Pacific Aluminium

Sources: Rio Tinto Engaged UBS for Listing Pacific Aluminium on Australian Stock Exchange

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 bank UBS AG to investigate the possibility of publicly listing Pacific Aluminium on the Australian Stock Exchange (ASX). Reuters said two industry...

Events

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 […]