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 driving forces of NT politics – development and dependence – have been amply displayed via the issue of gas supplies for the Gove alumina operation. The owners of Gove have previously thrice rejected the option to pipe gas directly to the facility. Yet six months ago the operation (now owned by Rio Tinto following its hubristic takeover of ALCAN) demanded the NT supply natural gas or the refinery would have to close down. The then-Chief Minister Terry Mills capitulated and offered ten years of gas from the Power and Water Corporation supply contract, provided the Commonwealth built a (A$500 million) pipeline from existing facilities to Nhulunbuy. This offer was despite the fact that Rio was then trying to sell its aluminium division and so the NT was merely subsidising the sale price....
The Government of Jamaica announced today the expiration of its offer to exchange with Eligible Holders (as defined below) outstanding 8.50% amortizing notes due 2021 issued by Clarendon Alumina Production Limited and guaranteed by Jamaica for 8.50% amortizing notes due 2021 issued by Jamaica. CAP announced today the expiration of its solicitation of consents to amend certain provisions of the fiscal agency agreement under which the CAP Notes were issued. The Exchange Offer and Consent Solicitation expired at 11:59 p.m. New York City time, on August 28, 2013. The Consents delivered in the Consent Solicitation are in excess of the majority required for the approval of the Proposed Amendments. CAP expects that a supplemental fiscal agency agreement to implement the Proposed Amendments will...
It has been a divisive part of Kwinana since it opened its doors 50 years ago. This month the Alcoa Kwinana Refinery produced its 75,000,000th tonne of alumina, coinciding with last month’s 50th anniversary since the plant began operation. The refinery opened in 1963 and was the company’s first operations in Australia, with alumina produced at the plant sent to its Point Henry Smelter and turned into aluminium ingots. It helped establish the town and now City of Kwinana, with many people moving to the region to work at Alcoa and BP Refinery and still employs 900 people. However it has often drawn criticism from some residents and environmental campaigners over air pollution and its tailing areas in Hope Valley/Mandogalup. Refinery manager Tim Maclean said it had marked some significant...
The Jamaican economy is expected to record growth ranging between 0.5 and 1.5 per cent over the July to September quarter according to Director General of the Planning Institute of Jamaica (PIOJ) Colin Bullock. He was addressing the PIOJ’s quarterly media briefing on Tuesday August 27 at the institute’s office in Kingston. Bullock said the growth should be spurred by a number of factors, including the continued rollout of several capital projects approved in the 2013/14 budget. He said that the gradual restoration of investor confidence, contingent on Jamaica passing of the first quarterly International Monetary Fund (IMF) performance review, and continued global economic recovery, will also drive economic activity. Bullock also pointed to the anticipated return to positive performance...
Union Water Resources Minister to meet Odisha Chief Minister Naveen Patnaik over issue of water for Utkal Alumina project from Hirakud reservoir. This was informed by the Finance Min P Chidambaram after the meeting of The Cabinet Committee on Investment (CCI). Finance Minister P. Chidambaram said as far as the Utkal Alumina plant in Odisha is concerned, there is only one issue which is that the water for the project should be drawn from the Hirakud reservoir. "Ministry of Water Resources has written more than once to the Odisha government but there is no response. The Minister of Water Resources has been advised to meet the Chief Minister of Odisha to find out why the state government is not taking any decision on the matter," Chidambaram said. It may be noted that The Cabinet Committee...
Iran has hiked purchases of alumina from China and India in the past two months as the country scrambles to shore up supply after the U.S. tightened sanctions on raw and semi-processed materials at the start of July. Western measures targeting Iran's disputed nuclear programme have hit many sectors of its economy including industries producing steel and other metals, where it is heavily dependent on imports. Tehran says its atomic work is peaceful. Tightened U.S. sanctions came into effect on July 1 that extended a ban on aluminium metal to cover raw and semi-finished metals as well. China and India have won waivers from any U.S. sanctions on their financial system related to trade with Iran because they have cut imports of Iranian oil. China's alumina exports to Iran jumped to record...
In what would have been a win-win situation, Nalco could have channelled its surplus alumina to Anil Agarwal’s Vedanta Aluminium, which is starved of the input to make aluminium, and in the process improved its earnings as well. But severe resistance from the state-owned company’s employees’ union, opposed to supplying to a private sector competitor, has prevented the management from taking a decision. Currently, Vedanta’s 1-million-tonne (mt) alumina plant at Lanjigarh in Orissa is operating at 50% capacity because it has to procure costly bauxite from Gujarat and Chhattisgarh as mining at Niyamgiri in Orissa has got bogged down due to tribal rights issues. About a year ago, Vedanta had proposed that Nalco to supply it the surplus, exportable alumina on which it was ready to pay a 5-10%...
Mining companies have been cheering the fall of the dollar, none more so than Melbourne-based Alumina, which has disclosed a $US30 million ($33m) annual profit before tax price sensitivity to just a 1c move in the US exchange rate. For a firm that has been struggling to break-even at best of late, the fall in the dollar from a first half average of $US1.01 to US90c in recent days has provided what Alumina chief executive John Bevan described as "significant leverage". He was speaking after Alumina posted an underlying loss of $US7.2m for the June half, an improvement on the $US13.1m loss in the previous corresponding period. The improvement came from productivity gains in the operations of the Alcoa-managed AWAC, owned 40 per cent by Alumina and its only operating interest. Mr Bevan said...
Alumina has narrowed its first-half loss as the company's aggressive cost cutting began to bear fruit, and a higher US currency helped to trim production costs. Alumina, a refiner of the white granular material used to make aluminum metal, said its net loss in the six months through June was US$2.4 million. A year earlier, it reported a loss of US$3.8 million. Still, Alumina's shares slumped in Sydney after it said the outlook for alumina prices remained weak. Prices of aluminum--used in products ranging from soft-drink cans to cars--have been weighed down by oversupply as developing countries such as China and Russia boost production. The benchmark aluminum price on the London Metal Exchange is down nearly 10 per cent this year. "The outlook for aluminium and alumina pricing remains...
Pacific Aluminium is stalling on discussions about the future of the Gove alumina refinery and won't meet the Territory Government until at least mid-September. In parliament yesterday, Chief Minister Adam Giles said he had requested a meeting "as soon as possible" to discuss the Government's latest gas supply offer with Phillip Strachan, the acting chief executive and president of the Rio Tinto subsidiary. In the meantime, the East Arnhem town of Nhulunbuy continues to hold its breath in hope that a deal can be struck to save the 1500 jobs linked to the refinery and mining operations. A Pacific Aluminium spokesman said they would eventually meet with Mr Giles to discuss Gove. "However, to ensure the discussion is valuable for both of us, we need some time to consider the gas supply...
National Aluminium Co Ltd plans to raise its alumina exports by 40 per cent to 1.4 million tonnes this fiscal year, its production chief said, helping the country increase its dollar inflow amid a plunge in the rupee. Asia's third-largest economy is looking to boost exports and lower imports of commodities such as gold to arrest a steep fall in the rupee, which sank to its lowest on Tuesday. The fall in the rupee has helped National Aluminium, better known as NALCO, raise its exports, said S.S. Mohapatra, the production director of the state-owned company. The overseas shipments of NALCO, India's largest exporter of alumina, could raise about $400 million based on current prices. "Our earnings will be proportionate to the rise of dollar," Mohapatra told Reuters, adding that NALCO was...
"The fate of Nhulunbuy continues to hang in the balance as the Northern Territory government and opposition trade barbs over who is responsible for the escalation of the situation. Leader of the Labor opposition, Delia Lawrie, on Tuesday called for a censure motion of the government over the issue. Nhulunbuy, a town of about 4000 people, is facing major unemployment if the diesel-run alumina refinery at neighbouring Gove is forced to close due to high operating costs and the low price of alumina. In February, former Country Liberal Party chief minister Terry Mills announced a deal to keep the refinery open by releasing gas to help it with running costs. It's operated by Rio Tinto subsidiary Pacific Aluminium (PacAl). But last month, Chief Minister Adam Giles said the government never...
Alumina Limited was downgraded by equities research analysts at Bank of America Corp. to an “underperform” rating in a research note issued to investors on Monday, Stock Ratings Network reports. Alumina Limited traded down 3.79% during mid-day trading on Monday, hitting $3.55. 65,987 shares of the company’s stock traded hands. Alumina Limited has a 52-week low of $2.87 and a 52-week high of $5.26. The stock has a 50-day moving average of $3.69 and a 200-day moving average of $4.13. The company’s market cap is $2.491 billion. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Alumina Limited from an “underweight” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, one has given a...
Aluminium contributes nearly 75% to company’s profit Hindalco Industries will be producing around 3 million tonnes of alumina and 1 million tonne of aluminium from 2014, as production from the company’s Mahan and Utkal Alumina will come on-stream. Mahan aluminium smelter, in Madhya Pradesh, is under commissioning and trial production has started. This project includes a smelter-power plant complex, comprising of 359 kilo tonnes per annum aluminium smelter and a 900 mega watt captive thermal power plant. The project has access to the Mahan coal block through a joint venture with Essar Power. Hindalco holds a share of about 3.6 million tonnes per annum in the coal block. Mahan coal block has received stage 1 clearance from Ministry of Environment and Forests and is awaiting stage two...
On July 31, 2013, The Government of Jamaica announced an offer to exchange with Eligible Holders of the 8.50% amortizing notes due 2021 issued by Clarendon Alumina Production Limited ("CAP") and guaranteed by Jamaica. Jamaica is offering to exchange any and all CAP Notes held by such Eligible Holders for 8.50% amortizing notes due 2021 to be issued by Jamaica pursuant to the invitation to the exchange and consent solicitation statement, dated July 31, 2013. In conjunction with the Exchange Offer, CAP commenced a solicitation of consents to amend certain provisions of the fiscal agency agreement under which the CAP Notes were issued, which will have the effect of eliminating certain covenants, change of control restrictions and events of default contained in the CAP Fiscal Agency Agreement...
Orbite Aluminae Inc. has confirmed that it plans an equity offering within the coming weeks. Wednesday's announcement came after the close of markets in which stock in the development stage ore producer plunged nine cents, or more than 18%, to 40.5 cents on heavy volume of more than 6.3 million shares. That left the company with a market cap of $80.6 million, based on 198.9 million shares outstanding. The 52-week range is $3.93 and 47.5 cents. Orbite said in a press release it was reviewing a number of financing options, including the reassessment of the terms of the offering provided in the corporation's prospectus issued July 15. We are committed to our primary objective of completing construction and optimization of our HPA (high-purity alumina) production facility and are confident...
Alcoa Australia was fined $27,500 in Perth Magistrates Court last week for allowing dust from its alumina refinery facility in Wagerup to escape from its boundary into the environment. The court was told dust from Alcoa’s residue disposal area crossed over the boundary of the site into the environment on May 29, 2011. This was in contravention of Alcoa’s operating licence and the Environmental Protection Act 1986. Magistrate Paul Heaney also ordered Alcoa to pay $1849 in costs. After sentencing, Department of Environment Regulation acting director general Jason Banks said prosecution was only one of the many tools available to the department to achieve compliance. An Alcoa spokeswoman said the breach was unintentional and involved dust from bauxite residue drying areas crossing the...
Hindalco Industries, the manufacturer of non-ferrous metals would save nearly Rs 150 crore of interest payment on annual basis following refinancing of Utkal alumina project, Managing Director, D Bhattacharya told CNBC-TV18. The Aditya Birla group company refinanced Rs 4700 crore loan from State Bank of India and Axis Bank for its Utkal alumina project, according to The Economic Times report. At an interest rate of 10.15 percent payable over an eight-year period, this will imply a reduction of a whopping 300 basis points from the previous loan. Utkal is a 1.5-million-tonne refinery that will feed the company's Mahan and Aditya smelters in Madhya Pradesh and Orissa, respectively. The total project cost is Rs 7,009 crore, 70 percent of which has been funded through debt. “Now that the...
