption of its next-generation VF Commodore due in 2014. The “light-weighting” exercise, plus a switch to electric-powered steering and new...
Australian Carbon Tax Threatens Aluminum Industry's Future
The government's plan to impose a tax on carbon emissions threatens the future viability of the domestic aluminum industry as it would push up costs and limit future investment, Miles Prosser, Executive Director of Australian Aluminium Council, an industry lobby, said Tuesday. Working on a...
Queensland Bauxite targets DSO resources at Kingaroy and South Johnstone
Queensland Bauxite (ASX: QBL) has initiated an extensive aircore drilling campaign covering over 25,000 metres at two of the company's projects. The strategic focus of Queensland Bauxite in the near-term is to define bauxite resources with a view to commencing direct shipping ore mining and export...
Cape York signs bauxite mine deal
The mining company Cape Alumina has finalised agreements with the Cape York Aboriginal land owners for the proposed Bauxite Hills mine and port project in Queensland, clearing the way for a large-scale exploration and drilling program to start later this year. Exploration consent and compensation...
