Australia

Altech To Raise A$20 MM As Construction At Johor Alumina Plant Begins

Altech To Raise A$20 MM As Construction At Johor Alumina Plant Begins

Australian innovator Altech Chemicals Ltd. announced yesterday the launch of two share offerings that are expected to raise A$20 million to complete engineering and begin construction of the firm’s high-purity alumina (HPA) plant in Johor, Malaysia. Per the company’s announcement, Altech has...

Events

Altech Inks US$60 MM Stream Finance Deal for High-Purity Alumina Project

Australian innovator Altech Chemicals Ltd. announced yesterday that the firm has landed a non-binding term sheet with a United States investment group for a US$60 million stream finance facility supporting its high-purity alumina (HPA) project. Per Altech, the unnamed financier has agreed to advance Altech the US$60 million facility up front for a percentage of […]

Tomago CEO Blames Shaky Electrical Grid for Power Cuts at NSW Smelter

Management at Austraila’s Tomago Smelter warned last week that the country’s power grid is at a “crisis point” after his plant was compelled to cut power briefly to allow electricity for the rest of New South Wales. According to domestic media, Tomago voluntarily powered off its potlines for an hour at a time in order […]

Metro Mining’s Inaugural Bauxite Shipment Arrives in Qingdao

Australia’s Metro Mining Ltd. announced yesterday the safe arrival and provisional payment for its debut shipments from operations at Bauxite Hills Mine. Per the firm, two shipments totaling 123 thousand metric tons of bauxite ore arrived safely at the dock in Qingdao, China on May 20. Representatives from Shandong Xinfa Aluminium Group were on hand […]

ABx Forms ALCORE Limited to Manage Aluminium Fluoride Project

Australian Bauxite Limited (ABx) announced yesterday the incorporation of the next step in its aluminium fluoride project – the incorporation of ALCORE Limited, a wholly-owned subsidiary for housing the ALCORE Project. ABx says it will transfer ownership of the method for producing aluminium fluoride (AlF3) to the entity, with plans for it to begin immediately […]

Alcoa and Rio Tinto Announce Breakthrough Carbon-Free Aluminium Smelting Process

Calling the breakthrough “the most significant innovation in the aluminium industry in more than a century,” American smelter Alcoa Corp and Anglo-Australian mining giant Rio Tinto Group say they have developed a revolutionary new method for smelting aluminium that produces oxygen rather than greenhouse gases. Press releases by both companies announced the breakthrough yesterday, as […]