Russia-based Rusal, which already owns a 20 per cent stake in Gladstone’s Queensland Alumina (QAL), is actively investigating establishing a refinery and smelter in the state as part of its stated expansion plans.
It comes as Russian companies actively increase their presence in Australia, Russian steel giant Magnitogorsk Iron and Steel Works notifying the Federal Government [...]
Cape Alumina Pty Ltd., part owned by Chinese aluminium group Chiping Xinfa Huayu Alumina Co Ltd., has gained approval to look further afield for bauxite in Australia, underscoring China’s hunger for the raw aluminium-making material outside its borders.
Cape Alumina is prospecting in Australia’s bauxite-rich Cape York region, where world No.2 miner Rio Tinto Ltd./Plc. also [...]
The Aluminum Corp. of China said Monday it expects to sign a final agreement on a US$2.2 billion bauxite mine and alumina refinery project in northeastern Australia’s Queensland by the end of March.
The company, the world’s second-biggest aluminum producer after U.S.-based Alcoa Inc., already had acquired “preferred developer” status for the Aurukun bauxite deposit.
Plans call [...]
Following news of BHP Billiton’s [NYSE:BHP] interest in a very early stage DRC bauxite project, Marius Klopper, an executive director, says his company is also looking at a stake in Global Alumina’s [TSX:GLA-U] Republic of Guinea-based deposit containing the same commodity.
Bauxite is aluminium ore which is smelted into alumina and then refined into aluminium.
The company [...]
