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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Construction starts on Mining Training Centre for the Yolgnu people
A new Mining Training Centre being developed for the Yolngu people of northeast Arnhem Land with $2.4 million in support from Rio Tinto will have the capacity to train up to 24 people at a time. Construction of the new Centre is set to start on the Dhupuma Plateau site, where accommodation and a...
Severe frost delays bauxite shipment from Tasmania's new mine
Operations in Bald Hill mine, Australian Bauxite's newest aluminium ore mine near Campbell Town, Tasmania are being hit badly by severe frosts that have been bringing temperatures below average over the last couple of months. Workers are facing difficulty coping with the unexpected ice. This has...
Alumina Limited downgraded by Goldman Sachs to sell
Goldman Sachs cut shares of Alumina Limited from a neutral rating to a sell rating in a research report sent to investors on Tuesday morning. Goldman Sachs has also modified their ratings on a number of other stocks in the few days. The firm lowered its price target on shares of Lloyds Banking...
South32 targets dividend next year
BHP Billiton owned South32 anticipates declaring a dividend at the end of next year.This was revealed in the company’s third quarterly report, which it issued to shareholders yesterday. In the statement, South32 notes it has hit four annual production records including saleable alumina at Brazil...
South32 Worsley Alumina selects MAXAM as their solutions provider for Boddington Mine
As part of a global tender for services and products, MAXAM Civil Explosives’ has been selected for 3 years as Worsley’s explosives and solutions provider at the Boddington Bauxite Mine situated in the south-west region of Australia. The South32 Worsley Alumina asset consists of the bauxite mine...
Altech Chemicals on development path for High Purity Alumina project
Altech Chemicals (ASX:ATC) is currently in the process of permitting, securing off-take interest and project financing for its High Purity Alumina (HPA) project. This is targeted towards breaking ground for project construction in the first quarter of 2016. In June, the company completed three...
ZTE announces the Blade D6 with high-grade aluminum alloy body
ZTE apparently wasn't done announcing smartphones this week after yesterday's unveiling of the Axon. While that particular model is destined exclusively for the US market, at least for now, the new Blade D6 will get a more international launch. Traditionally ZTE has used the Blade sub-brand for...
Queensland Bauxite aims for early mining at South Johnstone project
Queensland Bauxite is progressing its plans for its South Johnstone DSO Bauxite Project in northern Queensland to begin production of bauxite later this year. The recently completed drilling program is waiting on drill results to upgrade the current quantity of Indicated Resource and define a...
Metro Mining raises $5.6m with mining operations in sight
Metro Mining Ltd has announced a Capital Raising of $5.6M, comprising a fully underwritten Shareholder Rights issue aimed at raising $3.6 million, which follows a successful Placement which has raised $2M. Argonaut and GMP Securities acted as joint lead managers to the Capital Raising. As a result...
Metro Mining in halt to announce fundraising initiatives
Metro Mining is developing its Bauxite Hills Project at Cape York, Queensland, that could start direct shipping ore production by the end of 2016. The company is now in an ASX trading halt in connection with its fundraising initiatives. This will last until the earlier of the announcement being...
New aluminium-hulled rescue vessel for Northern Sydney
A New $470,000 offshore rescue vessel has arrived at the Marine Rescue Cottage Point unit, boosting the emergency capability of Marine Rescue NSW volunteers on Northern Sydney waters. MR Cottage Point Unit Commander Paul Millar said members have been out in force to inspect the keenly-anticipated...
AWAC considering bauxite shipments after Indonesian ban
The AWAC global alumina alliance of Alcoa and the ASX--listed Alumina is exploring the potential to ship bauxite from its Western Australia operations to fill the supply hole caused by Indonesia’s ban on exports of the alumina raw material. AWAC and its predecessors have been producing bauxite for...
Alumina Ltd benefits from Alcoa boost
Australian company Alumina Ltd says it received $US71 million in income in the first half, while its joint venture partner Alcoa has announced a small quarterly earnings boost. Alumina is a 40 per cent partner in the global aluminium giant's Australian interests and its chief executive Peter Wasow...
Alcoa leader named as one of Australia’s Top 100 Most Influential Engineers
Alan Cransberg, President of Alcoa Refining and Chairman and Managing Director of Alcoa of Australia, has been named by Engineers Australia for the eighth time in Australia’s Top 100 Most Influential Engineers. Mr Cransberg manages the company’s global alumina refining assets, based in Australia,...
Altech commences permitting for Meckering
Altech Chemicals Limited is pleased to announce that it has submitted a project application with the Western Australian Department of Environment Regulation (DER) as part of the permitting requirements for its proposed aluminous clay (kaolin) mine and associated beneficiation plant, at Meckering,...
Altech Chemicals MD Iggy Tan to present at Proactive's Sydney, Melbourne Luncheons
Altech Chemicals is securing required equity and debt funding to advance its High Purity Alumina (HPA) project towards final design and development. This follows completion of the Bankable Feasibility Study that demonstrated that the project offers a real alternative to current Chinese and Japanese...
Sydney firm launches wallet crafted from aircraft-grade aluminium
Today, Sydney based designer wallet company dosh launches Alloy, a premium precision-machined aluminium wallet that will enthral lovers of refined design. The Alloy money clip wallet is made from the finest materials including anodised aircraft-grade aluminium, stainless steel and high end...
South32 shares take a beating as commodity prices drop
Shares in South32, the diversified miner spun out of BHP Billiton, have dropped 17.3% in the past six weeks as the prices of its key commodities have weakened. The shares were trading at R16.74 on Wednesday compared with their close of R20.24 on the first day that South32 became a separate entity....
