Australia

Fiji Confirms First Bauxite Shipment of the Year

Fiji Confirms First Bauxite Shipment of the Year

The Fijian government confirmed its first shipment of bauxite in 2016 on Wednesday. Fiji’s Acting director of the Mineral Resources Department Apete Soro told local media that the first shipment of the year left the Fijian port of Bua last month, bound...

Events

South32 Not Planning to Restart Idled Aluminium Capacity Before 2018

Australian metals miner South32 indicated on Thursday that it does not expect to reopen idled capacity at its aluminium and manganese operations in southern Africa in the course of the next two years. The firm idled the capacity in question due to a combination of depressed prices and an unreliable power supply in the region. […]

ABx Increases Bauxite Estimate at Fingal Rail by Over Five Times

Sydney’s Australian Bauxite Limited announced a significant resource increase at its Fingal Rail Bauxite Project yesterday. The firm’s new estimate is over five times the number given according to initial data. ABx said that when the data was examined at the project’s outset, the initial projection was that the project area contained approximately 1.18 million […]

Alumina Ltd’s First-Half Numbers Lower Due to Rough Commodities Market

Australian firm Alumina Ltd. published its half-year results yesterday. Though still in the black, their first-half numbers reflect the continued challenging commodities market. Alumina reported an after-tax net profit of US$8 million for the half, which is down year-on-year from US$122 million. The firm took a US$5 million hit from the restructuring of Alcoa Worldwide […]

CME Group to Offer Two New Alumina Futures Contracts Next Month

American derivatives marketplace CME Group (Chicago Mercantile Exchange & Chicago Board of Trade) announced two new futures contracts on Monday. Both will be contracts for aluminium oxide, or alumina. According to the relevant press release, CME Group will be offering Alumina FOB Australia (S&P Global Platts) futures and Alumina FOB Australia (Metal Bulletin) futures for […]

Rio Tinto Shopping its Aluminium Assets: Industry Sources

According to industry sources, Anglo-Australian mining major Rio Tinto is seeking buyers for parts of its aluminium operations. An article published yesterday in The Australian Financial Review said that Rio Tinto is seeking buyers for its three Australian aluminium smelters – namely Tasmania’s Bell Bay, Queensland’s Boyne, and New South Wales’ Tomago, citing unnamed insiders […]