Australia

Metro Mining Acquires Gulf Alumina, Announces Plans to Merge Bauxite Hills and Skardon River Projects

Metro Mining Acquires Gulf Alumina, Announces Plans to Merge Bauxite Hills and Skardon River Projects

Australia’s Metro Mining Ltd announced yesterday that it had acquired Gulf Alumina Ltd’s remaining shares, and that it would begin the process of combining Gulf’s Skardon River Project with its own Bauxite Hills project. Metro’s press release said that the firm has...

Events

Australia to Impose Significant Anti-Dumping Duties on Extruded Aluminium from Vietnam, Malaysia

A notice issued by the Vietnam Competition Authority last week indicates that Australia is preparing to impose significant anti-dumping duties upon aluminium extrusions imported from both Vietnam and Malaysia. According to the notice, the Australian Anti-Dumping Commission will soon add duties ranging between 8.5% and 34.2% on extruded aluminium products, which would be well above […]

Alumina Ltd. Not a Takeover Target for Macquarie

Sydney’s MACQUARIE Group Limited informed its clients on Wednesday that Alumina Ltd. is not in the crosshairs of its majority shareholder CITIC Group as takeover fodder. “We also reiterate our opinion that AWC is not a takeover target at current trading prices given a lack of strategic need for the AWAC assets,” a Macquarie analyst […]

Gulf Alumina’s Board Recommends Metro Mining’s Takeover Offer

Brisbane’s Metro Mining Limited is in line to become the new owners of Gulf Alumina after Gulf’s board unanimously recommended that its shareholders accept Metro’s offer. The approval of Metro’s offer by Gulf’s board is the penultimate step in Metro’s bid to acquire the firm. Metro began the process of acquiring Gulf in December and […]

Gulf Alumina Confirms Metro Mining’s Buyout Offer is Superior

Brisbane’s Metro Mining Ltd. said on Wednesday that the board of Gulf Alumina Limited confirmed its offer to buy all outstanding Gulf shares was superior to the proposal offered by Moly Mines Limited. Metro, which has a 39.3% stake in Gulf at present, says that the purchase of the remaining Gulf shares represents a “logical […]