Australia

Rio Tinto Sets Production Records for Bauxite, Alumina, and Aluminium in 2016

Rio Tinto Sets Production Records for Bauxite, Alumina, and Aluminium in 2016

Anglo-Australian metals and mining titan Rio Tinto released results for 2016 yesterday. The firm touted the US$8.5 billion in cash generation and US$3.6 billion in shareholder returns it generated over the course of last year. Net cash generation was down ten percent...

Events

Alcoa Seals Deal to Keep Portland Aluminium Open

The Alcoa Corporation announced late yesterday that it has come to an agreement with the Australian and Victorian government that will keep the Portland smelter open and allow it to restart the capacity damaged in last month’s power outage. In the same announcement, Alcoa revealed that it has also come to an agreement with AGL […]

Rio Tinto’s Improved Yarwun Refinery Sets Production Record

According to fourth-quarter numbers released by Rio Tinto on Monday, its refinery at Yarwun, Australia, set a production record last year. Rio Tinto’s final numbers for last year show the Yarwun refinery’s production at 2.104 million metric tons, which was an eleven-percent increase over 2015. When taken together with Rio’s other refinery at Gove, the […]

Power Deal Imminent for Alcoa’s Portland Smelter

A light is now shining at the end of the negotiating tunnel for Alcoa’s smelter in Portland, Victoria after Australian power giant AGL Energy, Alcoa, and the relevant government agencies released a statement indicating that the parties are on the verge of an agreement on affordable power for the troubled plant. “Significant progress has been […]

Parting Shot – Obama Administration Takes China’s Aluminium Overcapacity to WTO

The Obama Administration initiated a complaint at the World Trade Organization on Thursday over government subsidies given to aluminium producers by the People’s Republic of China. This complaint, which is the sixteenth (and likely final) such complaint against China with the trade body, alleges that Beijing has been handing out low-interest loans and energy subsidies […]