Alumina H1 profit drops 84.6%
July 31, 2008
Alumina Ltd, minority partner of the Alcoa World Alumina & Chemicals (AWAC) group, has delivered an 84.6 per cent drop in first half profit.
Alumina to hit funds trail
ALUMINA Ltd has chosen to maintain its 12c a share fully franked dividend - and its dividend reinvestment plan - despite the need for up to $500 million to cover capital cost blowouts at its Brazilian expansion projects.
Alumina Says Costs to Rise
Australian miner Alumina said several factors would lead to higher costs at a Brazilian refinery and bauxite mine.
BHP beefs up WA alumina refinery
BHP Billiton approves an expansion project at Worsley Alumina in Western Australia for an estimated capital investment of $2 billion.
05/01/08
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Alumina to evaluate funding options
Alumina Ltd is evaluating funding options for a $US1.12 billion ($A1.15 billion) cost blowout at two projects in Brazil.
07/21/08
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Alumina boosted by Alcoa profit
Alumina shares rally after joint venture partner Alcoa reports a better than expected profit.
07/09/08
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Alumina defends size of its board
Alumina has defended the size of its board amid criticism that it is a "post box" company.
05/01/08
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Alumina shares jump on despite trouble
Shares in Alumina jumped almost eight per cent with the impact of the shutdown of Varanus Island gas supplies not as bad as initially expected.
07/11/08
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Sigh of relief greets Alcoa and Alumina
ALUMINA shares rallied yesterday after its joint venture partner, Alcoa, reported second-quarter earnings containing no nasty surprises.
07/09/08
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BHP Billiton plans US$1.9 billion expansion to boost capacity at alumina refinery
BHP Billiton Ltd. has approved a US$1.9 billion (€1.2 billion) expansion project for an alumina refinery in Western Australia, the company said Thursday.
Rising costs for Alumina's Brazil investment
Alumina's cost of its joint venture investments in a Brazilian refinery and bauxite mine will rise due to a rising Brazilian currency and higher materials costs.
Cape Alumina signs agreement with Rio
Cape Alumina has signed an agreement to develop a proposed haul road across ground held by Rio Tinto Ltd to access its Pisolite Hills project.
06/25/08
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Alumina plans major capital raising
Alumina is planning a significant capital raising.
05/13/08
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Alumina profit slumps
Alumina's first-half profit falls 85% because of higher production costs and the strengthening Australian dollar.
07/31/08
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Orica to demerge consumer products
Orica Ltd plans to demerge its consumer products business into a separate company and raise up to $900 million through an entitlement offer.
Rio Tinto posts record half-year profit
Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other...
Fairfax moves to unwind margin loan
THE Fairfax Media director John B. Fairfax has unwound a margin loan over 159 million of the publisher's shares, which was believed to have prompted short-sellers to target the...
AWAC stung by Brazilian whacks
BHP BILLITON can rest easy. Its Ravensthorpe nickel mine in Western Australia, long the stand-out for delays and capital cost blow-outs in the mining industry, has been eclipsed by Alcoa and Alumina's Alumar and Juruti projects in Brazil.
Smelting joint venture caught in Apache blast
ALCOA and Alumina, partners in the world's biggest producer of alumina, have cut their profit forecasts after the explosion at Apache Energy's Varanus Island plant cut gas supplies to their joint-venture operations in Western Australia.
Australian merchant bank Babcock and...
Babcock & Brown Ltd., Australia's second-largest merchant bank that last week lost half its market value, is accelerating an examination of its listed funds as it faces its...
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Red Wings reward Babcock for winning...
AP - Mike Babcock's new contract allows the oldest of his three children to graduate from the same high school she's attending. And if all goes well with the Detroit Red Wings...
Santos dodges takeover talk
Santos says it is in the early stages of considering "various strategic initiative", in response to a query from the Australian Securities Exchange (ASX).
05/02/08
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BHP approves funds for WA expansion
BHP Billiton Ltd has approved $US1.9 billion ($A2.04 billion) of spending to expand the Worsley Alumina project in Western Australia.
05/01/08
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Rio Tinto to invest $2.15 bln in...
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.