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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Metro Mining on track to reach its 2018 loading target of 10,000 tonnes of bauxite per day
Metro Mining’s Bauxite Hills Mine which has shipped 62,000 tonnes of bauxite on May 7 to Xinfa Group in China, one of the country’s largest integrated aluminium companies is on track to load 10,000 tonnes of bauxite per day. The project is forecast to generate EBITDA of $2.5 billion. The Bauxite...
Queensland Resources Council welcomes export deal for Queensland bauxite
The Queensland Resources Council has welcomed a new four-year export deal secured for Queensland bauxite with one of China’s largest integrated aluminium companies. QRC Chief Executive Ian Macfarlane said the Queensland resources sector contributed $55 billion – or 78% – of Queensland’s $70 billion...
China's alumina export to see limited downward room as profits remain intact for the suppliers
We have recently covered a story on how Sanction against Rusal drove a quick surge in alumina export from China. China exported more than 300,000 tonnes of alumina as of May 4, since the profit window opened in April following the US sanctions against Rusal, SMM learned. The export started in...
Metro Mining shipped its first batch of 62,000 tonnes of bauxite to China’s Xinfa Group
Metro Mining Ltd has shipped its first batch of 62,000 tonnes of bauxite to China from its flagship Bauxite Hills Mine in northern Queensland, Australia. This was purchased by the Xinfa Group, one of China’s largest integrated aluminium companies with refining and smelting facilities in Shandong,...
China imports 20 million tonnes of bauxite during 3-months period 2018
China imported 20.4 million tonnes of bauxite in the first three months of 2018, an increase of 47 per cent year-on year. In March 2018, the country’s import of bauxite increased 44 per cent year-on year to 7.2 million tonnes, based on the import-export data released by General Customs. Data...
Metallica enters into a secured loan agreement with South West Pacific Bauxite
Metallica Minerals has entered into a secured loan agreement with South West Pacific Bauxite, 75% owner of Wagina bauxite project. The company will provide South West Pacific Bauxite with A$120,000 loan, in exchange for an option to carry out exclusive due diligence on the Wagina bauxite project in...
Bauxite Resources boosts its Ceres bauxite deposit while Mercantile extends its takeover offer
Mercantile OFM’s A11c per share proportional takeover offer for Bauxite Resources has been extended until May 21, while the company is fighting back, boosting its venture Ceres bauxite deposit in the Darling Range, Western Australia by 48%, a company press release confirmed. The exploration project...
Bauxite production likely to ramp-up globally in the next few years
As per the recent report by BMI research, bauxite production is likely to grow globally over the years owing to the estimated increasing production in India, upcoming projects lined up in Australia and Indonesia’s reappearance in the market following the end of the mineral ore export ban. The...
Metro Mining starts mining operations at Bauxite Hills Mine
Metro Mining has commenced mining operations at the Bauxite Hills Mine. Metro Mining Managing Director & CEO Simon Finnis said the Bauxite Hills Mine would feed the ever-growing seaborne bauxite market. Metro’s first shipment has been purchased by China’s Xinfa Group, one of the largest integrated...
Capral Aluminium extends support to trailer manufacturers
Capral Aluminium, the largest aluminium extruder in Melbourne, Australia, with a national footprint of five extrusion plants operating eight press lines, five powder coating lines, one anodising line and 7.2 hectare plot of land boasting three sprawling warehouses, earns a remarkable recognition in...
Altech Chemicals settle the purchase of Meckering mining lease freehold land
Altech Chemicals Limited has been aiming to become one of the world’s largest suppliers off 99.99 per cent (4N) high purity alumina (HPA), a high value, high margin and highly demanded chemical ingredient required for synthetic sapphire production. With that aim, it had exercised its options to...
Sanjeev Gupta's GFG Alliance to manufacture Formula 1-inspired EVs in India and Australia
Business tycoon Sanjeev Gupta's GFG Alliance, which has been on an acquisitions spree since 2013 including deals in Europe, the U.S. and Australia for steel mills, aluminium smelters, energy producers and auto- components manufacturers, will build EV plants as part of his venture into the auto...
Australia alumina gains over March after Alunorte production cut; China prices remain unaffected
While Hydro’s Alunorte alumina refinery operates at 50% of its capacity, the prices seem to be rising over the course of March. According to Metal Bulletin, spot alumina prices gained 27.8% over the course of March, with buyers forced to pay up for units in a tighter market. Metal Bulletin’s...
Australian Bauxite targets Indian market to optimize profits from their Binjour project
Australian Bauxite Limited, the Tasmanian miner reported a consolidated net profit of $170,000 in CY 2017, after a net loss of $160,000 in 2016. The chairman and former Labour state premier Paul Lennon says that the miner has potential to become a “significant corporation” and the venture is worth...
Brazil’s share of alumina export might drop in H12018 on 50% closure of Alunorte refinery
The closure of 50% operations in Hydro’s Alunorte Refinery recently will have a significant effect in the alumina market in 2018. Hydro’s Alunorte is the world's largest alumina refinery and is located in Pará, Brazil. On average, 14% of its production goes to the domestic market and the other 86 %...
Metro Mining to commence Bauxite Hills operations during week of April 9
Bauxite mining operations, which was delayed by up to one week due to arrival of Tropical Cyclone Nora, is now scheduled to commence the week of 9 April 2018. It is not expected that this delay will have any impact on the 2018 production target, Metro Mining updated. The company said that there...
US imports of alumina jump 17% YoY in 2017; exports drop 64% on the back of refinery closure
According to the latest USGS release on Bauxite and Alumina in the Fourth Quarter 2017 ; imports of alumina by the U.S. in the fourth quarter of 2017 stood at 355,000 tonnes. The volume was 3% less than the amount of 364,000 tonnes imported in the third quarter of 2017 and 34% more than that in the...
Australia Bauxite Ltd reports progress on ALCORE bauxite mining project
According to the report, Tasmanian miner, Australia Bauxite Ltd has pulled up its socks to inaugurate its bauxite refining project ALCORE, at Bald Hill near Campbell Town. The work is progressing in full swing and is expected to supersize the miner’s profits from bauxite once established. Chief...
