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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FYI Resources to raise up to $2.7 million for the use in advancing HPA production
According to a recent report, FYI Resources Limited has received firm commitments from several professional investors to raise up to $2.7 million through a two-tranche placement at 6 cents per share for the use in advancing high purity alumina (HPA) production at its fully integrated HPA project in...
Deco Australia produces Timber look Aluminium flooring
DecoFloor from aluminium building products manufacturer Deco Australia comes up with new internal flooring system that offers the natural beauty of timber with the durability of aluminium floorboards. DecoFloor is a first in the Australian flooring industry to make from solid, powder-coated...
Capral Aluminium confirms to operate in Victoria amid COVID-19 restrictions
Australia’s aluminium specialist, Capral Aluminium confirms that it will continue to operate in Victoria amid COVID-19 stage 4 restrictions. The company communicated during an ASX announcement that its operations will be strictly conducted under a high-risk COVID safety plan. Capral Aluminium...
Bauxite production to climb sharply from 2021: Fitch Solutions
Fitch Solutions Country Risk and Industry Research says: “New projects coming on line in key producers Guinea, Indonesia and Australia, as well as a ramp-up in Indian and Indonesian production, will drive rapid production growth of bauxite in 2021.” The bauxite mining sector of Australia...
Capral Aluminium deliver earnings guidance for H1 2020
Australia's largest extruder and distributor of aluminium products, Capral Aluminium has delivered earnings guidance for H1, ended 30 th June’20. The aluminium firm based on unaudited management accounts, predicts that trading EBITDA for the half-year to 30 June 2020 will be approximately $10.2...
Australian researchers evaluate the commercial sustainability of Solar Alumina Calcining
Australia’s industrial carbon emissions released by the alumina refineries counted to be around 27%, where fossils fuels are burned to heat the procedure. However, concentrated solar thermal (CST) could deliver up to half of the heat required. Australian researchers have for the first time...
FYI Resources completes stage two HPA production trial at its pilot plant facility in Welshpool
FYI Resources Limited said that it completed stage two production trial of high purity alumina from its pilot plant facility in Welshpool, Western Australia, following several positive feedback and multiple requests from various potential offtake groups for additional HPA product, which will...
International Transport Workers Federation in Australia seize Alumina cargo at Newcastle dock over underpayment of Burmese crew
A cargo ship bringing alumina feedstock to Tomago Aluminium has been seized on the dock at Newcastle over alleged underpayment and other breaches of seafarers' minimum conditions by the International Transport Workers Federation (ITF). Dean Summers, the head of the ITF in Australia, said: “The...
Australian Bauxite Limited ready for early shipment from Bald Hill Mine
Australian Bauxite Limited is ready to make shipment from its Bald Hill mine near Campbell Town northern Tasmania ahead of schedule. The company will ship 35,000 tonnes of cement grade bauxite from the mine on 8 August. Australian Bauxite Limited is able to press ahead during the COVID-19 pandemic....
Clean TeQ teams up with Relativity Space, Inc. to develop scandium-aluminium alloys for 3D printing of Rockets
Clean TeQ Holdings Limited has teamed up with Relativity Space, Inc. to develop scandium-aluminium alloys for 3D printing of launchers for commercial orbital launch services. Clean TeQ will supply scandium oxide to Relativity from its Sunrise Project in NSW, Australia. Clean TeQ’s Chief Executive...
A00 aluminium ingot price grows by RMB110/t with premium spot price lowered at RMB130-170/t, Australian alumina FOB price down to $281/t
According to the Shanghai Metals Market, the A00 aluminium ingot price has increased by RMB 110 per tonne to RMB 14,520 per tonne on Wednesday, July 22, following a decline from RMB 14,480 per tonne to RMB 14,410 per tonne on the previous day. Today, the average prices are expected to range between...
Australia’s import volume of Aluminium foil reveals rapid rise with steady fall during 2017-20; expenditure remains rising
Australia's economy is the world's 14th largest rated AAA with a stable outlook by all three global rating agencies. The economy of Australia is a highly developed market economy. Its GDP was estimated at A$1.89 trillion as of 2019. In 2018 Australia became the country with the largest median...
Poralu Marine and Western Australia Department of Transport collaborate for a new jetty, heavy-duty aluminium structures to be installed
Poralu Marine has made public towards its involvement in the design and construction of a new jetty at Two Rocks Marina, Western Australia. The project will be completed in collaboration with Poralu Marine distributor Shorewater Marine for the Western Australia Department of Transport (DoT). The...
Rio Tinto produces 28.37 million tonnes of bauxite in H1 2020; shipments in Q2 up by 13%
Rio Tinto’s second quarter bauxite production stood at 14.6 million tonnes, 9% higher than the second quarter of 2019 and 5% higher than the first quarter of 2020. “Production at managed operations increased by 9% underpinned by the Amrun mine, whilst production at the non-managed CBG joint venture...
India’s alumina imports to decline by 4% in CY2020 in line with its measures to minimise overseas dependence
According to the global export-import data, India’s alumina imports in CY2020 are estimated to stand at 2.27 million tonnes, down by 4.22 per cent from 2.37 million tonnes (approx.) in 2019. In 2018, India had imported 2.69 million tonnes, meaning the country’s alumina imports in 2019 stood down by...
Alcoa expects lower quarterly results in the Bauxite and Alumina segments in Q3
Alcoa Corporation reported improved productivity in Q2 and continued operational stability during the COVID-19 pandemic. For Q3, the company expects slightly lower quarterly results in the Bauxite segment primarily due to lower volume. Alcoa expects lower quarterly results in the Alumina segment...
US-Australian space surveillance telescope to be enhanced, aluminium coat remains essential
The Australian Government will invest $87 million towards improvising facilities at the joint US-Australian Space Surveillance Telescope, Naval Communications Station Harold E. Holt in Exmouth, on the tip of the North West Cape in WA. Linda Reynolds, Minister for Defence, during a visit to the...
Alcoa affirms to take its fight with Australian Taxation Office to Supreme Court
Alcoa has affirmed to take its fight with the Australian Taxation Office to the Supreme Court. The behemoth organization stated clearly that it does not feel bound by BHP's decision to settle a transfer pricing dispute in 2018. The ATO strengthened its investigation into Alcoa's sales of Australian...
