Australia

Citing Power Prices, Boyne Aluminium Smelter Cuts Production and Jobs

Citing Power Prices, Boyne Aluminium Smelter Cuts Production and Jobs

Facing a squeeze in power prices, Australia’s Boyne Island Aluminium Smelter said Friday that it will be forced to cut capacity and shrink manpower beyond the levels announced in January. According to a statement released to the media, Rio indicated that capacity...

Events

Altech Inks Deal with M+W Group to Build High-Purity Alumina Plant in Malaysia

Australia’s Altech Chemicals Ltd. announced yesterday that it has negotiated a fixed-price EPC (engineering, procurement, and construction) deal with German contractor M+W Group to build a high-purity alumina plant in Malaysia. Touting the advantages of the fixed-price nature of the contract, which include de-risking completion risk and project operability risk, Altech elaborated on the nature […]

Rio Tinto Awards US$45 MM Contract for Dam at Amrun Bauxite Project to Fulton Hogan

Anglo-Australian mining titan Rio Tinto announced the award of a US$45 million to the New Zealand civil construction firm Fulton Hogan. The contract, which is for the construction of a dam at the Amrun bauxite project in Cape York, Queensland, was announced last Wednesday. The project will have Fulton Hogan’s Queensland division constructing a 10.9-gigaliter […]

Power Blackouts in NSW Threaten Tomago Aluminium

New South Wales’ Tomago aluminium smelter is hoping to avoid a “catastrophe” after being forced to shut down production on its three potlines due to severe power shortages in the area. The state’s power grid has been pushed to the max and beyond in recent days as temperatures have risen above the century mark over […]

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 year-on-year from US$9.383 billion, but underlying earnings were up, coming in at US$5.1 […]

Altech Chemicals Offers Update to High-Purity Alumina Project

Australia’s Altech Chemicals Ltd announced an update on the due diligence activities surrounding funding of its high-purity alumina (HPA) project. According to the update, the independent reviews and pilot plant test work associated with the project are approaching completion. The firm has been working with German KfW IPEX-Bank on structuring financing for the project. Altech […]