What happens when the world’s biggest bauxite supplier produces too much of the one commodity it dominates? Guinea’s bauxite market is offering a striking answer. Record exports have strengthened its position in global trade, but the surge in supply has also pushed prices lower. Australia,...
Iron ore remains Rio Tinto's financial anchor, but growing exposure to aluminium, copper and lithium is changing how investors assess the diversified miner. Rio Tinto is attracting renewed attention among UK-listed metals and mining stocks as its expanding commodity mix creates a valuation picture...
Grow with
AL Circle
A further decision on the future of the Tiwai Point aluminium smelter will be announced to staff in four to six weeks, as stated by Forsyth Barr, a New Zealand owned investment management services firm. The Tiwai aluminium smelter’s majority stakeholder, Rio Tinto, announced in June’20 that it...
The closedown of Rio Tinto’s Tiwai Point Aluminium smelter in New Zealand won’t create any deep impact on the prospects of local manufacturers that count on aluminium to manufacture products. This has been reported by the two popular firms in the industry Ullrich Aluminium and Stabicraft Aluminium...
Basil Walker, a Queenstown entrepreneur stated that he is standing as an independent candidate in the Invercargill electorate at the September’20 general election on a platform of trying to save the Tiwai aluminium smelter from closing. Walker said: “The main issue facing the smelter was the high...
Rio Tinto reported results for the first half of 2020. The company reported underlying EBITDA of $9.6 billion, 6% lower than 2019 first half, primarily due to lower prices for aluminium and copper, with EBITDA margin of 47%. Net earnings stood at $3.3 billion. That was down 20% from $4.1 billion in...
A rapid-paced energy transition through an uninterrupted shift to electric vehicles has designed a new, significant demand stream for aluminium and vital opportunities for auto supply chain organisations. Steel being cheaper has been the initial choice; however, aluminium consumption in electric...
Rio Tinto announced that it has submitted a formal complaint to the Icelandic Competition Authority (ICA) alleging abuse of market dominance by energy supplier Landsvirkjun to the company’s ISAL aluminium smelter in Iceland. The company is asking the ICA to address anti-competitive conduct by...
Rio Tinto’s alumina production for the second quarter of 2020 was six per cent higher than the than the same period of 2019. This was due to higher production levels in the Pacific refineries with Yarwun delivering a half year production record. On a quarter-on-quarter comparison, output registered...
Rio Tinto’s second quarter bauxite production stood at 14.6 million tonnes, 9% higher than the second quarter of 2019 and 5% higher than the first quarter of 2020. “Production at managed operations increased by 9% underpinned by the Amrun mine, whilst production at the non-managed CBG joint venture...
Rio Tinto announced production results for the second quarter of 2020. Aluminium production stood at 0.8 million tonnes, 2% lower than the second quarter of 2019 (flat on the prior quarter), primarily due to pot relining at Kitimat, the decision to operate the ISAL smelter in Iceland at 85% of its...
Deputy Prime Minister of New Zealand Winston Peters is determined to continue fighting for the Tiwai Point aluminium smelter. He said in a meeting on Thursday morning, “I began saying this in 2011 and I’m saying it now stronger than ever that this enterprise has got to be saved.” He has been...
New Zealand’s political party Social Credit has called the government to intervene and acquire Rio Tinto’s Tiwai Point aluminium smelter and convert it to a State-Owned Enterprise (SOE), issuing non-tradable shares to every New Zealand citizen. Social Credit Party has also advised that Govt. should...
The moment Tiwai Point aluminium smelter shutdown news got publicized, ideas cropped up from manufacturing of Solar Panels to attracting Elon Musk to erect a massive Tesla battery Gigafactory. On 9 th July’20, Rio Tinto announced its planning for the eventual closure of New Zealand Aluminium...
McConnell Dowell has signed a design and construction contract with Queensland Alumina (QAL). The construction company’s relationship with major shareholder Rio Tinto has remained vital. The construction company will be accountable for the delivery of a waste line replacement at QAL’s Parsons Point...
Rio Tinto will start planning for the wind-down of operations and the eventual closure of New Zealand Aluminium Smelters (NZAS) following the conclusion of its strategic review which has shown the business is no longer viable given high energy costs and a challenging outlook for the Aluminum...
The Environmental Defence Society has reportedly filed Declaration Proceedings in the Environment Court today, July 6, against New Zealand Aluminium Smelters Limited concerning the storage of over 10,000 tonnes of ouvea premix at sites on Kana Street, Mataura, Southland. New Zealand Aluminium...
The Tiwai Point aluminium smelter with 800 employees near Bluff in New Zealand might have to hold up for a year to find out whether their jobs are safeguarded as the combat over its power bill continues. The Electricity Authority of New Zealand last week covered the way for the smelter to apply for...
New Zealand has claimed to be one of the nations who are COVID-19 free, whereas the whole world is in turmoil. The airlines had already started to fly again; schools are going to open by next week only. Tim Shadbolt, Mayor of Invercargill said: “But we should never be complacent. The battle to...
Rio Tinto is on its way to slash aluminium production by 8000 tonnes at the Jonquière complex. At this time, less than 20 pots have been closed for maintenance and did not get restarted. The plan is not to restart pots that need maintenance up to a maximum of approximately 100 pots at Arvida. Rio...
