U.S.-headquartered Alcoa has entered into a definitive agreement to acquire Australia-based South32 Limited’s interests in a bauxite mine, alumina refinery, and aluminum smelter operations in a cash and stock transaction for an upfront consideration of $4.1 billion. “This is exactly the type of opportunity Alcoa is built to execute,” explained William F. Oplinger, president and chief executive officer of Alcoa.…
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Rio Tinto has approved an investment of US$180 million and commenced work on the Norman Creek access project at the Amrun bauxite mine on Queensland’s Cape York Peninsula. The project will enable the miner to access half of the 978 million tonnes of ore reserves at the operation. The global miner said construction is underway on key infrastructure, including a…
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Workers at Rusal’s Compagnie des Bauxites de Dian Dian (COBAD) bauxite mine in Guinea have reportedly gone on strike over working conditions and pay, though the mine owner has called the action an “illegal” move. A worker told Reuters late last week that production had stopped over the strike. Union leader Yamoussa Bangoura added in an interview with the news…
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