Rio Tinto delivers first half underlying earnings of $2.9 billion

“A continued focus on financial and operating discipline delivered first half cost savings of $641 million, representing 85% of our original full year target, which we have now increased to $1.0 billion. We continue to invest in growth, and have reached key milestones in three of our growth projects with the expansion of our Pilbara iron ore infrastructure, first production from our expanded Kitimat aluminium smelter and an agreement to progress the development of the Oyu Tolgoi underground copper mine.”

Kathleen Brooks, Research Director at

Tenova: New leadership structure

Effective 1 July, 2015, Tenova has also been organised into two divisions - Metals and Mining - managed by Andrea Rocca (Metals CEO) and Frank Hubrich (Mining CEO). The division leaders will be responsible for the business strategy and results in their respective areas.

“With this new leadership structure a generational change has begun,” commented Gianfelice Rocca Chairman of...

Industry responds to White House Clean Power Plan

This reflects an increase from the 30% target originally proposed in the draft regulation released last June.

Aluminum Association President & CEO Heidi Brock commented: “The aluminium industry remains committed to the continued availability of reasonably and predictably-priced power as a cornerstone of American manufacturing. While we recognise the importance of minimising greenhouse gas emissions as a policy goal, it is critical that these decisions are made in a global context. Through voluntary efforts, the carbon impact of producing primary aluminium in North...

Tiwai Point to stay open

In a deal, Meridian Energy has won an increase in the price it gets for the electricity it supplies to the company.

But it said the price was still less than the smelter would have paid if it had relied on the rest of the market to supply a big chunk of its power.

Under previous agreements the smelter had the right to do this.
Meridian will now supply most of the smelter's 572 megawatts of power, but fuel 80 megawatts from Contact Energy into that mix.

It said the agreement committed Meridian to cover the full 572 megawatts currently used at the smelter...

William King joins ALFED

The company, which employs around 150 people, began life as an ironmongers in the 1820s, expand during the nineteenth century to incorporate iron and steel warehousing, trading and tinplate production. 

Today William King supplies metal products globally, and is an industry leader in the supply of steel strip mill and aluminium products. The company supplies all the major metal consuming sectors, including the automotive, consumer durable, packaging and construction industries.

In 1988 William King formed a joint-venture company, Mi-King Ltd, in the North East of...