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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Top Alumina refineries of Australia
The aluminium industry in Australia is operating six alumina refineries in the country, which are mostly producing smelter grade alumina for both the domestic and export markets. The nation’s alumina production in 2019 was 20.5 million tonnes and maintained its position as the second-largest...
FYI Resources Limited enters into agreement with Alcoa Australia for high purity alumina JV negotiations
FYI Resources Limited has signed deal with Alcoa Australia Limited for detailed negotiation for a possible high purity alumina (HPA) project joint venture. During the 90-day exclusivity period that started on 5th May 2021, both the companies will carry out further due diligence to establish the...
China’s aluminium ingot price inches up by RMB 30/t; Australian alumina FOB price stands at USD 275/t
SMM aluminium ingot price has edged higher by RMB 30 per tonne to stand at RMB 18210 per tonne on Friday, 23 April 2021, from its previous price of RMB 18180 per tonne on April 22. This marks the second consecutive hike in aluminium price. The price is expected to range at RMB 18190-18230 per...
Capral Aluminium rejects Allegro’s purchase offer
Australia's largest extruder and distributor of aluminium products, Capral Aluminium with five manufacturing sites strategically placed across the country have rejected Allegro's purchase offer due to critical assessment from shareholders. A few days earlier, the company acknowledged a takeover...
Rio Tinto reports 2% decline in bauxite production in Q1 2021; bauxite shipments stand at 9 million tonnes
Rio Tinto announced first quarter of 2021 production results. The company’s bauxite output was 2% lower than the first quarter of 2020 due to wet weather on the East coast of Australia impacting its Weipa operations. The port at the Amrun mine closed for 14 days due to large swells and cyclones....
Metro Mining hopeful about 2021 as production resumes at Bauxite Hills mine
Metro Mining Limited has shown confidence about 2021 as its production has resumed at Bauxite Hills Mine after the northern Australia wet season. Metro Mining managing director Simon Finniss said that after a tricky 2020 when the bauxite markets experienced a dent due to the COVID-19 pandemic, we...
Alcore produces aluminium fluoride samples from dross; Eyes at building first commercial processing plant next year
Alcore Limited, 87 per cent-owned chemical refining subsidiary of ASX-listed Australian Bauxite, has reportedly produced aluminium fluoride samples from aluminium smelter waste known as dross in its recent test work by using proprietary technology. The company hopes to become the first domestic...
China’s aluminium ingot price stands RMB 20/t higher; Australian alumina FOB price rises to USD 273/t
SMM aluminium ingot price has marked a hike for the second day in a row. The price stands at RMB 17490 per tonne on Friday, 09 April 2021, an increase of RMB 20 per tonne from Thursday’s price of RMB 17470 per tonne. The price is expected to move within a range of RMB 17470-17510 per tonne. In...
Rio Tinto interferes following the detention of bauxite ship by Australian Maritime Safety Authority
The Australian authorities have detained a ship engaged to transport bauxite from Rio Tinto's operations on Cape York for revealing its crew to awful conditions including food and water shortages. The Movers 3 is one of two Aswan Shipping carriers under detention in Australia for multiple breaches...
Metro Mining to restart operations at Bauxite Hills Mine
Metro Mining Limited will restart operations at Bauxite Hills Mine after the northern Australia wet season. Operations are planned to resume on 19 April. The company aims to mine and ship 4.0M wet metric tonnes (WMT) of bauxite between April and December. Negotiations for additional sales are...
A00 aluminium ingot price grows by RMB60/t to settle at RMB17390/t; Australian alumina (FOB) price drops by US$15/t
A00 aluminium ingot price opened the week higher by RMB 60 per tonne to RMB 17,390 per tonne as of Monday, March 29, found the Shanghai Metals Market. This marks the second consecutive day of rise from RMB 17,330 per tonne on Friday, March 26. The average prices are expected to range between RMB...
King River Resources market price mounts with HPA progress
The exploration mining company, King River Resources, with holdings at Speewah and Mt Remarkable in the Kimberley region of northern Western Australia and at Tennant Creek in the Northern Territory reflects its share price mounting 27%, gliding on the news that the company has managed to produce...
Inferior Aluminium supply from China, delays delivery of the Royal Australian Navy's new fleet of Cape Class patrol boats
The delay in the delivery of the Royal Australian Navy's new $350 million fleets of Cape Class patrol boats has been blamed on the supply of inferior quality aluminium from China. The West Australian shipbuilder Austal has secured a contract in May’20, to build six of the 58-metre vessels, which...
Tasmania, Queensland Bauxite deposits reported with rare-earth elements
Tasmania and Queensland bauxite deposits have been reported with treasured rare-earth elements. The reliability of the ongoing supply of rare-earth elements is a cause of concern for multiple countries and industries, as the major producer, China is all set to restrict its supply. Several advanced...
Mitsubishi’s marks the first investment in Bauxite mining, inks agreement with Glencore to acquire a 30% stake in the Aurukun Project
The Japanese multinational conglomerate, Mitsubishi Corporation has announced that it has reached an agreement with Anglo-Swiss multinational commodity trading and mining company Glencore Plc to acquire a 30% stake in the Aurukun Bauxite Project in Australia. Presently, Glencore is the whole owner...
Alcoa signs new contracts with multiple power generators for Portland Aluminium Smelter
Alcoa Corporation signed new agreements with AGL, Alinta Energy and Origin for power supply to its Portland Aluminium Smelter in the Australian state of Victoria. The five-year contracts will commence on August 1, 2021, after its existing agreement with AGL expires on July 31, 2021. “The Australian...
Alcoa’s Alumina refinery in Wagerup under investigation for leakage of potentially toxic material
The mine safety regulator of Western Australia is investigating the leakage of seven million litres of potentially toxic material gushed from a tank at Alcoa’s alumina refinery this week. On 9 th March 2021, the incident took place at the American industrial giant’s alumina refinery in Wagerup, 120...
Altech HPA battery coating technology first-phase test results remain positive, advancing for the next stage
Altech Chemical, the high purity alumina producer confirmed that the results from first-phase testing of batteries that contain graphite particles coated with its proprietary high purity alumina coating technology remain positive. Test work will now advance to the next stage comprising further...
