Australia

Australia’s Iron Mountain Announces Significant Bauxite Find in Solomons

Australia’s Iron Mountain Announces Significant Bauxite Find in Solomons

Australian miner Iron Mountain Mining Limited announced late last week that it has discovered “extensive large-scale” deposits of bauxite in the Solomon Islands. The firm made the discovery in the course of its exploration at the Nendo Bauxite Project in Temotu Province....

Events

Yarwun Lays Off Fifty in Final Round of Labor Cuts

In a memo distributed to Rio Tinto workers at Queensland’s Yarwun bauxite operation, general manager Colin McGibbon explained why fifty workers were released in the final round of cuts intended to make the plant profitable again. “Commodity prices have decreased to some of the lowest levels we’ve seen in recent history, with no clear line […]

ABx Announces Second Sale of Bald Hill Bauxite

Australian Bauxite Limited announced its second sale yesterday, completing a deal for 5,000 metric tons to the same unidentified purchaser as the initial sale made in April. This is the second sale from the firm’s Bald Hill mine in Tasmania. Bald Hill is the first new bauxite project in that country in three-and-a-half decades. ABx’s sale […]

Alcoa Seeks Declaratory Relief Regarding Rights Issue with Alumina Ltd

Alcoa’s planned split has run into a snag due to Australia’s Alumina Ltd and comments it has made regarding the “serious concerns” it has for the demerger’s impact upon a joint venture in which both parties have substantial interests. The Melbourne firm said in a statement that it was concerned that the split would “result […]

Bell Bay Wants Answers About Tasmanian Energy Crisis

Tasmania’s Bell Bay Aluminium says that energy shortages have taken a significant toll on the firm’s profit margins and is calling for an investigation regarding the state’s operating procedures, specifically why it was so catastrophic to the island’s energy supply when one power cable to the mainland was severed. Although recent heavy rains have done […]