85% recycled aluminium: Recorp raises the bar for sustainable beverage cans
Aluminium cans are under the spotlight among consumers and beverage manufacturers looking for more recyclable packaging, with the material already holding a strong circularity position against plastic and glass. Recorp tunes it further with ReCan85, an aluminium beverage can containing 85 per cent...
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...
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LME aluminium has started the weak slightly higher on supply uncertainties; SHFE remains flat
The US dollar rose last Friday against all major currencies and closed 0.33% higher at 95.43. Base metals closed mixed. LME aluminium rose to a high of US$2,080 per tonne after settling flat on Friday as workers extended their strike at Alcoa's alumina operations in Western Australia. With pressure...
Workers at Alcoa's Western Australian refineries vote against new proposed agreement
Workers at Alcoa’s Western Australia have voted to reject a new workplace agreement and continue their strike, according to Reuters reports. The Australian Workers Union (AWU) today said 80 percent of workers had voted against company’s new workplace agreement as it offered zero job security....
Japan’s aluminium import to grow Y-o-Y in 2018; Russia to be the top exporter
According to the aluminium trading data, Japan ranked as the fourth largest aluminium importing country in 2017 after the United State, Germany, and Netherlands, accounting for 8.3 percent of the world’s total share of aluminium imports. The world total aluminium imports in the same year had...
STAS completes acquisition of technologies from o.d.t. Engineering
STAS has announced through a press release that it has purchased technologies from o.d.t. Engineering PTY. LTD finalized in April 2018. O.d.t. Engineering is a family owned Australian company specialized in the design and supply of casting and material handling equipment and production consumables...
South32 uses new robot technology for safe inspection at Worsley alumina operation
The Australia-based metals and mining company South32 is reportedly using a new robot, the BIKE platform, to execute safety checks at its Worsley alumina operation, the world’s largest alumina project comprised of a bauxite mine near the town of Boddington and an Alumina refinery near Worsley. The...
Higher demand and price for alumina and manganese lifted South32 annual profit by 16%
South32 and Alumina Ltd. have announced strong financial performances yesterday predominantly due to their alumina operations. After Alumina Limited reported doubling of profits in H1 2018, South32 posted a 16 per cent rise in its annual underlying earnings on Thursday, as healthy demand for...
1400 Alcoa workers unanimously voted for indefinite strike at bauxite mines
According to the latest report on August 18, around 1400 workers have voted almost unanimously in favour of an indefinite strike that started last week for 20 months of negotiation. Workers from the Huntley and Willowdale bauxite mines, Bunbury Port, and the Kwinana, Pinjarra and Wagerup refineries...
Metallica Minerals and other emerging Australian miners focusing on China for new bauxite deals
CM Group projected Chinese demand for bauxite to increase by 65-70 million tonnes a year over the next five to seven years. It will be driven primarily by upcoming new alumina refining capacity, about 60 per cent of whose demand will be met by imported bauxite. Metro Mining has recently entered...
Global bauxite production to grow: Fitch Solutions
Fitch Solutions Macro Research just published an update to a previous study looking at the global bauxite market. In the most recent version of the document, the firm states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia...
Metro Mining secures offtake agreements with its Chinese partners for its Bauxite Hills productions
Metro Mining has secured and signed further bauxite offtake agreements with its Chinese partners for the supply of its 2018-2019 production from its Bauxite Hills operation in Far North Queensland. After securing the two new agreements, about 90% of Metro’s planned 2018 production is sold or...
Alcoa's West Australia alumina refinery workers walk out over labour agreement
Alcoa workers in Western Australia alumina refineries have walked out indefinitely over an enterprise agreement dispute with the aluminium maker, the Australian Workers’ Union (AWU) said on Wednesday. The strike comes after Alcoa applied to Australia’s workplace regulator to terminate its current...
LME aluminium surges on trade war worries and disruption at Pinjarra alumina refinery; buoys SHFE counterpart
The dollar index slipped 0.07% to 95.098 overnight, while the pound dropped to its lowest level in almost a year on Wednesday. LME aluminium surged and closed at US$2,116.5 per tonne on Wednesday night after closing the day’s trading at US$ 2022 per tonne. The market was buoyed by the news of...
Analysts project volatility in aluminium market throughout 2018
Spot alumina price saw some unprecedented highs in 2018 first half and doubled to over $700 per tonne as the market showed panic reaction to U.S. sanctions on Oleg Deripaska and Rusal entities in April. The supply scenario was disrupted by two major happenings. First, the fifty per cent capacity...
Higher bauxite sales volume drives Rio Tinto's underlying EBITDA for aluminium business in H1 2018
Rio Tinto has released its H1 2018 financial results on August 1, 2018. The Aluminium group’s underlying EBITDA increased by ten per cent compared with H1 2017, driven significantly by higher bauxite volumes and stronger pricing. Rio Tinto’s H1 bauxite production of 25.9 million tonnes was up 7%...
Metro Mining generated A$ 25.2m revenue for Q2 2018 and recorded its first monthly profit in June
Metro Mining releases its June Quarterly activity Report. The Bauxite Hills Mine was successfully commissioned during the June quarter. The company reported a bauxite sales of 399kt generating A$25.2m of revenue for the quarter and recorded its first monthly profit in June. Six Ocean Going Vessels...
BRL's June quarter report confirms closing of takeover bid by Mercantile OFM and ongoing exploration activities
Bauxite Resources Limited has published its June 2018 Quarterly Activities and Cashflow report with updates on its exploration activities, takeover bid and cash flows. The report confirms that that proposed proportional off-market takeover bid of BRL by Mercantile OFM Pty Ltd closed on 30 June...
Rio rejoices over achieving Chain of Custody Certification from Aluminium Stewardship Initiative
Another feather of glory adds to the hat of Rio Tinto as it stands as the first company in the entire aluminium value chain to receive the Chain of Custody Certification from Aluminium Stewardship Initiative (ASI). This means Rio is now the only officially qualified company to sell aluminium with...
Australian Bauxite’s Alcore project receives funding for Stage 1
Australian Bauxite on Tuesday, July 24, reported that its subsidiary ALCORE received the minimum funding to start Stage 1 of the project. Site construction works started in July at the pre-approved pilot plant site in New South Wales, as per the plan, for the production of aluminium fluoride...
