CAPITAL MARKETS

New bauxite-alumina company emerges

RECENT nickel listing Metallica Minerals and the European-backed aluminium smelter developer Aldoga are behind the creation of a new bauxite-alumina company called Cape Alumina that’ll seek an ASX listing in the next 12 months on the back of significant bauxite holdings in the Kimberley region of Western Australia and western Cape York, Queensland.