Australia

Pacific Aluminium Blames High Power Prices And Low Aluminium Prices For Losses at Tiwai Point

Pacific Aluminium Blames High Power Prices And Low Aluminium Prices For Losses at Tiwai Point

Citing price instability and the rising cost of electrical power to the plant, the operators of New Zealand’s Tiwai Point reported a loss of NZ$46 million in 2019. For the full year of 2019, Pacific Aluminium logged a loss of NZ$313 million,...

ABx Names CSIRO Senior Principal Researcher As ALCORE Interim General Manager

Australian Bauxite Limited (ABx) announced yesterday the appointment of Dr. Mark Cooksey, Ph.D., as Alcore’s General Manager. Cooksey’s appointment is for a six-month term commencing February 1. ABx says Cooksey arrives at Alcore after being granted a leave by the Commonwealth Scientific and Industrial Research Organisation (CSIRO). He’s a veteran of the aluminium industry of […]

Altech Completes Test Drilling Project At Kerrigan

Australian innovator Altech Chemicals Ltd. said yesterday it has completed all 27 air core holes of the drilling program at the Kerrigan project in Western Australia. According to the firm, the 27 air core holes covered a total depth of 765 meters. Each hole was drilled vertically to an average depth of 28 meters. Samples […]

Altech Raises A$2.8 Million In Stock Purchase Plan

Australian innovator Altech Chemicals Ltd. announced yesterday that the stock purchase plan that ended last week received applications from current shareholders to purchase A$2.8 million in new stocks. Altech said the stock purchase plan sold individual shares for A$0.0975 each through Friday of last week. The firm said it would accept every application returned, and […]

ABx Lands Full Funding Of Binjour Bauxite Project In Deal With Rawmin

Australian Bauxite Limited (ABx) yesterday announced the full funding of mining operations at the Binjour Bauxite Project in Queensland. Per the firm, the project achieved full funding thanks to a commitment by India’s Rawmin Mining. Per the agreement, the project will be funded prior to production and the firm will have a 50-percent joint venture […]