Rio Tinto buys Mitsubishi’s share of Queensland aluminum smelter

The reordering of Australian and New Zealand alumina and aluminium production assets continues with Rio Tinto announcing it has completed the acquisition of Mitsubishi’s 11.65 percent stake in Boyne Smelters Limited. BSL owns and operates the Boyne Island aluminium smelter in Gladstone, Queensland which manufactures carbon anodes and aluminium, casting 295,000 tonnes of molten metal…

Alcoa buys Alumina Ltd, takes over bauxite and aluminium assets

Alcoa Corporation has announced the completion of its acquisition of Alumina Limited, taking control of the AWAC joint venture whose assets comprise bauxite mines and alumina and aluminium refineries in Australia, Brazil, Spain, Saudi Arabia and Guinea. The takeover increases Alcoa’s economic interest in its core business and simplifys governance by acquiring the minority partner…