Sources: Rio Tinto Engaged UBS for Listing Pacific Aluminium on Australian Stock Exchange
According to anonymous sources who spoke to Reuters last week, Anglo-Australian mining giant Rio Tinto Group has engaged Swiss investment...
Pacific Aluminium
Rio Tinto Shipped 13.6 MMT Of Bauxite Ore In 2021’s Opening Quarter
Anglo-Australian mining giant Rio Tinto Group released production results for the first quarter on Tuesday. Though generally down compared to the fourth quarter, the aluminium business’s production generally rose over the first quarter of 2020. For the year’s first quarter the firm...
New Zealand Petitions Trump for Exemption from Aluminium Tariffs
New Zealand’s government has added its name to the list of countries seeking an exemption from the coming 10-percent aluminium...
Rio Tinto Pondering Placement of Pacific Aluminium on Australia’s Stock Exchange
Rumors have surfaced in Australian media outlets that Anglo-Australian mining titan Rio Tinto Group is weighing listing Pacific Aluminium on...
Events
Rio Tinto Sweetens Pacific Aluminium Package with Australian Alumina Assets
Mining giant Rio Tinto Group is adding two alumina refineries in Australia to the Pacific Aluminium portfolio in an effort at sweetening the deal for potential suitors, according to a trio of sources claiming familiarity with the matter. According to an article run by Reuters earlier this week, Rio Tinto included the QAL and Yarwun […]
Rio Tinto on Verge of Selling Pacific Aluminium to GFG Alliance
Anglo-Australian mining giant Rio Tinto Group is reportedly in talks with Sanjeev Gupta’s Gupta Family Group (GFG) Alliance for the sale of Rio’s aluminium operations in Australia and New Zealand. A report by the Financial Times indicates that sources tell them that Gupta is flying to Australia to participate in discussions regarding Pacific Aluminium (PacAl) […]
NZAS, Union Come to Agreement Over In Lieu Pay for Workers at Tiwali
New Zealand Aluminium Smelters (NZAS) and E tū, the union that represents its workers, have come to an agreement on how to disburse US$14.2 million of lieu pay now owed to certain current and former workers at the Tiwai aluminium smelter. Representatives from E tū and NZAS met earlier this week to discuss the ramifications […]
Australian Laborers Rally Seeking Answers from Rio Tinto Subsidiary
Around four dozen Australian Maritime Unionists rallied outside Pacific Aluminium’s Tomago Smelter in New South Wales on Thursday. The assembled protesters sought a meeting with Pacific Aluminium’s chief executive, Matt Howell in order to discuss his company’s outsourcing of labor from native Australians to foreign nationals. The genesis of the disagreement in question was in […]
Rio Tinto’s Strachan Steps Down Amid Booming Bauxite Business
The head of Rio Tinto’s bauxite enterprise is stepping down after sixteen years at the helm. Phillip Strachan is vacating his post as Rio’s chief executive of bauxite and alumina and exiting the Brisbane, Australia office. His duties are to be shouldered by Pacific Aluminium chief executive Bruce Cox. Strachan steps down only months after […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
