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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Capral eyes for partnerships with Asian aluminium extrusion manufacturers
Australia-based aluminium extrusion producer Capral is reportedly eyeing to develop partnerships with Chinese and Southeast Asian fabricators and extrusion manufacturers, as aluminium is becoming a common choice for Asian architects to construct modern and sublime homes and buildings. Capral is the...
Rio Tinto’s Amrun bauxite mine recognised at QRC 2019 Indigenous Awards
Rio Tinto’s Amrun bauxite mine was announced winner of the ‘Best Company Indigenous Procurement Initiative Award’ at the Queensland Resources Council (QRC) Indigenous Awards in Brisbane on Monday. The $2.6 billion Amrun recently transitioned from a construction project to a fully operational...
SRG Global secures asset services contract with South32 Worsley Alumina
SRG Global has secured an asset services contract with South32 Worsley Alumina in Western Australia. Under the contract, SRG Global will provide engineered access solutions for the Worsley Alumina operation, including scaffold services and rope access technicians. Work will start in June 2019 for...
China’s bauxite imports up 25% MoM and 68% YoY in April; Guinea remains the top supplier
According to the latest data from China Customs, China’s imports of bauxite increased 24.5 per cent from a month ago to stand at 9.77 million tonnes in April 2019. Bauxite imports in April rose 68.2 per cent from the same period previous year. China’s bauxite import registered 35.9 per cent growth...
Queensland woman recycling containers to fund her wedding
A Queensland woman recycling containers to raise money for her dream destination wedding has taken the internet by storm. Leonie Starr from the Sunshine Coast has already reportedly recycled 51,455 containers at the TOMRA Recycling Centre in last five months, while she needs to recycle about...
A00 aluminium ingot price registers an increase after five days; Australian alumina FOB down USD3/t
A00 aluminium ingot price registers an increase after five days of fall. Ingot price on Friday, 24 May 2019 increased from RMB14160 per tonne to RMB14230 per tonne. This marks a growth of RMB70 per tonne or 0.49 per cent. The average price is expected to range at RMB14210-14250 per tonne today....
Alumina Limited warns shareholders of a less lucrative year ahead on lower alumina prices and growth spending
Alumina Limited warned its shareholders that the company is getting into a period of increased spending on growth which might affect shareholder returns in the coming years. The warning came after Alunorte had resumed production with the lifting of the embargo. The company management told its...
Taylor Bros constructing two aluminium heavy-lift barges for Australia’s RSV Nuyina
Hobart ship-building company Taylor Bros is currently constructing two 16.3 metre-long and 6.2 metre-wide aluminium ‘heavy-lift’ barges for Australia’s Antartic flagship RSV Nuyina. These two barges and a fleet of small watercraft will reportedly support RSV Nuyina when the icebreaker voyages...
A00 aluminium ingot price drops across major China markets; Australian alumina FOB price up by RMB18/t
A00 aluminium ingot price records two back-to-back downfalls on Monday, 20 May 2019. The ingot price stood at RMB 14280 per tonne on May 20, down RMB 60 per tonne or 0.42 per cent from RMB 14340 per tonne on May 17. The price is expected to range within RMB14260-14320 per tonne today. Foshan...
Austal shares updates on its current operations and full-year revenue guidance
The world’s largest aluminium shipbuilder Austal Limited (ASX: ASB) has reportedly released its New Zealand investor presentation where it provided updates on operations and full-year revenue guidance. Currently, the Australian shipbuilder is working on new age technologies such as improving fuel...
Australia’s aluminium foil import to drop in 2019 after three consecutive years of rising
Aluminium’s unique ranges of properties make it the perfect material for many packaging requirements. Approximately 75% of aluminium foil is used for the packaging of foods, cosmetics, and chemical products, and 25% used for industrial applications such as thermal insulation, cables, and...
Rio Tinto's Amrun project to drive Australia's growth as the leading global bauxite supplier in the coming decade
According to the latest report from Consultancy group Fitch Solutions, Australia is set to drive growth in the global bauxite sector, currently holding 12 of the 29 new bauxite projects. Rio Tinto’s Amrun project is expected to drive Australia’s global bauxite business. “While bauxite accounts for...
Australia, Guinea & Indonesia to lead bauxite mining till 2029: Source says
Global bauxite production is expected to rebound this year with new projects coming up in Guinea and Australia and with some expansions across India and Indonesia. Consultancy group Fitch Solutions notes that Australia is currently holding 12 of the 29 new bauxite projects, which is more than any...
Alcoa seeks to increase nameplate capacity of Pinjarra alumina refinery
The US-based world’s eighth largest aluminium producer Alcoa is reportedly planning to increase the nameplate capacity of its biggest alumina refinery at Pinjarra by almost 20 per cent. Per the report, the company has written an application to the Environmental Protection Authority seeking for an...
ABx confirms production and shipment of 32,447 tonnes of cement-grade bauxite
On May 8, 2019, Australian Bauxite Limited (ASX:ABx) confirmed that it produced and loaded 32,447 tonnes of cement-grade bauxite onto the customer’s ship at Bell Bay Port. This was in the upper range of the contracted tonnage target of 30,000 to 33,000 of cement bauxite grade which ABX had achieved...
BRP enters into an agreement to acquire aluminium boat manufacturer Telwater
BRP has entered into a definitive agreement to acquire a majority stake in Australia's leading manufacturer of aluminium boats. BRP will acquire 80% of the outstanding shares of Telwater Pty, Ltd for an undisclosed amount. Following the closing of the acquisition, Paul Phelan, Telwater's current...
Metallica Minerals conducting investigation into barge loading facility to enable bauxite export from Urquhart Project
The Australia-based minerals exploration company Metallica Minerals Limited (ASX: MLM) announces that it has undertaken an investigation along with its joint venture partner into access arrangements for a barge loading facility (BLF) to allow exporting bauxite from the Urquhart Bauxite Project. The...
SilverYachts unveils a new eco-friendly, aluminium superyacht SpaceCat
Australian yacht builder SilverYachts has reportedly unveiled a new line from its aluminium superyachts portfolio at Singapore Yacht Show 2019. Named SpaceCat and designed by long term SilverYachts collaborator Espen Øino, the new vessel is 35.5-metre long power catamaran. The vessel is...
