US imported 11.5x more primary aluminium from Canada than it exported in semi-fabricated form in H1 2026 - know why
At the US-Canada border, aluminium is constantly on the move, but the direction of trade is far from balanced. In the first six months of 2026, the US imported 907,581.44 tonnes of primary aluminium from Canada, while exporting only 78,886.12 tonnes of semi-fabricated aluminium products such as...
Australian bauxite forecast at $39/t vs Guinea at $34-46/t: How ore quality, freight and oversupply are shaping prices
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,...
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Rio Tinto to cut manpower at central Queensland mine
Rio Tinto says jobs will go at a central Queensland mine as the company battles falling coal prices. The mining giant says it is looking at ways to reduce its costs at its Clermont Coal Mine, west of Mackay, to improve competitiveness as the price of thermal coal drops. "A review is underway and...
Indian Aluminium biggies avoid output cut depite the present global trend
Despite the benchmark aluminium price on the London Metal Exchange (LME) falling below cost of production, metal producers in India are avoiding output cut at least for the current fiscal amid hope of revival in its price in the second half of the year. This is important in view of the global...
Rio Tinto's alumina production up 8%
Rio Tinto's coal and aluminium projects in Queensland are bouncing back, even as the Olympic sponsor keeps a close eye on three uncertain frontiers. In its quarterly report released on Tuesday afternoon and covering April, May and June, Rio Tinto Alcan found its alumina production up 8% compared to...
Rio Tinto to increase production of iron ore, copper, bauxite and alumina
Diversified giant Rio Tinto has reported production increases for its iron-ore, copper, bauxite and alumina and coking coal operations during the second quarter ended June. He noted that the quarter under review was influenced by the global economic conditions, and market sentiment, which dropped...
Newman to help Rio by cutting red, green tape
Rio Tinto Ltd's $1.4 billion South of Embley bauxite mine in Cape York will be helped along by a change in the laws, Queensland Premier Campbell Newman has said, according to The Australian Financial Review. Mr Newman said he would streamline red and green tape for mining laws in Queensland, but...
Rio Tinto mine in Australia gives higher returns
Energy Resources of Australia's Ranger mine in the Northern Territory returned to higher levels in the absence of the extreme rain events that dogged the operation in 2011. But as previously advised by ERA, Ranger was a loss-maker in the June half at the $50 million- $60m forecast range. The listed...
Canadian Helicopters renews contract with miner Rio Tinto
Canadian Helicopters Group Inc. says its Australian subsidiary has inked a deal to renew its contract with mining giant Rio Tinto, with contract revenues expected to be at least A$125 million. The Montreal-based helicopter company's subsidiary Helicopters Australia Pty Ltd. said it will replace two...
Rio Tinto's Bluff aluminium smelter reports loss for 2011
Rio Tinto's aluminium smelter at Bluff turned in an operating loss before revaluations of financial instruments of $19.56 million for the year to December 31, close to the previous year's losses despite a 7.2 per cent lift in total revenues to $704.33 million. That increase wasn't enough to offset...
Rio Tinto Alcan’s Kitimat smelter to be ready in 2014
Modernisation of Rio Tinto Alcan’s Kitimat aluminium smelter in British Columbia, Canada, is scheduled for completion in the third quarter of 2014. The slow-moving US$3Bn project, which was started in 2011, received a capital injection of US$2.7Bn last Christmas. Work so far has included the...
Aluminum Makers Turn to Middle East for cheaper aluminium production
Aluminum production is tilting toward the Persian Gulf and industry giants Rio Tinto (RIO), Alcoa Inc. (AA) and Norsk Hydro ASA (NHY.OS) are betting heavily that the region can produce aluminum more cheaply and can grab global market share. The rush to lower production costs is intense. The...
Employees approve contract at Rio smelter in Canada
Unionized workers at Rio Tinto Alcan's Alma aluminum smelter in northern Quebec have approved a new contract ending an extended lockout, the union and the company confirmed late on Thursday. The approval comes more than six months after Rio Tinto Alcan locked out its unionized workers after...
Rio Tinto to hand over the gold, silver and bronze medals for Olympic Games at a special ceremony
Rio Tinto, the mining company responsible for the production of the precious metals for the London 2012 Olympic Games, will hand over the gold, silver and bronze medals on Monday night at a special ceremonial event at the tower. The London Organising Committee of the Olympic Games (Locog) chairman...
Rio Tinto Reaches an agreement with Canada Aluminum Smelter labour union
Rio Tinto PLC (RIO) said Monday that it has reached an agreement in principle with labor union representatives from its Canadian Alma aluminum smelter following a seven-month lockout. Rio Tinto Alcan, the aluminum arm of Rio, locked out 780 unionized workers at its 438,000-ton-a-year...
Rio Tinto expects Chinese growth to cross 8 percent in 2012
Global miner Rio Tinto said it expected economic growth in China, the world's top consumer of raw materials, to rise above 8 percent this year. A slowdown in Chinese growth this year has translated into weaker consumption of raw materials such as copper and oil, contributing to a slide in...
RIO Tinto completes expansion of its Yarwun alumina refinery
RIO Tinto has completed construction on the $2.4 billion expansion of its Yarwun alumina refinery and has begun the process of ramping up to full production next year. "The Yarwun expansion project will more than double production at the refinery to 3.4 million tonnes of alumina per year, making...
Power deal to secure Australia's Bell Bay aluminium smelter's future
Australia's Bell Bay aluminium smelter reached a new 13-year power supply deal to help secure the long-term future of the 182,000-tonnes-a-year plant in the face of depressed market conditions, miner Rio Tinto said on Thursday. The 57-year-old smelter, located in the island state of Tasmania, is...
Sesa Sterlite to become one of the world's top diversified resource company
The verdict on the vote for the merger of Sesa Goa and Sterlite Industries will be announced later today. The combined entity, Sesa Sterlite, will be one of the largest diversified resources players in the world with operations in iron ore mining, copper, Aluminium, zinc, lead, silver and oil &...
UBS cuts BHP and Rio's Profit by 4%
UBS AG downgraded BHP Billiton Ltd. (BHP) and Rio Tinto Ltd. (RIO)’s earnings estimates by 4 percent due to Australia’s mining and carbon taxes. BHP will pay $715 million in mining tax and A$300 million ($302 million) in carbon tax in the year ending June 30, 2013, UBS analyst Glyn Lawcock said in...
