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 readies export logistics at growing bauxite project
Metro Mining has further de-risked its developing export business profile by entering into a deal for the provision of transhipment services relating to the Bauxite Hills project in Queensland. The agreement with Bauxite Transhipment Services (BTS) will allow Metro to minimise capital expenditure...
Pacific Aluminium sackings spark new maritime row
The political fight over the government’s coastal shipping rules has deepened with the maritime union protesting against Pacific Aluminium’s decision to sack the 16 crew on one of its ships and use foreign workers on its Newcastle-Gladstone route. In a potential flashpoint likely to infuriate key...
Asia Alumina: Australia firms $1.50/mt to $204.50/mt as longs contract
Platts Australian alumina daily assessment at $204.50/mt FOB gained $1.50/mt from Monday, January 22nd, as the market continued to gravitate from a long to a more balanced position. Global refining cuts in response to poor margins, and recent consumer restocking and dip buying have put a floor...
China aluminium imports declined 43% and exports slid 68% y-o-y during Jan-Dec 2015
Chinese aluminium imports in December 2015 was estimated at 4,478 mt, an increase of 141.13 per cent year-on-year, revealed data published by General Administration of Customs, China on January 26. This is in contrast with the annual primary aluminium import data which showed 42.86 per cent...
Metro Mining sees major profit hike in doubling bauxite plans
Metro Mining released results of a Pre-feasibility Study showing considerable benefits in increased production under an Environment Impact Statement process. Late last year the State Government requested Metro undertake an Environment Impact Statement - rather than the less onerous Environmental...
South32 puts focus on balance sheet
BHP spin-off South32 has slashed its debt and sharply cut costs as it races to stay ahead of weaker earnings amid a slump in commodities prices. The company on Thursday posted drops in production across most of its businesses for the December quarter. South32 has already cut or suspended production...
Metro Mining secures native title and land access agreement
Metro Mining has finalised a significant life-of-mine Native Title and Land Access Agreement for its Bauxite Hills project, north of Weipa. In a release to the Australian Stock Exchange today, Metro Mining says the agreement, reached jointly with the Ankamuthi People, and the Old Mapoon Aboriginal...
Rio Tinto posts production growth despite alumina price slump
Global mining behemoth Rio Tinto reported growth in production in its alumina operations in FY 2015. Alumina production from the company's QAL and Yarwun plants in 2015 totalled 6.61 million tonnes (mt), an increase of 355,000 tonnes from the 2014 total of 6.256 mt. The QAL plant produced 3.747 mt,...
Rio Tinto releases solid fourth quarter production results
Rio Tinto released solid fourth quarter production results despite the challenging market conditions. Rio Tinto chief executive Sam Walsh said Rio Tinto remained focused on operating and commercial excellence against the industry's "challenging market backdrop". "In 2015, we delivered efficient...
Australian bauxite aspirants struggle for traction amid bauxite boom
Mining development companies which are aspiring to make it big in the Australian bauxite market are struggling for traction despite Chinese imports of the aluminium ingredient rising 45 per cent in 2015. While industry giants like Alcoa and Rio Tinto are increasing their exposure to bauxite, the...
MD Simon Finnis updates on Metro's bauxite mining plans
Metro Mining MD Simon Finnis in a recent interview gave a detailed update on his company's upcoming bauxite mining development projects. According to the interview excerpts, Metro Mining increased its Cape York Direct Shipping Ore (DSO) bauxite resource base to 65.3 million tonnes. An 11.7 million...
Tasmanian bauxite mine suspends production after first shipment stalls
A new bauxite mine at Campbell Town in northern Tasmania has gone into care and maintenance after it failed to secure a buyer for its first shipment. Australian Bauxite began mining at Bald Hill early last year, in what is understood to be the country's first new bauxite quarry in 35 years. The...
"Adoption of carbon tax has to be a global response," says Rusal’s Deripaska
Oleg Deripaska, president of the world’s biggest aluminium manufacturing group Rusal, says the outcome of the Paris Climate Summit late last year was nothing more than an agreement for 196 countries to “kick the can down the road a few decades’’. He writes that for a summit notionally about...
Alumina shares peak on global production cuts
Alumina shares rose the most in almost seven years after Citigroup upgraded the stock, citing expectations that global production cuts can drive a recovery in prices. The Melbourne-based producer, partner of Alcoa in the world's largest alumina producer, rose as much as 13 per cent in Sydney, the...
AWAC-Alcoa JV partner Alumina's margins hit by price rout
Australian company Alumina, the junior partner in the AWAC joint venture with Alcoa, said lower alumina and aluminium prices and unfavourable currency movements had negatively impacted margins during the final quarter of last year. The comments came as Alcoa, the first major US company to report...
Alumina plants in WA spared production cuts
The three alumina refineries in Western Australia’s southwest operated by the Alcoa and Alumina-operated AWAC joint venture have been spared in the latest production cuts made by AWAC in response to the crash in prices. The 60:40 per cent-owned AWAC joint venture operates the Kwinana, Pinjarra and...
Alcoa refineries safe from WA bushfire
Metals giant Alcoa says its West Australian alumina refining operations have not been affected by the Waroona bushfire. However, its Alcoa Farmlands business has sustained some damage as a result of the fire. The Farmlands offices, comprising two buildings, south of Hamel, have been destroyed and...
January aluminium price forecast: Australian miners thrilled with turnaround
With the sudden rise in aluminium prices just last week, miners across the world are rejoicing, including in Australia where the outlook is expected to improve. According to a report from the International Business Times, an increase in US consumer spending has boosted investors’ hopes of a...
