Australia

Australian Energy Ministers to Discuss Portland Smelter’s Future with Alcoa Execs Today

Australian Energy Ministers to Discuss Portland Smelter’s Future with Alcoa Execs Today

Ministers from the Australian federal and state energy ministry will be offering a new power station for the region to Alcoa in an emergency offer to secure the continuance of the firm’s aluminium smelter in Portland. Greg Hunt and Wade Noonan, respectively...

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 […]

Meridian Head Expresses Hope for NZAS Smelter’s Future

Meridian Energy Limited Chief Executive Officer Mark Binns says he expects the embattled New Zealand Aluminium Smelter’s Tiwali Point plant will continue running. His hopeful musings come as Sumitomo Chemical Company and Rio Tinto mull the plant’s future. “There will always be uncertainty, which is why we would prefer the smelter to stay — but […]