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Bauxite and aluminium

Jul 26, 2021
Metro Mining lifts bauxite loading capability

Metro Mining lifts bauxite loading capability

Metro Mining has moved to combat crippling ocean freight rates with a deal to add a floating crane barge to its fleet at the Bauxite Hills mine in Far North Queensland. The floating crane barge will allow the loading of vessels up to Capesize, with the shift to larger vessels reducing unit freight rates. The… ...

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Jul 20, 2021
Breakthrough aluminium fluoride process

Breakthrough aluminium fluoride process

Australian company Alcore says it has achieved a breakthrough in a process to produce aluminium fluoride (AlF3) from aluminium smelter wastes. Aluminium fluoride is used in aluminium smelting and is also being investigated for use in advanced lithium-ion batteries. Alcore, a subsidiary of Australian Bauxite, has produced several AlF3 samples using 100 per cent dross… ...

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Jul 08, 2021
Metro Mining signs new supply deals

Metro Mining signs new supply deals

The fortunes of Metro Mining have taken a turn for better. The company has announced two sales of 60,000 Wet Metric Tonnes each. Metro told the ASX the sales are coupled with a non-binding Letter of Intent (LoI) with Shanxi Liulin Senze Aluminium Company. Related: Metro Mining management replaced by ex-Rio Tinto executives The company… ...

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Jul 06, 2021
Worley Services to build Gladstone alumina plant

Worley Services to build Gladstone alumina plant

Alpha HPA has nominated Worley Services as preferred ePCM contractor to the HPA First Project. Initial plans include a $27.6 million Precursor Production Facility (PPF) to be built within months. The PPF is to be constructed on the Gladstone State Development Area site of the company’s planned $308 million high purity alumina plant – the HPA… ...

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Jul 05, 2021
Queensland resources served medium-rare

Queensland resources served medium-rare

A Dutch organisation representing peak industry groups has been served up a feast of Queensland mineral wealth. The group which is made up of 185,000 enterprises has savoured platters of critical minerals, relished entree of rare earths, gorged on mains of copper with base metals sides all of which was rounded off with a bauxite… ...

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Jul 05, 2021
Metro Mining management replaced by ex-Rio Tinto executives

Metro Mining management replaced by ex-Rio Tinto executives

There’s been a spill at the head of struggling Cape York bauxite miner Metro Mining. In a statement released today (Monday 5 Jul 21), the board announced to the ASX that Managing Director and CEO Simon Finnis had stepped down. Simon Finnis on-site at Bauxite Hills mine The company had a market capitalisation of $27.80… ...

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Jun 28, 2021
Exports bounce counted in the billions

Exports bounce counted in the billions

The Office of the Chief Economist says Australia is set to record its best year of resources exports. That’s contained in the latest Resources and Energy Quarterly (REQ) which both reviews market movements and forecasts Australia’s exports. It says the fortunes of Australian resources exports are tied to a rebounding world economy and are likely to hit… ...

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Jun 25, 2021
Metro in equity raising to boost balance sheet

Metro in equity raising to boost balance sheet

Bauxite Hills mine operator Metro Mining is launching a $25.5 million equity raising after hitting a cash crunch. The company said today that the proceeds from the equity raising were intended to provide funding for working capital to strengthen Metro’s balance sheet, pending a final investment decision on a planned Stage 2 expansion at the… ...

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Jun 17, 2021
Rio Tinto confirms Peter Cunningham as Chief Financial Officer

Rio Tinto confirms Peter Cunningham as Chief Financial Officer

Rio Tinto has appointed Peter Cunningham as Chief Financial Officer with immediate effect.  He’ll earn a 700,000 pound base salary with a 100 per cent target annual bonus opportunity. Mr Cunningham, who has been Interim Chief Financial Officer since 1 January 2021, will also join the Rio Tinto Board as an executive director at the… ...

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