ABx Releases Q3 Numbers

ABx Releases Q3 Numbers

Australian Bauxite Limited released third-quarter results yesterday. The report showcased the firm’s continuing uptick in sales and production. According to the report, current group available cash is approximately A$2.4 million, plus available lines of credit in the event further working capital becomes...


Workers Walk Off Job at McKechnie

Around one hundred members of the New Zealand labor union E tū walked off the job at McKechnie Aluminium Solutions Ltd in New Plymouth yesterday. The mass walk-out was in response to a contract renewal offer the union’s membership did not find to their liking. The walk-out was agreed upon by the membership as manifested […]

Australian Official Urged to Reject Chinese Firm’s Offer to Buy Gulf Alumina

Australia’s Federal Treasurer Scott Morrison is being asked by local government representatives to reject a Chinese firm’s effort to acquire Gulf Alumina. “I have serious concerns about the integrity of the company. I also have serious concerns about their motives,” explained Parliament Member for Leichhardt Warren Entsch. Entsch is spearheading a movement to block Moly […]

ABx Continues Above-Market Sales of Fertilizer-Grade Bauxite

Sydney’s Australian Bauxite Limited announced yesterday that it continues to sell fertilizer-grade bauxite, and it boasts that the sales the firm has been making in recent months have been above prices in the fertilizer-grade bauxite markets that they characterize as being oversupplied. Although the firm points out that fertilizer-grade bauxite sales are seasonal and affected […]

Metro Mining Inks Deal to Substantially Increase Stake in Gulf Alumina

Australia’s Metro Mining Limited announced yesterday that it has signed agreements to increase its stake in Gulf Alumina Limited to roughly 39% of the latter’s issued capital. Metro Mining says that the agreement means acquiring the shares held by four long-term Gulf shareholders. The acquisition cost Metro Mining A$8.5 million, which was funded by an […]

Cape York Bauxite Mining Benefits Local Indigenous People

Bauxite mining on Australia’s Cape York is proving to be a boon for many members of the area’s Aboriginal population, much of which is considered economically disadvantaged. Murray Korkatain, a Wik traditional owner interviewed by local media is preparing to enter into a Local Aboriginal Person traineeship. The eighteen-month program will teach him to operate […]