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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Metro Mining reports about 98% increase in bauxite production YoY to 880k WMT in June quarter
Metro Mining has released results for its June quarter and reported bauxite production of 880 thousand wet metric tonnes (WMT). The company’s June quarter bauxite shipments stood at 836 thousand Wet Metric Tonnes (WMT). Shipping levels since mid-June have exceeded the estimated annual rate of 3.5...
Top five aluminium exporters to the U.S. in January-April 2019
The U.S. total imports of aluminium for consumption stood at 1.95 million tonnes in the first four months of 2019, 18 per cent less than 2.38 million tonnes in the first four months of 2018, according to the latest Mineral Industry Survey report from US Geological Survey. Imports of aluminium...
South32 Worsley Alumina submits revised proposal to EPA for bauxite mine expansion
According to a recent report, South32 Worsley Alumina has submitted a revised proposal to the Environmental Protection Authority (EPA) stating its wish to expand Worsley bauxite mine in the South West of Australia. In the revised proposal, the Australian mining company has also mentioned that the...
Metro Mining records improved bauxite production and shipment through June quarter
Metro Mining reportedly ramped up its bauxite production and shipping from Bauxite Hills Mine in Far North Queensland through the June quarter. According to the report, the company reached the budgeted operating rates and generated consistent results on a daily basis. Metro experienced some...
Australian Bauxite Limited achieves third milestone at ALCORE
Australian Bauxite Limited (ABx) announced that its wholly-owned subsidiary ALCORE Limited has started chemical refining of ABx bauxite into aluminium fluoride (AlF3), an essential electrolyte ingredient in aluminium smelters. The company has commenced the removal of silicon and iron oxides to...
China’s bauxite import inches down 4.59% M-o-M in May 2019
After recording a month-on-month rise in April 2019, China’s bauxite import in May declined 4.59 per cent from April to come in at 9.71 million tonnes, according to China Customs data. In April 2019, China’s bauxite import was at 9.77 million tonnes after rising 24.5 per cent from a month ago. On a...
Scania delivers eight new high-end trucks to K&S Freighters for transporting alumina
Swedish manufacturer of commercial vehicles, Scania, has reportedly delivered eight new G 500 prime movers to K&S Freighters in Newcastle for transporting alumina or coke from the port to Tomago Aluminium smelter. The trucks will run around-the-clock for six days in a week, across two12-hour...
Rio Tinto temporarily suspends operations at its Gove bauxite mine for safety concerns
According to a recent report, the Anglo-Australian mining corporation, Rio Tinto, has temporarily suspended the operation at its Gove Operations bauxite mine last week after Electrical Trades Union (ETU) delegates discovered improper lighting condition at the ship loading facility. ETU Northern...
A00 aluminium ingot price registers a hike after four days; Australian alumina FOB down USD2/t
A00 aluminium ingot price recorded an increase of RMB 50 per tonne, after falling four days in a row. Ingot price stood at RMB13900 per tonne on Wednesday, 19 June 2019. The average prices are expected to range between RMB13880 per tonne and RMB13920 per tonne. Spot aluminium contract is likely to...
A00 aluminium ingot price records a drop; Australian alumina FOB continues downward trend
A00 aluminium ingot price again dropped to RMB 13970 per tonne on Friday, 14 June 2019. That was down RMB90 per tonne from yesterday. The average price is expected to range at RMB13950-13990 per tonne. Spot aluminium price is likely to be traded at a discount of RMB 10 per tonne to premium of RMB...
High cost electricity threatens future viability of Portland aluminium smelter
A major shareholder of the Portland aluminium smelter has reportedly revealed that the high cost of electricity is threatening the future viability of the plant. According to Alumina Limited managing director Mike Ferraro’s report to The Australian Financial Review , “Prices (for electricity) have...
Alcoa recognised as a silver tier employer in Australian Workplace Equity Index Awards
According to a recent report, Alcoa has bagged an award as a silver tier employer in the Australian Workplace Equity Index Awards (AWEI). Chairman and managing director Michael Parker said, “The aim was for every Alcoa employee to bring their whole selves to work and to feel included and valued for...
Metro Mining’s new director shows faith in company’s bauxite strategy
Metro Mining Limited’s new non-executive director Fiona Murdoch has reportedly demonstrated her faith in the company’s bauxite strategy while making a first purchase in the company of 150,000 ordinary shares on June 5 for the total value of $20,050. Murdoch has more than 28 years of experience in...
Australian PM insists the country is complying with terms of trade with the U.S.; aluminium tariffs are unlikely
Reacting to a report from The New York Times, claiming that Trump administration was advised on imposing tariffs on Australian steel and aluminium, Australian Prime Minister Scott Morrison said on Monday that the country has been complying with the terms of the trade deal with the U.S. It was...
Australian aluminium yet again safe from Donald Trump's tariff bullet
According to the New York Times report, some of the United States top trade advisers including Robert Lighthizer, the US trade representative, and Peter Navarro, the director of the White House Office of Trade and Manufacturing Policy, had urged the Trump administration to impose tariffs on...
Australian Bauxite supplies YTD 120,000 tonnes of bauxite to its customers
Australian Bauxite Limited’s Chairman Paul Lennon addressed shareholders at its 10th Annual General Meeting (AGM). Paul Lennon said that company has sold 120,000 tonnes of bauxite to date to its repeat customers. Australian Bauxite has supplied 110,000 tonnes of cement-grade bauxite and 10,000...
Bundaberg Port Authority to aide ABx to explore bauxite export opportunity in bulk tonnages
The Port Authority of Bundaberg will reportedly support Australian Bauxite Limited (ASX: ABx) in investigating the opportunity to export bauxite in bulk tonnages through the port itself. On May 29, the Port Authority and ABx signed a memorandum of understanding (MoU) that gives an access to the...
China’s alumina import to rise in coming months on tight local supply due to Xinfa refinery shutdown
China’s alumina import is estimated to rise in the coming months as the shutdown of Xinfa alumina refinery in early May could affect the local supply. Market sources said on Tuesday, May 28, that the amount of import may range between 60,000 tonnes to 160,000 tonnes. An Australian refinery source...
