Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
Rio Tinto adds Aurukun's 8 tpa bauxite opportunity to growing Cape York pipeline
The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
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Fortescue monitors New Zealand hydrogen venture, hope raises for Tiwai aluminium smelter operations beyond 2024
The fourth-largest iron ore producer globally with its headquarter in Australia, Fortescue Metals has inked a partnership agreement with a tribal group in New Zealand to evaluate the possibilities of developing a hydrogen project fuelled by renewable energy with the first production as early as...
Australia and Guinea to promote global bauxite production growth in 2021, Fitch estimates
Fitch Solutions has forecast in its recent industry report that new projects coming online in Guinea, Indonesia, and Australia and ramp-up in Indian and Indonesian output will drive the global bauxite production growth this year after the COVID-19 pandemic in 2020. The American credit rating agency...
Australian recyclers to start kerbside aluminium coffee capsules recycling facility
Australian recyclers, iQ Renew and CurbCycle, will reportedly partner with Mosman and Willoughby councils to facilitate a trial for aluminium coffee capsules recycling, which will help inform the development of a national coffee capsule recycling scheme, led by Planet Ark. Specially designed orange...
Bauxite miner Metro Mining stands short of capital raise in the retail segment
The Brisbane based Australian exploration and mining company, Metro Mining (MMI) stood short of capital raise by around $8.64 million in the retail segment of a $25.5 million capital raising plan. The Bauxite Hills flagship project operating company planned to raise just over $15 million from...
Weekly Aluminium Recycling Recap: Robina Town Centre announces new container recycling initiative; Corona crisis crashes the aircraft scrap metal recycling market
Aluminium recycling is a major role player for driving the sector towards low-carbon, however this week the buzz kept low. In Australia, Robina Town Centre has teamed up with not-for-profit organisation Container Exchange to launch a new container recycling initiative named Partners for Change,...
Rio Tinto’s bauxite production down by 6% YoY in Q2 2021; bauxite shipments stand at 9.493 million tonnes
Rio Tinto announced its bauxite production results for the second quarter of 2021. The output was down by 6% year-on-year due to ongoing system instability following severe wet weather in Eastern Australia in the first quarter. The second quarter bauxite production came in at 13.7 million tonnes....
Rio Tinto joins the Australian Industry Energy Transition Initiative to cut carbon emissions in hard-to-abate sectors
Rio Tinto has joined the Australian Industry Energy Transition Initiative (ETI) to reduce emissions in hard-to-abate sectors. The Australian Renewable Energy Agency (ARENA) has also awarded $2 million grant to the initiative. The initiative aims to reduce emissions in ‘hard-to-abate’ sectors, such...
Weekly Alumina Recap: Altech Chemicals establishes R&D laboratory in Perth; China’s alumina production in June declines to 6.12MT
News that has topped the headline this week under the alumina sector is Altech Chemicals Limited’s establishment of its own research and development laboratory in Perth, Western Australia. The news came after the company itself announced it on Monday, July 5. The establishment was smoothly...
Bauxite miner Metro Mining signs two binding spot cargo agreements with Shanxi Liulin Senze Aluminium Company
The Australian exploration and mining company Metro Mining (MMI) has signed two binding spot cargo agreements with Shanxi Liulin Senze Aluminium Company of China. The two cargo agreements are for around 60,000 wet metric tonnes (WMT) from Metro’s flagship project, the Bauxite Hills Mine, located in...
King River Resources secures Research & Development tax rebate
The mining exploration company King River Resources Ltd has improved its finances upon securing a Research & Development tax rebate of $382,463.65. The fund will be utilized for working capital. The company’s research towards the development of the processing methodology conducted during the 2020...
Metro Mining appoints Simon Wensley as the new Managing Director and CEO
Australian exploration and mining company, Metro Mining has appointed Simon Wensley as the new Managing Director and CEO. Chief Executive Officer and Managing Director Simon Finnis have stepped down from his role effective 5th July 2021 following six and a half years in the position. Simon Wensley...
Altech Chemicals establish its R&D laboratory in Perth, Western Australia
Altech Chemicals Limited, the Australian Securities Exchange-listed company has notified that is it has established its own research and development laboratory in Perth, Western Australia. The establishment was smoothly transformed to Altech’s R&D laboratory, as it was previously occupied by an...
Rio Tinto examines technical implications of using hydrogen to produce green alumina
The Anglo-Australian multinational and the world's second-largest metals and mining corporation Rio Tinto is examining the technical implications of using hydrogen as a form of renewable energy in place of natural gas to reduce emissions from refining alumina. The feasibility study amounting to...
FYI Resources engages Socialsuite to establish and maintain a tailored ESG reporting platform
The Australian listed resources company, FYI Resources, which is focused on developing an innovative and vertically integrated high quality, high-purity alumina for use in various high growth tech applications has developed an independent environmental, social, and governance (ESG) reporting...
Australia: Metro Mining floats $25.5 million equity raise to scale up balance sheet
The Australian exploration and mining company, Metro Mining Limited based in Brisbane, Queensland has floated a $25.5 million equity raise incorporating an arrangement and a pro-rata accelerated non-renounceable entitlement offer. As per the information, approx. 1.6 million shares will be issued at...
Australian Bauxite intents for another new and larger mine in Tasmania
The innovative business by Australian Bauxite Limited, which has developed new technologies to improve bauxite application across the aluminium, cement and fertiliser industries has shown the intent of another new and larger bauxite mine at Fingal Rail, near Conara in Tasmania. Since 2015, the...
Alumina weekly recap: Land identification for NALCO’s red mud pond obstructed by residents in Odisha; Australian Securities Exchange grants trading halt to King River Resources ahead release of PFS on Kwinana HPA project
The global aluminium industry’s alumina segment remained heavily eventful this week. National Aluminium Company Limited, Government of India owned integrated and diversified mining, metal and power organisation has been obstructed by residents of a village in Odisha, when government staffs went for...
Alcoa details decarbonise plans for alumina refining; $2-5 billion investment by all Australian refineries will cut 70% emissions
Alcoa Corporation has laid out a detailed plan of leveraging renewable energy to refine alumina in an attempt to cut 70 per cent of carbon emissions. Among Australia’s emissions-intensive exports, alumina and aluminium are the highest at risk for carbon border tariffs that the European Union is set...
