Cement News tagged under: Australia
Boral to acquire Booyal Quarries08 April 2024, Published under Cement NewsBoral Ltd has agreed to acquire Booyal Quarries in the Wide Bay region in Queensland, Australia. The strategic acquisition will secure the supply of quarry materials to Boral customers and the company's integrated operations in Wide Bay. The Wide Bay region is a high-growth market underpinned by various large-scale infrastructure projects. "Booyal Quarries’ is a high-quality business with significant approved quarry reserves" claims Boral. It will secure a 20-year supply to Boral's integr... |
Boral rejects Seven Group offer20 March 2024, Published under Cement NewsBoral Ltd has rejected an offer from Seven Group Holdings (SGH) saying it is “not fair and not reasonable.” Independent expert firm Grant Samuel & Associates assessed the fair market value of Boral shares to be in the range of AUD6.50-7.13/share, concluding that the offer from SGH of AUD5.96-6.19/share was below this range. SGH currently holds a 72 per cent stake in Boral. The offer, which totalled AUD 1.9bn (US$1.25bn) was for the remaining shares in the company. Commenting on the of... |
Haver & Boecker and IBAU Hamburg upgrade Kwinana facility20 March 2024, Published under Cement NewsCockburn Cement’s Kwinana facility has a new order with Haver & Boecker OHG and IBAU Hamburg of Germany. The upgrade will consolidate Cockburn Cement ’s Kwinana and Munster grinding operations into a single state-of-the-art, 1.5Mta purpose-built facility in Kwinana . Haver & Boecker’s bulk handling technology provider IBAU HAMBURG have been awarded the design, engineering and part of the procurement and supply contract of a wealth of key infrastructure upgrades. These upgrades includ... |
Alumtek Minerals delivers breakthrough in SCM production19 March 2024, Published under Cement NewsAlumtek Minerals (AM) has recently completed research and development on bauxite residue waste, commonly known as ‘red mud’. Most notably, AM has developed a supplementary cementitious material (SCM) meeting the stringent Australian Standard AS3582.4. The company is now actively seeking joint venture partners to propel this innovative solution to the next level, demonstrating its commitment to driving sustainable practices within the cement industry. Red mud is an alkaline by-product of t... |
Fremantle Port inflates new clinker dome15 March 2024, Published under Cement NewsFremantle Ports has inflated a 40m-high cement clinker dome at its Kwinana Bulk Terminal in the Outer Harbour, marking the first time such a structure has been installed in Western Australia. Taking 24 hours to inflate, the giant white dome is the second of its type in Australia and is integral to Fremantle Ports’ new import circuit facility which will streamline the importation of clinker. The new clinker circuit project consists of the dome plus a covered conveyor network which will l... |
Adbri reports 13% revenue rise in 202327 February 2024, Published under Cement NewsAdbri Ltd has reported revenue of AUD1922.9m (US$1259m) in 2023, up 13.1 per cent from the AUD1700.3m seen in the previous year. Statutory EBITDA advanced 5.2 per cent YoY from AUD282.6m in 2022 to AUD297.4m the following year, with underlying EBITDA coming in at AUD311m in 2023, up 30.9 per cent YoY. Statutory net profit after tax in 2023 stood at AUD92.9m, down 9.5 per cent from AUD102.6m in the previous year, while underlying net profit after tax was up 43.8 per cent YoY over the same p... |
Saint-Gobain in advanced talks to acquire CSR Ltd22 February 2024, Published under Cement NewsSaint-Gobain has approached the board of CSR Ltd, a leading Australian building materials company listed on the Australian Securities Exchange, with a non-binding indicative offer to acquire all of CSR’s issued share capital by way of a scheme of arrangement at an offer price of AUD9.00 (US$5.90) cash per share. Under Saint-Gobain’s proposal, CSR would be entitled to pay a final dividend of up to AUD0.25 per share for its financial year ending 31 March 2024, which would be deducted from the... |
Freehill Mining to supply Cementos Melón14 February 2024, Published under Cement NewsAustralia-based Freehill Mining Ltd has secured a purchase order from Chile’s Cementos Melón with a gross sales value of approximately US$185,000. The purchase order is for the supply of material to Melón’s Coquimbo cement plant from Freehill’s 100 per cent-owned Yerbas Buenas project in Maule Region, Chile. The material will be delivered over a two-month period, likely to commence in mid-March 2024. Although the volume and price secured per cubic metre under this purchase order has no... |
MCi Carbon to provide CCU plant for RHI Magnesita19 January 2024, Published under Cement NewsRefractories specialist RHI Magnesita has announced an industrial-scale carbon capture project with MCi Carbon. RHI Magnesita will be MCi Carbon’s first global commercial customer. Alongside an additional multi-million-dollar investment from RHI Magnesita, MCi Carbon's will accelerate its mission to scale up and commercialise its carbon capture and utilisation technology (CCU). "This investment marks a pivotal moment for MCi Carbon and underscores the trust our partners place in our transfo... |
Adbri reached cementitious materials supply agreement03 January 2024, Published under Cement NewsAdbri Ltd announces that its wholly owned subsidiary, Adelaide Brighton Cement Ltd, trading as Adbri Cement, has entered into an agreement with Independent Cement and Lime Pty Ltd (ICL) for the supply and distribution of cementitious materials. ICL is a 50:50 joint venture between Adbri and the Barro Group. The interim agreement will took effect on 1 January 2024 following expiry of the current arrangement and continues for two months, coinciding with the timing of the process and exclusivi... |