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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While residents at Nhulunbuy are fearing for their future after Chief Minister Adam Giles announced the Northern Territory government would retreated from an agreement to provide gas to help save Gove’s Rio Tinto alumina refinery, businesses in the Katherine region are worried about the economic loss the gas shenanigans will have on the region. Late last week Mr Giles said the NT?Government would withdrew an offer to release 300 petajoules - or ten years’ - worth of gas to power the refinery - a move that has 1500 jobs and the livelihoods of thousands of people on the Gove peninsula at risk. In February Rio Tinto said it would keep it’s loss-making Pacific Aluminium subsidiary at Gove up and running after the NT government said gas would be supplied from offshore fields in the Bonaparte...
AdityaBirla Group flagship Hindalco has managed to refinance Rs 4,700 crore from State Bank of India and Axis Bank for its Utkal alumina project. At an interest rate of 10.15% payable over an eight-year period, this will imply a reduction of a whopping 300 basis points from the previous loan. Scheduled to be commissioned in the second half of this year, 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% of which has been funded through debt. The project debt of Rs 4,906 crore was tied up three years ago from a consortium of 28 public sector banks, including SBI, Punjab National Bank, Bank of Baroda and Canara Bank. Interestingly, the banks had agreed to allow...
Anrak Aluminium Limited (AAL), which has almost completed work on its 1.5 million alumina refinery at Rachapalle in Makavarapalem mandal, about 100 km from here, is exploring various options to source bauxite ore with no indications to allow AP Mining Development Corporation to take up mining in the hilly terrains in near future. Faced with problems more or less like Vedanta Aluminium Limited, which is operating its one million tonne refinery at Lanjigarh in Odisha’s Kalahandi district due to opposition to undertake mining in Niyamgiri Hills by Orissa Mining Corporation, AAL is contemplating procuring bauxite ore from Gujarat and other States. AAL – floated by Ras-Al-Khaimah and Penna Cements — signed MoU with APMDC in 2007 for getting the mineral by digging bauxite ore in Jerrala and...
PT Aneka Tambang Tuesday said sales rose 37% in January-June to 6.125 trillion rupiah (596 million) from the same period a year earlier, boosted by strong sales of gold and nickel. "Antam's operational performances were in general on track," the company said in an update to investors before announcing its January-June financial results in August. The state-owned miner said it will likely commission a 490 million alumina processing plant in Tayan in October, three months ahead of schedule. The plant will have an annual capacity of 300,000 metric tons of chemical grade alumina to be sold in Indonesia and Japan.
Alumina Limited‘s stock had its “underperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. Shares of Alumina Limited traded down 1.01% during mid-day trading on Friday, hitting A$0.985. Alumina Limited has a 52 week low of A$0.660 and a 52 week high of A$1.405. The stock’s 50-day moving average is currently A$1.00. The market cap is A$2.764 billion. Alumina Limited is an Australia-based company.
Falling Australian alumina prices have forced Chinese traders at ports to cut alumina prices, Shanghai Metals Market has learned. The low-end alumina quotation at Lianyungang has now fallen to RMB 2,560/mt, down RMB 20/mt on a weekly basis. China’s alumina imports began to drop in April. China imported a mere 90,000 mt of alumina in June. Traders say Chinese aluminum smelters now prefer domestic alumina over imported material since prices of domestic alumina are more appealing, cutting into demand for imported alumina. China’s alumina imports will likely rebound some in the third quarter, SMM has learned from some traders. This is because domestic producers, especially aluminum smelters in Henan, will ramp up imports now that the FOB price of Australian alumina has slipped to USD 316.5/mt...
Anil Agarwal’s Vedanta Alumina, a unit of the London-listed Vedanta Resources, might ask the Odisha state government for a alternative mining site after its proposed mining project in the Niyamgiri hills range suffered a fresh setback today. The seventh village, of the total 12, today rejected the mining proposal through a Gram Sabha hearing. Five more villages are still to hold Gram Sabhas but with the majority verdict in, the billionaire might now find it difficult to go ahead with the original plan. Under Supreme Court’s direction the state government is conducting Gram Sabha meetings in 12 villages of two districts – Kalahandi and Rayagada. The objective is to understand the opinion of natives on a proposed mining project that the London-listed company wants to do along with the...
The FOB price of West Australian alumina fell to USD 316.5/mt last week, down USD 2.5/mt on a weekly basis and the lowest level since last September. The price decline was due largely to falling LME aluminum prices and sagging demand from China. First, LME three-month aluminum contract prices fell to USD 1,850/mt in July, close to levels seen in September 2012. Second, China’s Australian alumina imports fell in June and H1. China imported only 1.63 million mt of Australian alumina in H1, 2013, down 24% YoY. Slackening demand from China weighted Australian alumina prices down. Depressed LME aluminum prices and weak demand from China will undermine any potential towards an immediate rally in Australian alumina prices.
The Northern Territory Government has reneged on a proposed deal to supply gas to Rio Tinto's Gove alumina refinery. Earlier this year, the Government offered 300 petajoules of gas over 10 years from its domestic supply source to save the refinery, operated by Rio subsidiary Pacific Aluminium. Rio Tinto had threatened to close the refinery due to high operating costs and market pressures. At the time, this was considered a threat to the future of the town of Nhulunbuy, about 800 kilometres east of Darwin. More than half of its population of about 4,000 people are dependent on the operations of the refinery and related activities. Today, Chief Minister Adam Giles said there was never any deal in writing and he was making a new offer. The earlier agreement was negotiated by former chief...
China’s alumina output hit 3.83 million mt in June, up 8.66% YoY, and 21.38 million mt during H1, also up 12.18%, according to the China Nonferrous Metals Industry Association (CNIA). Commissioning of new capacity and completion of facility maintenance pushed China’s alumina output higher. Shanxi Xinfa Xiaoyi Alumina Plant’s 800,000 mt/yr alumina project entered trial operations in June. Guangxi Tiandong Jinxin Chemical’s capacity increased to 1 million mt/yr in June. Guangxi Huayin Aluminum’s capacity also grew to 2 million mt/yr following earlier facility maintenance. Despite falling alumina prices, the decline in caustic soda and coal prices helped reduce production costs at alumina producers. As such, there remains room for profits. Besides, the commissioning of new aluminum capacity...
Orbite Aluminae Inc. announces the issuance of an aggregate of 14,525,146 class A shares at a price of C$0.945 per share to Gastier MP Inc. and Vtek Consultants Inc., two of its suppliers, in full settlement of their respective outstanding claims. The shares are issued pursuant to settlement agreements summarized in Orbite's final short form prospectus dated July 15, 2013, which qualifies the issuance of the shares.
Utkal Alumina International Ltd, a unit of Hindalco Industries, plans to raise up to Rs 20 billion ($335.8 million) via sale of 10-year bonds, said two sources with direct knowledge of the matter. The firm intends to sell floating rate bonds benchmarked to the SBI base rate, which stands at 9.70 per cent, the sources said. Proceeds from the bond sale will be used to partly refinance existing term debt, they said, adding the bonds were rated "AA-plus" by CRISIL and CARE. The bonds have been guaranteed by the parent company.
Four days after Dongria Kondhs of Serkapadi village rejected bauxite mining in Niyamgiri hills, 33 of 36 villagers, including 23 women, of Kesarpadi in Rayagada district on Monday opposed mining in the hills, dealing another blow to Vedanta Aluminium's plans. Gram Sabhas will be held in 10 more villages in both Rayagada and Kalahandi districts and most likely all these village councils would reject the mining proposal, a source said. The Dongria Kondhs once again made it clear that if the government uses armed force to evict them to facilitate Vedanta's bauxite mining at Niyamgiri Hills, they would rather prefer to die fighting. However, a fresh wave of controversy has enveloped the process, raising doubts about its fairness. Many suspect that the Dongria Kondhs are being influenced by...
Vedanta Alumina Limited (VAL) Chief Operating Officer Mukesh Kumar on Monday meets Chief Secretary JK Mohapatra. After the meeting Mr. Kumar said the VAL hoped to receive bauxite from the State Government to run its Lanjigarh refinery plant in Kalahandi district at full capacity. Kumar said, “We hope the Inter-Ministerial Committee’s report will be positive” and the raw material supply would be according to its recommendation. Mukesh Kumar told that the VAL is now running the Lanjigarh plant at 80 per cent of the capacity. The Inter-Ministerial Committee has submitted its report to Chief Minister Naveen Patnaik for a long-term policy for raw materials supply to local industries. The VAL, citing lack of raw material, had shut its refinery on December 5 last year.
Hindalco Industries, through its subsidiary Utkal Alumina, has closed a Rp30 billion ($502 million) refinancing for its aluminium refinery project in Odisha, India. The financing, which was lead arranged by SBI and carries a tenor of 8 years, is to replace a Rp49.06 billion project financing, which signed in July 2010. Hindalco Industries plans to refinance the remaining Rp19.06 at a later point. The original financing was lead arranged by SBI, IDBI Bank and RBS, carried a tenor of 11.5 years, and priced at 325bp over the SBI base rate. A group of 25 other lenders joined during the syndication phase. The loan included a 1-year grace period, which meant that repayments were due to start early 2014 as the commercial operation date occured earlier this year. The project entails the...
ASX-listed Australia Minerals and Mining Group (AMMG) has launched a definitive feasibility study (DFS) of its South West alumina project, in Western Australia. “The DFS is the next stage of development for this project, as it will detail the design, construction, capital expenditure and operating expenditure costings necessary for pursuing financing options for a high purity alumina pilot/mini production plant,” said AMMG MD Ric Dawson. He noted that the DFS was scheduled for completion in September, and added that the company would undertake a tendering process following the completion of the study, provided that financing could be secured. Operations were expected to start by mid to late 2014. The company was also currently targeting potential investors and offtake partners. The South...
Orbite Aluminae Inc. announced today that it has filed a final short form prospectus with the securities regulatory authorities in each of the provinces of Canada, in connection with the "best efforts" marketed offering of class A shares and warrants of Orbite. As a result of today's Prospectus filing, the Offering is now expected to close on or about July 22, 2013, subject to regulatory approvals. The Corporation anticipates raising minimum gross proceeds of C$35 Million and maximum gross proceeds of C$50 Million, at a price of C$0.70 per unit, each unit consisting of one class A share and one-half class A share purchase warrant, each whole warrant being exercisable at an exercise price of C$1.00 for a period of 36 months following issuance (the "Units"). In addition, the Corporation has...
While China’s economic growth stabilises, the country’s demand for bauxite and fused alumina for refractory applications in steel production continues, and can be viewed as responsible for initiating several new projects in the bauxite-rich provinces of Henan, Guizhou, and Shanxi. Among these are Zhengzhou Jinyufeng Abrasives Co. Ltd’s new 60,000 tpa white fused alumina plant in Xinmi City, Henan province, which began construction in June. The Chinese Yuan 60m ($9.7m*) investment includes three 5000 kVA fusion furnaces and is expected on stream in June 2014. Another new white fused alumina plant is to be part of the now-completed Shanxi Xinfa Aluminum Comprehensive Cycle Project in Shanxi province. Total investment is expected to be around Chinese Yuan 80bn ($13bn) which is to include a...
