Tomago Aluminium Smelter Battling Back Against COVID-19 And Associated Supply Chain Woes
Rio Tinto’s Tomago aluminium smelter in Australia has developed a wide range of contingency plans to address persistent shortages occasioned...
Tomago smelter
Tomago Aluminium Raises Pace Of Transition To Sustainable Power Production
Australia’s biggest aluminium smelter said last week it is ramping up its push to phase out carbon-emitting production by transitioning to the use of renewable energy. According to local media, the drive to renewable power production and storage will be a priority...
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...
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...
Events
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 sources revealed on Friday that such a deal was currently in the works. […]
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 the country’s securities exchange in the near future. According to a column published in The Australian Financial Review earlier today, Rio Tinto is exploring a full or partial listing on the Australian Securities Exchange (ASX) […]
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 […]
High electricity prices are driving Australia’s aluminium industry out of business
Record high power prices are making difficult times worse for the aluminium industry in Australia. The latest victim is the Boyne Island smelter majority owned by Pacific Aluminium (a wholly owned subsidiary of Rio Tinto, and co-owned by several Japanese companies), who decided to reduce production by 14% or some 80,000 tonnes/year at the end […]
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 ...
