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...
Tomago Aluminium
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...
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...
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...
Events
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 […]
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the past few weeks after the company and its founder Liu Zhongtian were brought up on criminal charges by the United States federal ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
Is Rio Tinto’s ISAL smelter a bargain or a smart investment?
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s ...
