The US aluminum trihydrate market strengthened in September 2026 as downstream procurement, rising overseas production costs, and shipping bottlenecks supported prices. In contrast, Bosnia’s market faced a quarterly correction as European buyers drew on accumulated inventories and lower caustic soda costs eased manufacturing pressures, highlighting diverging regional price trends. US aluminum trihydrate market gains on demand and supply constraints US aluminum trihydrate prices increased 2.38% month over month in September, supported by purchases from wire and cable manufacturers, electrical infrastructure compounders, and electric vehicle (EV) component producers. Demand remained particularly resilient for applications involving low-smoke cable compounds and flame-retardant materials....
China-based China Aluminum International Engineering Co., Ltd. (CHALIECO) has won a bid for an engineering, procurement and construction (EPC) contract valued at approximately USD 833 million for a proposed alumina project in Vietnam, adding to investment activity in the country’s mineral processing sector. The project, being developed by Binh Phuoc Ore Mining and Beneficiation Joint Stock Company, is designed to process 2.4 million tonnes of alumina annually. The proposed contract is valued at around CNY 5.595 billion (USD 839.04 million), with completion expected within 27 months of the contract’s effective date. CHALIECO to oversee turnkey refinery development Under the proposed turnkey arrangement, CHALIECO’s responsibilities will cover the full project delivery process, from...
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The major projects benefiting from mining sector investment in Brazil's Pará state are Vale's Carajás Serra Sul S11D and Votorantim Metais'(VM) Alumina Rondon. That's according to Pará state's minerals industry association, Simineral. The association's president, José Fernando Gomes Júnior, told BNamericas this week the local minerals sector could receive around US$47bn in investment over the next four years. He said: "Mining companies will invest US$34.0bn in Pará until 2018. Another US$13.0bn will be invested in infrastructure, mineral processing and other businesses such as biodiesel production." He added that Vale's project would generate more than 3,000 direct jobs and produce 90Mt/y of iron ore, roughly equivalent to the total production of Vale's five open pit mines on the northern...
Odisha State Pollution Control Board will hold public hearing of the much-delayed project at Lanjigarh on July 30 The controversial project of Vedanta group to expand Sesa-Sterlite's Lanjigarh refinery is set to revive with Odisha deciding to undertake public hearing of the project later this month. Odisha State Pollution Control Board will be holding the public hearing of the much-delayed project at Lanjigarh itself on July 30, the state agency has said. Incidentally, the London-based Vedanta Resources was not hopeful about getting the approval for the project. "With regard to the expansion project at Lanjigarh, the company's fresh application for environmental clearance is in process and in the meantime the expansion plans are on hold," Vedanta had told its global investors on May 15....
Aluminum Corporation of China (CHALCO) said it entered into a joint venture agreement with Hangzhou Jinjiang Group Co., Ltd. to jointly establish Guizhou Huajin Aluminum Co., Ltd. with a registered capital of temporarily amounting to Rmb1 billion. CHALCO and Jinjiang Group will contribute Rmb 600 million and Rmb 400 million. Upon the establishment of Huajin Aluminum, CHALCO and Jinjiang Group will hold 60% and 40% equity interest respectively in Huajin Aluminum. The construction of Qingzhen Alumina Project involves an investment of about Rmb 3.8 billion, among which Rmb 1 billion will be financed by Huajin Aluminum by internal funds while the remaining investment will be made by Huajin Aluminum through the application of bank loans.
Russian aluminum giant UC RUSAL has pledged 75% of its Irish alumina plant Aughinish Alumina against a credit from Glencore for alumina supplies in 2014-2016, as seen by PRIME economic news agency in a document that metal giant Norilsk Nickel has sent to its major shareholders on Wednesday. The credit agreement includes a $400 million prepayment. The credit is provided at LIBOR plus 4.95% and must be redeemed before the end of 2016. As of April 31, stakes of another 10 RUSAL were used as collateral to secure credits. RUSAL has frozen payments on $5.15 billion worth of syndicated loans from April 8 till July 7. The creditors agreed not to take any action against any company of the RUSAL group not to trigger a default under the initial loan agreement. RUSAL’s net debt amounts to more than...
China’s alumina imports plunged 90.4% to 313,000 tonnes in May due to waning demand, Shanghai Metals Market learned. Chinese aluminum smelters preferred domestic alumina due to lower prices, curbing appetite for imports, SMM understood. The imports soared by 56.28% year-on-year, though, and year-to-date imports through May totaled 2.08 million tonnes, up 53.4% year-on-year. Alumina prices in Guangxi and Shanxi fell to 2,200-2,350 yuan per tonne ($ 357-381 per tonne) in mid-May due to mounting inventories at producers and sluggish aluminum prices . These prices were 300 yuan per tonne below those for imported alumina at the Port of Lianyungang. Domestic alumina thus gained favor. In addition, imported alumina was piling up at ports in May as inbound shipments soared to 596,000 tonnes in...
Orbite Aluminae Inc. announced today that shareholders have approved all resolutions put forth at the Annual and Special Meeting of Shareholders held in Montréal, Québec, on Thursday, June 19, 2014. Shareholders elected each of the Corporation's nominees for director by the following votes cast by ballot: Director Votes For % For Votes Withheld % Withheld Claude Lamoureux 61,954,112 99.43 352,219 0.57 Glenn Kelly 61,963,337 99.41 368,494 0.59 Stephane Bertrand 60,803,458 97.59 1,501,313 2.41 Peter Crossgrove 61,853,357 99.28 451,414 0.72 Pascal Decary 61,334,352 98.44 968,919 1.56 Lionel Leveillé 60,584,788 97.24 1,719,983 2.76 Pierre Meunier 61,061,382 98.00 1,243,389 2.00 Shaun Usmar 61,365,442 98.49 939,328 1.51 Christian Van Houtte 60,875,937 97.71 1,428,834 2.29 Shareholders voted to...
The plans of building alumina refineries by bauxite producers in Indonesia are getting delayed due to legal uncertainty over export ban that was imposed nearly five months ago, said government & industry officials. The Constitutional Court of Indonesia has to still decide on a legal challenge against the mineral export ban imposed by Indonesian government to force miners build refineries as well as processing plants. Before the export ban was imposed, Indonesian bauxite accounted for almost 12% of the global aluminium production with China taking huge shipments of the metal for processing into alumina, a stage in aluminium production. About five alumina refinery projects are under construction in Indonesia according to industry officials, but due to legal uncertainty has forced the firms...
Chinese commodities trader CITIC Resources Holding Ltd said on Wednesday that 123,446 tonnes of its alumina stored at Qingdao port were missing. The port, China's third-largest, has been at the centre of an investigation into alleged fraud. "The company has been notified that in the enforcement of the sequestration orders obtained by the group, the Qingdao court has been unable to sequester about 123,446 MT (metric tonnes) of alumina which the group has stored at Qingdao port," the firm said in the statement to the Hong Kong stock exchange. The firm, a unit of China's biggest and oldest state-owned financial conglomerate CITIC Group Corp, said it would conduct its own investigation to ascertain why the court had been unable to enforce its sequestration order in full. CITIC said it had...
Abu Dhabi’s Saif Al Khaili Group will make caustic soda and chlorine derivatives to meet the rising needs of local heavy industries. The plant will be the country’s first to produce caustic soda and other chlorine derivatives, to be used in various industries from aluminium and oil, to steel and chemicals, with an expected production capacity of 400,000 tonnes per year. The Emirates Chemical Factory is the first-of-its-kind production plant in the country and will not only widen Saif Al Khaili’s production portfolio but considerably add to the UAE’s non-oil GDP. The production plant is as an important step towards diversifying Abu Dhabi’s economy, in line with the emirate’s Economic Vision 2030. The factory, whose Musataha agreement is valid for 50 years, will be set up in Kizad’s mixed...
Alcoa World Alumina & Chemicals Signs Letter of Intent to Pursue Sale of its Stake in Jamalco Alcoa confirms that it has signed a non-binding Letter of Intent with Noble Resources UK Limited to pursue a sale of its ownership stake in Alcoa Minerals of Jamaica, L.L.C (AMJ), which operates the Jamalco bauxite mining and alumina refining joint venture. Jamalco is owned jointly by AMJ (55%) and Clarendon Alumina Production Ltd. (45%). The decision is in line with Alcoa's global strategy to reshape its upstream portfolio and lower the cost base of its commodity business. In the proposed transaction, Alcoa would retain a minority interest in AMJ and serve as Jamalco's managing operator for at least two years. Employees would remain employed by Jamalco. Work will continue on pursuing an energy...
Multi-mineral solutions provider Ashapura Minechem is set to acquire BSE listed Orient Abrasive for INR 400 crore, according to two people close to the negotiations. Bombay Minerals, a wholly-owned subsidiary of Ashapura Minechem, has agreed to buy the 25.52 per cent promoters' stake in Orient Abrasive, they said, adding that the deal is likely to be signed by the end of June. As per the takeover regulations, Ashapura Minechem is expected to make a mandatory open offer for another 26 per cent stake in the company, which is promoted by Gopal Rafgarhia and family. The buyer is making an open offer of between INR 31 and INR 33 per share, the persons quoted earlier said. Till the time of going to press, Orient Abrasive and Ashapura Minechem had not responded to ET's email query on the...
Iranian researchers from Materials and Energy Researcher Center tried to modify the properties of thermal insulations used in turbines and thermal engines through nanotechnology. Results of the research may help the increase in thermal efficiency and lifetime of gas turbines and diesel engines. Thermal block coating (TBC) is a thermal insulation that is used in gas turbines and engines. Among other applications of the coating, mention can be made of protecting thermal and mechanical pieces against hot corrosion and erosion which increases the lifetime of the pieces. When the results of the research are used in thermal block coatings, thermal loss decreases and concurrently average temperature in combustion chamber increases in diesel engine and gas turbine. In other words, the results of...
Chinese investors are planning to build an aluminium plant in West Kalimantan and also an industrial park in West Java, which would have a total investment of around US$1.6 billion, said a minister. On Friday, MS Hidayat, the Industry Minister said Chinese firms were looking for local partners to build jointly and operate the aluminium smelter. “They may source raw materials from the eastern part of Indonesia,” he told reporters after meeting officials from China’s Guangxi Zhuang Autonomous Region. Hidayat added, the Chinese investors were also preparing for the construction of the industrial park, set to be located in a 1,000 hectare area in Bekasi, near Jakarta. Indonesia has become a destination for major investment for the Chinese companies. In the last two years, Indonesia has seen a...
Orbite Aluminae Inc. today announced it has appointed Diane Néron as its new Director of Engineering. The Company also provides a progress report on the status of delivery of its calcination system. Ms. Néron, who will initially be supporting the Company's efforts to complete its 3 tonnes per day HPA facility at Cap-Chat, Québec, was mandated to head the technical aspects of the Company’s waste monetization initiatives, including its engineering and process optimization. Orbite’s proprietary process enables the extraction of valuable materials from a wide variety of industrial waste sources, including red mud, fly ash and mine tailings. A crucial step towards commercialization and one in which Ms. Néron will play a key role, will be the conversion of the HPA facility to the Company’s...
Australia Minerals and Mining Group Limited announces the successful completion of an integrated plant study (Study), which was based on the kaolin to high purity alumina (HPA) process flow sheet specifically researched and developed by AMMG. The Study was conducted by AMMG’s specialist engineering consultants (Consultants). The Study’s findings indicate significant cost savings to capital (Capex) and operating (Opex) expenditure for AMMG’s proposed HPA processing pilot plant (Plant). The objective of the Study was to further develop major operating parameters within AMMG’s process flow sheet by incorporating several efficiencies. The Study was conducted in conjunction with an optimization test work program(Test Work), which was commenced by the Consultants in February 2014 and is nearing...
According to a market survey of iAbrasive last week, as the increasing capital shortage problem gets worse, market transaction of aluminum oxide is likely to experience further restraint. China alumina oxide market began to show a weaken tendency last week and the increasing market price was put on hold. It is reported that there were no spot transactions of import aluminum oxide last week. Compared to Australia FOB 320 dollars per ton in previous weeks, some of the sales quotation witnessed a drop to 312 dollars per ton. Although there was neither specific long-term contract for the price nor is it exclusive to Australia-made, the CIF Australia remained 330 dollars per ton. On Friday (May 23rd) the price index of "Metal Bulletin" aluminum oxide was 315.84 dollars per ton, which remained...
Orbite Aluminae Inc. announces that its annual and special meeting of shareholders (the “Meeting”) will be held on June 19, 2014 at 10:00 AM ET at the Fairmount The Queen Elizabeth (Jolliet Conference Room),900 René-Lévesque Blvd West, Montréal, Québec. Orbite will also be broadcasting the Meeting live via a public Webcast. To listen to the Meeting, please visit www.orbitealuminae.com/en/investors/ prior to the start of the Meeting and follow the registration instructions. The Meeting will be held in English and French, with simultaneous translation into in both languages. The webcast will be available in French and English. The Corporation’s Management Information Circular describing the business to be dealt with at the Meeting is available on Orbite’s website or at www.sedar.com.
The Clarendon Alumina Production Limited (CAP) which has been a drain on the public purse for years, has been transformed into a self-financing entity which no longer has recourse to State funds. Contributing to the Sectoral Debate in the House of Representatives last Wednesday, mining minister Phillip Paulwell said CAP has not been able to call on the Consolidated Fund since May of last year. According to Paulwell, the self-financing status is largely due to new financing arrangements secured with the Noble Group. The arrangement with the Nobel Group involves the forward sale of bauxite which, Paulwell said, is unlike the previous agreement as it "does not lock us in a losing cycle". The Noble Group, the minister said, will provide US$120 million financing between 2013 and 2016, and buy...
