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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Aodeli Australia reveals new product catalogue featuring existing and new aluminium facade panels
Last week, on July 8, Aodeli Australia reportedly unveiled its latest product catalogue featuring non-combustible panel (NCP), solid aluminium panel (SAP), and new editions of aluminium decorative panel (ADP) and aluminium perforated panel (APP). The new product catalogue offers a full overview of...
Australia: Tomago Aluminium’s Workplace Giving Fund collects more than $2 million for charities
The fundraising program during COVID-19 epidemic has remained crucial towards maintaining a community focus that has delivered an integral platform for the workers at Tomago Aluminium. An employee initiative that has been active for more than 30 years, the Tomago Workplace Giving Fund has collected...
A00 aluminium ingot price declines by RMB420/t after three consecutive hikes; Australian alumina FOB price grows by US$13/t
Following the three consecutive hikes from RMB 14,320 per tonne to RMB 15,320 per tonne, the A00 aluminium ingot price has recorded a sharp decline today, July 14, of RMB 420 per tonne to stand at RMB 14,900 per tonne, found Shanghai Metals Market. The average prices are expected to range between...
McConnell Dowell gains Queensland Alumina waste line project, Rio Tinto remains vital
McConnell Dowell has signed a design and construction contract with Queensland Alumina (QAL). The construction company’s relationship with major shareholder Rio Tinto has remained vital. The construction company will be accountable for the delivery of a waste line replacement at QAL’s Parsons Point...
JV of Alcoa and Alumina Ltd in Australia faces tax bill of $919 million
Alumina Ltd in Australia stated that its joint venture with aluminium giant Alcoa has been evaluated $212 million in previous taxes over alumina sales to the aluminium smelter in Bahrain, known as ALBA. The Australian Taxation Office (ATO) has also highlighted that the compound interest on the tax...
Metro Mining achieves record shipping month at Bauxite Hills Mine in June
Metro Mining published production and shipping results for the June quarter 2020. The company achieved a record shipping month in June with a total of 536,454WMT (wet metric tonnes) loaded onto Ocean Going Vessels. Metro has exceeded the upper end of June quarter guidance by 150,688WMT (14%). Metro...
Adbri’s shares nosedive 25% on Alcoa’s decision of lime supply contract termination
Since the time Alcoa declared its decision to not renew a long-standing lime supply contract with Adbri-owned Cockburn Cement, Adbri started seeing a plunge in its shares. According to the report, the company’s share price closed 25 per cent lower on Friday at $2.35. Alcoa’s decision is believed to...
Alcoa of Australia Limited ends lime supply contract with Adbri Limited
Alcoa of Australia Limited (Alcoa) decided to terminate its current lime supply contract with Adbri Limited. Adbri Limited announced that its subsidiary, Cockburn Cement Limited, has been informed by Alcoa that it would not renew its agreement. Lime is a strategic material needed for alumina...
COVID-19 Recovery: Victorian Greens suggests upgrading Portland Aluminium smelter to serve as “reverse battery”
The Victorian Greens, the Victorian state member party of the Australian Greens, has reportedly come up with a green COVID-19 recovery package, which consists of funding to upgrade Portland Aluminium smelter to allow it to act as a “reverse battery” while being powered by wind and solar. The...
Australian alumina FOB price climbs to stand at USD 262/t; A00 aluminium ingot price up by RMB 190/t
The average spot alumina price in China is up by RMB 5 per tonne on Wednesday, 01 July 2020. Alumina price stands at RMB 2281 per tonne, after rising by RMB 15 per tonne on June 30. Alumina prices have increased across all major markets in China, except South. The prices of alumina in East,...
Alcoa launches 2021 apprentice recruitment campaign for Western Australia alumina refineries even amidst COVID-19 crisis
According to a recent report, Alcoa has come up with its 2021 recruitment campaign for apprentices despite the COVID-19 crisis and weak economy. The company says that it plans to recruit 24 apprentices, who will join 101 other apprentices in Western Australia alumina refineries in January 2021. The...
China’s bauxite imports up 4% YoY in May; Guinea remains the top supplier
According to the latest data from China Customs, China’s imports of bauxite decreased 3.9 per cent month-on-month to 9.54 million tonnes in May 2020. On a yearly basis, imports were up by 3.57% from the same month of 2019. Total imports stood at 47.9 million tonnes in January-May, showed Customs...
Valmec upgrades gas supplying station, advantage to Alcoa Pinjarra Alumina Refinery
According to a recent report, Valmec has completed the upgradation work on Australian Gas Infrastructures Group’s (AGIG) Alcoa Pinjarra Meter Stations, which supplies gas to Alcoa’s Pinjarra Alumina Refinery in Western Australia. Alcoa Pinjarra Refinery refines 4.2 million tonnes of alumina per...
The “Corona” crisis: Capral Aluminium in Australia operates without any major disruptions
Extruded aluminium manufacturer Capral is continuing to function without major interruptions, in spite of the ongoing COVID-19 crisis. The virus has created economic insecurity and uncertainty globally; however, the company has managed to evade most of the impacts. This has been exhibited in...
Alumina price in China stands marginally higher; Australian alumina FOB price up USD2/t
The average spot alumina price in China has risen by RMB 2 per tonne or 0.09 per cent on Thursday, after remaining flat on Wednesday. Alumina price stands at RMB 2261 per tonne. Alumina prices have remained unchanged across all major markets, except North China market. The price of alumina in North...
Worley secures engineering and project delivery services contract from Alcoa Australia
Worley has declared that it has secured a three-year services contract with Alcoa for its Australian operations consolidated in mining, refining and smelting operations. As per the contract, Worley will provide engineering and project delivery services for Alcoa’s site‐based sustaining capital...
Australian Bauxite Limited: Production in full swing at Bald Hill Bauxite Project
Australian Bauxite Limited has announced that mining and screening operations are well advanced at its Bald Hill mine, Tasmania. Trucking to port has started to assemble the next cargo of cement-grade bauxite to its customer’s specifications. Australian Bauxite has secured sales contracts for...
Australian alumina FOB price climbs 1.18%; A00 aluminium ingot price inches up by RMB 150/t
The average spot alumina price in China has increased by RMB 12 per tonne or 0.53 per cent on Tuesday, 16 June 2020, after two days of restraint. Alumina price stands at RMB 2259 per tonne. Alumina prices have increased in in Central and North China markets. The prices of alumina in Central and...
