Metro Mining Secures US$30 MM Loan For Bauxite Hills Mine Expansion

Metro Mining Secures US$30 MM Loan For Bauxite Hills Mine Expansion

Australia’s Metro Mining Ltd. announced this week that it has entered into a financing agreement with Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (“Nebari”) of up to US$30 million. Proceeds from the facility will...


Western Australia Authorities Cut Alcoa’s Water License By One-Third

Alcoa’s operations in Western Australia will have to go forward using substantially less water after local authorities reduce its allotment by one-third last week. Local authorities justified the cut by saying that the pressure put on the Cattamarra Coal Measures aquifer was not sustainable. Reduction will begin in 2026 and is expected to reduce Alcoa’s […]

South32’s Aluminium Operations Take Hit in 2022 Due To Shipping Snarls

Australian metals miner South32 noted in a quarterly filing that its production of aluminium and other minerals were on par with expectations, but it saw an impact on working capital thanks to an inventory build-up due to shipping delays. The fourth quarter of 2022 had South32 meeting production forecasts of aluminium, coal, and copper while […]

Australian Bauxite Fast Tracks REE Drilling Campaign In Northern Tasmania

Australian Bauxite Limited (ABx) said this week that its drilling campaign at Deep Leads and Rubble Mound rare earth elements (REE) discoveries in northern Tasmania due to the high-grade results that the firm has returned in recent test drills. ABx says the mobilization of the RC drill rig site was accomplished a week ago, and […]

ALCORE Receives First A$7.5 MM Payment In Grant For Aluminium Bath Recycling Plant

Australian Bauxite Limited (ABx) announced this week that its subsidiary ALCORE Limited received the first payment of a A$7.5 million grant from the Australian government’s Modern Manufacturing Initiative (MMI). The first payment of A$3.3 million will be used to fund the firm’s proposed A$16.4 million aluminium bath recycling plant, which it plans for construction at […]

Rio Tinto Praises Australian Government’s New Carbon Emissions Reduction Policy

Anglo-Australian mining giant Rio Tinto Group praised the Australian government’s new emissions-reduction policy last week for the support it will offer to the country’s heavy industries, including bauxite mining. Australia’s new policy will begin on July 1 and require the country’s most prolific carbon emitters to reduce their carbon production by 4.9 percent each year […]