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...
Tomago Aluminium
Tomago Aluminium Supports Government-Run Natural Gas Power Plant If No Other Power Option Available
The head of Queensland’s Tomago Aluminium told local media yesterday that he supports the federal government’s plan to build a natural gas power generation plant as long as his firm’s smelter gets a “like-for-like” supply of electricity when the nearby coal-fired plant...
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...
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 […]
Century, Glencore Possible Buyers for Rio Tinto’s Pacific Aluminium Operations
Century Aluminium and Glencore plc are rumored to be contemplating the purchase of Rio Tinto Group’s aluminium assets in the Pacific. The assets are for sale at present through Deutsche Bank and could be sold for as much as US$1 billion. So says an article in today’s edition of The Australian, noting that the mining […]
Tomago Smelter May Be Prime Customer for Potential Clean-Coal Plant in NSW
Citing rising prices and unreliable supplies of power to the plant, New South Wales’ Tomago Aluminium Company advised the federal and state government that it would potentially be a large-scale buyer of electricity from any low-emission coal-powered electricity plants that may be constructed in the area. The announcement is significant due to the fact that […]
Power Blackouts in NSW Threaten Tomago Aluminium
New South Wales’ Tomago aluminium smelter is hoping to avoid a “catastrophe” after being forced to shut down production on its three potlines due to severe power shortages in the area. The state’s power grid has been pushed to the max and beyond in recent days as temperatures have risen above the century mark over […]
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 ...
