Weipa

Gulf Alumina’s Board Recommends Metro Mining’s Takeover Offer

Gulf Alumina’s Board Recommends Metro Mining’s Takeover Offer

Brisbane’s Metro Mining Limited is in line to become the new owners of Gulf Alumina after Gulf’s board unanimously recommended that its shareholders accept Metro’s offer. The approval of Metro’s offer by Gulf’s board is the penultimate step in Metro’s bid to...

Layoffs Coming at Rio Tinto’s Weipa Operations

Anglo-Australian mining giant Rio Tinto Group is warning employees at its bauxite operations at Weipa, Queensland that layoffs are on the horizon. The firm cited declining aluminium prices and increased competition as reasons behind the coming force reduction. Rio Tinto did not specify exactly how many of the site’s 1,400 employees would receive pink slips. […]