Alcoa prices $2.6b senior notes for South32 bauxite, alumina and aluminium deal
Alcoa Corporation has set the price for a USD 2.6 billion senior notes offering to help finance the cash consideration for its proposed acquisition of South32’s bauxite, alumina, and aluminium assets . Along with the cash on hand, this debt is expected to provide permanent funding for the...
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...
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Bell Bay Aluminium smelter marks highs and lows after six decades of operation
One of Tasmania's largest manufacturing employers says it has adapted to tough economic conditions to celebrate 60 years of operation. Bell Bay Aluminium smelter is the oldest in the Southern Hemisphere and was built in 1955, when importing aluminium became difficult. It was bought by Rio Tinto...
Success Aluminium collapses into voluntary administration
Success Aluminium, a manufacturer and supplier of aluminium products and systems with an estimated annual turnover of $39.4 million has collapsed into voluntary administration. The company has been operating for more than 30 years and employs 34 staff across its operations in New South Wales,...
Anglesea community groups share in Alcoa grants
Alcoa yesterday announced $225,000 in grants to its long term community partners in Anglesea to help them transition to a future without Alcoa. Outgoing President Alcoa Refining and Managing Director, Alcoa of Australia, Mr Alan Cransberg, announced the grants to 14 local Anglesea organisations at...
South32’s full-year earnings jump 41% on aluminum, alumina
South32 Ltd., the miner spun out of BHP Billiton Ltd. in May, said full-year earnings rose 41 percent helped by its aluminum and alumina operations. Underlying earnings were $575 million in the year ended June 30, compared to a proforma $407 million a year earlier, the Perth-based miner said in a...
Alumina stock rating upgraded by Macquarie
Macquarie upgraded shares of Alumina (AWC) from a neutral rating to an outperform rating in a research note issued to investors on Wednesday morning, Analyst Ratings Net reports. Several other analysts also recently weighed in on AWC. Credit Suisse reiterated a neutral rating on shares of Alumina...
ATDC launches new aluminium scissor doors and gates
The Australian Trellis Door Company (ATDC) announces the release of an extensive range of world-class aluminium scissor doors and gates delivering immense strength, stylish design and excellent corrosion resistance. Suitable for securing residential, commercial and industrial premises including...
Sims Metal Management earnings up in fiscal 2015
Australia’s Sims Metal Management (SMM), one of the world’s largest recycling companie, has reported lower revenue but increased profits in its annual financial report for its fiscal year, which ended June 30, 2015. In a presentation delivered Aug. 21 and posted on the company’s website, the...
Anglesea station powers down
Last night Alcoa powered down the Anglesea Power Station for the final time, after 46 years of operation. At 8:48pm, long term employees joined Power Station supervisor Bryce Hutton to shut down the station’s boiler, which produces steam to drive the turbine and produce power. “We were planning to...
Glencore to proceed with bauxite mining project in Aurukun, Cape York
The Minister for Natural Resources and Mines, Anthony Lynham has confirmed the competitive bid process to mine a bauxite lease in Aurukun will not be reopened. Dr. Lynham told at an open community meeting of about 30 people in the Cape York community on Saturday the Swiss company Glencore would...
Alumina Ltd mulls bauxite export; terms Malaysia’s supply strategy “unsustainable”
Australian mining and metal major Alumina termed Malaysia’s sudden emergence as bauxite exporter in the global market as unsustainable. Alumina and Alcoa have long been jointly engaged in bauxite mining operations. Their prime objective was to convert the ore into aluminium products. However, with...
Australian companies keen to invest in Iran’s mining projects
Australian companies are eager to make investment in Iran’s mining projects, according to Gerard Seeber, the senior trade commissioner for the Middle East and North Africa (MENA) region in the Australian Trade Commission (Austrade). The commissioner of Austrade, which is the Australian Government’s...
Alumina Ltd returns to profit in first half 2015
Alumina Limited (AWC), the leading Australian mineral and metals company, has swung to profit in the half-year to the end of June, and expects to see solid margins in the second half as favourable exchange rates lead to lower production costs. Alumina (AWC) today posted a net profit after tax of...
Altech Chemicals receives initial substantial shareholding notice
Altech Chemicals has received a substantial shareholder notice from Malaysian cornerstone investor Melewar IIC Limited after acquiring a 7% interest in a placement. Melewar, a diversified industrial firm with steel, energy and engineering businesses, acquired 8,474,576 shares priced at $0.059 as...
Altech Chemicals focuses on low-cost High Purity Alumina production
Altech Chemicals is positioned to transition into a leading producer of 99.99% (4N) High Purity Alumina (HPA) at a low cost. The company's focus is to produce HPA directly from kaolin clay which will be sourced from the company’s 100% owned kaolin deposit at Meckering, Western Australia. Around 70%...
Rio Tinto to decide on $1.45bn Weipa mine by 2015 end
A decision on the $1.45 billion South of Embley bauxite project at Weipa is to be made by the end of the year 2015, confirmed officials at Rio Tinto. Despite Rio Tinto reporting a first half year net profit slumping 43 per cent to $3.98 billion as falling iron ore, coal, copper and aluminium prices...
Rio Tinto offers Australian miners free laser tech for high quality bauxite
Global mining giant Rio Tinto plans to share their non-confidential laser mineral analysis technology free of cost with the upcoming exploration companies in Australia to facilitate the discovery of high quality mineral reserves in the country. The technology was developed by geoscientists at the...
Global bauxite reserves stand at 28.1bnt as of January 2015
Global bauxite reserves were estimated to be 28.1 billion tonnes (bnt) as of January 2015. The production rose on the back of buoyant demand for aluminium in the global market place. In 2014, production of bauxite was 263 million tonnes (mt), down by 3.7 per cent from same period previous year. A...
Indigenous initiatives fill void left after Rio Tinto's exit from Nhulunbuy
Indigenous businesses in north-east Arnhem Land are finding opportunities in the void left by the loss of Rio Tinto's alumina refinery, which was once the largest employer in the town of Nhulunbuy. Rio Tinto closed the Gove alumina refinery last year. Since then, economic development has been a...
