GFG Alliance Reaches Standstill Agreement With Credit Suisse On Australian Assets

GFG Alliance Reaches Standstill Agreement With Credit Suisse On Australian Assets

Gupta Family Group Alliance and Credit Suisse have reached a standstill accord on its Australian plants yesterday that will allow the two parties to come to terms with the collapse of GFG’s financier Greensill Capital. GFG said in a statement that it...


Rio Tinto Partners With Comptech On Aluminium Giga-Casting Technology

Anglo-Australian mining giant Rio Tinto Group and research and development provider Comptech Group are partnering to market a new aluminium alloy for use in emerging technologies like electric vehicles and 5G antennas. Rio Tinto says it has already put into place alloys for Comptech’s semi-solid Rheocasting process that are capable of large specialized single piece […]

ABx Doubles Rare Earth Element Estimate At Tasmanian Bauxite Projects

Australian Bauxite Limited (ABx) increased the rare earth element (REE) estimate for its bauxite ore operations at its DL130 project in northern Tasmania. The firm said on Thursday that a new result gleaned from a new drill hole showed a grade of 301 parts per million (ppm) of neodymium oxide (Nd2O3), well surpassing the prior […]

FYI And Alcoa Australia Begin Negotiations On High-Purity Alumina Joint Venture

Australian high-purity alumina firm FYI Resources Limited announced last week a memorandum of understanding with Alcoa Australia Limited to negotiate terms to a joint venture high-purity alumina (HPA) project. FYI says the agreement establishes a 90-day contemplation period (beginning on 5 May) to allow the parties to conduct due diligence regarding commercialization of FYI’s HPA […]