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Gladstone land values drop 7 8% -don t reflect market now

Gladstone land values drop 7 8% -don t reflect market now
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Orica Rattles Market With Another Downgrade

Orica Rattles Market With Another Downgrade Mar 02 2021 Orica has always indicated the first half would be weak, but the extent of the latest downgrade has rattled the market -Exposure to thermal coal remains of concern -Main issue is when can earnings return to normal -Business remains fundamentally intact By Eva Brocklehurst A spate of issues have plagued explosives producer Orica ((ORI)), resulting in brokers scrambling to ratchet down expectations and ascertain just what of their concerns may prove stubborn. While Orica had always flagged a weak first half, the company s latest update proved materially worse than anticipated. No specific first half guidance has been provided and the chairman has indicated performance will be very dependent on the outcome of February and March trading.

Will bauxite adjustments hit central Queensland refineries?

  Last year, RTA s Weipa bauxite mine had a yield of 35 million tonnes, while 12.3 million tonnes came from Gove. Rio Tinto s 2020 fourth quarter production report details the activities of Gladstone refineries over the year. QAL produced 3.701 million tonnes of alumina in 2020, while Yarwun produced 3.175 million tonnes.     Boyne Smelters Limited processed the alumina into 510,000 tonnes of aluminium in 2020. According to these figures, about 28 million tonnes of bauxite is needed to run the refineries at Yarwun and QAL. From this 28 million tonnes of bauxite, about 7 million tonnes of alumina is produced, which BSL could turn into 3.5 million tonnes of aluminium. If current production rates at Weipa and Gove are maintained, it is understood enough bauxite remains to continue refining at Yarwun and QAL for about 25 years.

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