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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Indonesia PT Bintan Alumina invest up to U.S. $ 1 billion for the construction of mineral processing and refining plant (smelter) in Bintan, Riau Islands. Director of Bintan Alumina, Zulnahar Usman said that the company is conducting a feasibility study or feasibility study smelter development. "Last year we started with the construction phase of building a dock port, and the subsequent construction of the plant (smelter)," said Zulnahar in Jakarta, Monday. Zulnahar explained, Bintan Alumina bauxite production reached 300,000 tons per year. While Bintan Alumina smelter capacity of 2 million tonnes of alumina per year. To work on the processing and refining plants, it took investors from China. But he did not want to disclose the name of the investor. He just said, the product will be...
Global Alumina Corporation announced today that its board of directors has determined the Company will hold an annual general and special meeting of its shareholders on July 2, 2013. The record date for the determination of shareholders entitled to receive notice of and vote at the annual general and special meeting has been fixed as May 30, 2013. At the annual general and special meeting of shareholders of Global Alumina, the shareholders will be asked to approve the recently announced sale of interests of Guinea Alumina Corporation that was announced on May 15, 2013. Further particulars regarding the special business to be considered and the specific time and venue for the meeting will be provided in the management information circular and proxy statement that is expected to be sent to...
Aluminium and Mubadala said they will acquire the remaining part of Guinea Alumina Corporation they don’t already own, a move that secures long-term access to bauxite used at UAE smelters. The two parties are purchasing the interests in GAC from BHP Billiton and Global Alumina Corporation, the two other partners who jointly owned the Guinean company, according to a statement from Mubadala on Thursday. The deal is part of the restructuring of their Guinean joint venture. Financial details weren’t disclosed. Mubadala entered into the $3 billion (Dh11 billion) joint venture with the three other partners in 2007. Back then, it said it would own a 8.3 per cent stake in GAC, while Dubal owned 25 per cent and the two other partners 33.3 per cent each. “Upstream development is part of the UAE’s...
There has been a change to BHP Billiton's long-held plan to exit what was once trumpeted as a $US5.2 billion ($5.29bn) alumina development opportunity in bauxite-rich Guinea. A plan in which BHP would have sold its one-third stake to the original promoter of the alumina project, Canada's Global Alumina Corporation, has been replaced with a deal under which the Middle Eastern partners in the project will pick up the stakes of BHP and Global Alumina. BHP confirmed yesterday that Dubai Aluminium and Abu Dhabi state-owned Mubadala would be jointly acquiring its stake on undisclosed terms. Global Alumina was more forthcoming, saying the pair would be acquiring its matching stake at a cost of $US38 million. Dubai Aluminium owns 25 per cent of the project and Mubadala 8.33 per cent. Although...
The UAE Dubai Aluminium Group and Mubadala, an investment fund owned by the government of Abu Dhabi, announced on May 16, they will rise to 100% in the capital of Guinea Alumina Corporation (GAC), by purchasing the shares of BHP Billiton and Global Alumina Corporation in society. Dubai Aluminium has so far 25% of Guinea Alumina Corporation against 8.3% for Mubadala. The BHP Billiton Group and Global Alumina Corporation each own 33% of the company that operates a large bauxite mine and alumina refinery in Guinea. "The upstream part of the development strategy of the aluminum industry in the United Arab Emirates. We continue to invest to give birth to a world champion in this sector, "said Waleed Al Mokarrab Al Muhairi, COO of Mubadala. "We are very pleased to continue to expand our...
Global Alumina Corporation announced today that it has signed a share purchase agreement with DM GAV Limited, a company established and owned equally by Mubadala Development Company PJSC and Dubai Aluminium, to sell all of Global Alumina's interests in Guinea Alumina Corporation Limited to DM GAV. Pursuant to the SPA, DM GAV will make a US$2 million advance payment to Global Alumina on signing of the SPA and will pay an additional US$36 million upon completion of the transactions contemplated by the SPA, which is scheduled to occur on or before August 31, 2013. A copy of the SPA will be available on the Company's SEDAR reference page at www.sedar.com. Coincident with this transaction, Global Alumina International Limited and The Broken Hill Proprietary Company Pty Limited have agreed to...
Diversified conglomerate Vedanta Resources expects to restart its alumina refinery in Odisha'sLanjigarh by July and is hopeful of securing approvals for doing mining at Niyamgiri hills in the state by September. "Management expects that the mining approvals for mining and the statutory approvals for the expansion project would be received as per the timelines mentioned below -- restart of the existing (refinery) plant (by) July, 2013," the company said in its annual financial statements for 2012-13. "Mining operations at Niyamgiri -- Mining approval (is expected) by September 2013 with production expected to commence in September 2015," it added. The London based India-focused company is also expecting to get approval for expanding the refinery -- currently closed due to paucity of...
Global Alumina Corporation announced today its financial and operating results for the three month period ended March 31, 2013. The text of the quarterly unaudited financial statements and management's discussion and analysis can be viewed or printed from the Company's SEDAR reference page at www.sedar.com. All dollar amounts are in U.S. dollars. First Quarter 2013 Financial Highlights For the three months ended March 31, 2013, the Company reported a net loss of $2,958,989 ($0.02 per share) compared to a net loss of $1,497,436 ($0.01 per share) for the same period in 2012. As of March 31, 2013, the Company had cash of $0.67 million, and a working capital deficit of $1.59 million. Subsequent Events On May 15, 2013, the Company announced that it entered into a share purchase agreement...
India's state-run National Aluminium Co Ltd (NALCO) has sold 30,000 tonnes of alumina at around $330 per tonne free on board (FOB) to a Singapore-based buyer, company sources said on Wednesday. The alumina will be shipped at the end of this month, said the sources at India's third-largest aluminium producer. NALCO, whose tenders serve as a global benchmark, last sold 30,000 tonnes of alumina at $345 per tonne FOB to a Dubai-based trader in March via a tender.
The Federal Government has approved the $1.4 billion South of Embley project near Weipa after years of wrangling. Environment Minister Tony Burke signed off on the project with 76 conditions relating mainly to the project's impact from shipping on the Great Barrier Reef. The original referral decision on the Rio Tinto Alcan project was revoked last year after environmental groups raised concerns about the reef impact. The development of South of Embley would add an extra 40 years of production to Weipa and boost Gladstone's alumina industry as well as generating about 1200 jobs. "The inclusion of the shipping impacts on the Great Barrier Reef in the revised referral has meant that Rio Tinto Alcan provided a fundamentally more comprehensive environmental impact statement which addressed...
Orbite Aluminae Inc. announces that the Convertible Debentures issued in December 2012, will begin trading today. Convertible Debentures The Debentures will begin trading today at the market open on the Toronto Stock Exchange under the symbol ORT.DB (see TSX Bulletin 2013 0468). On December 13, 2012, Orbite announced the completion of a $25 million secured convertible debenture offering. The Debentures were issued at a price of $1,000 per debenture; bear an interest rate of 8% calculated from the date of issue to be paid quarterly in arrears and mature on December 13, 2017. The Debentures are convertible in whole at the holder's option into common shares at a conversion price of $3.50 per share at any time prior to the maturity date. Further details on the Debentures are provided in the...
The Utkal Alumina International Limited, a unit of Hindalco Industries, plans to start trial production at its 1.5 million tonnes per annum alumina refinery in Odisha by the end of May, an official said Monday. The green field project at Doragurha near the district headquarters town of Rayagada, 400 km from here, was earlier scheduled for commissioning in January. However, it was delayed due to slow progress of works. "We have finally completed all preparation and by the end of this month we are going to commence production," the senior company official told IANS. The plant will operate at 25 percent capacity in the beginning. Its capacity would be increased gradually, he said. The plant is receiving coal to start the 90 MW captive power plant that will feed the refinery. "Every day we...
Pacific Aluminium, owners of the loss-making Gove refinery, have released details of the proposed 600 km Katherine to Gove pipeline, and has said that access to the pipeline would not be viable for local communities. The pipeline, which was announced in February as part of a plan to save the refinery – which employs 1,500 people though loses a reported $30 million per month – runs through several remote communities that would benefit from gas access. Pacific has said that accessing the planned high-capacity, high-pressure pipeline would be expensive and something only a major company could achieve. "Our judgement is that it is likely to be uneconomic for small communities," Pacific’s chief operations officer Duncan Hedditch told the ABC. "In future, with potentially more mineral...
An alumina refinery project, delayed by almost 20 years due to local and environmental protests, is finally ready to start trial production. The plant, at Doraguha, near Kasipur in Odisha's Rayagada district, is owned by Utkal Alumina International Ltd, a subsidiary of Hindalco Industries, which is part of the Aditya Birla Group. While the trial is likely to start during the last week of May, commercial production will take another three to five months. The plant has a 1.5Mt/yr capacity and will receive raw material (bauxite) from UAIL's mine at Baphilimali, which is around 17km from the Doraguha refinery. Odisha has been in the spotlight recently following Vedanta Aluminium's closure of its 1Mt/yr alumina refinery at Lanjigarh in the Kalihandi district. Vedanta was unable to source...
A mining company building a billion-dollar gas pipeline to the Gove alumina refinery says it will be not be economically viable for remote Arnhem Land communities to tap into the supply. Pacific Aluminium has released plans for the proposed route of its 600 kilometre pipeline from Katherine to Gove. It passes near a number of remote communities. Pacific Aluminium chief operations officer Duncan Hedditch says it is a matter for government, but he thinks the expense of the infrastructure needed to pipe gas to communities could only be met by big business. "Our judgement is that it is likely to be uneconomic for small communities," he said. "In future, with potentially more mineral exploration and development, it is certainly well within the realms of possibility that it could be used for...
Data from China Customs show that China imported 320,000 mt of alumina during April, up 14.3% YoY and 120,000 mt MoM. YTD imports through April totaled 1.36 million mt, down 5.6% YoY. SMM attributes the rebound in China’s alumina imports in April to falling Australian alumina prices. The FOB price for Australian alumina was weighted down by LME aluminum prices to USD 324/mt in April, USD 11/mt off March. Chinese aluminum smelters using imported alumina preferred domestic raw materials in May as supply of domestic alumina has increased and as imported alumina enjoys no price advantage over domestic goods. FOB prices for Australian alumina in May climbed USD 6/mt from the lowest price in April to USD 328/mt. Domestic alumina prices, in contrast, remained weak. As such, China’s alumina...
Orbite Aluminae Inc., developing pilot-scale alumina production based on the Gaspé region’s clay deposits, is broadening its top management team. Glenn R. Kelly, who has led Quebec City’s CO2 Solutions Inc., a Quebec City developer of carbon capture technology, over the past four years, was named on Tuesday as Orbite’s executive vice-president and chief operating officer. Kelly, who holds civil engineering and MBA degrees, has worked for 25 years in the energy sector and is best known for his leadership of the Rabaska liquefied gas terminal project in Quebec City — aborted mainly because of slumping North American natural gas prices. “He has extensive experience in the design and construction of industrial plants and in project management,” Orbite CEO Richard Boudreault said in a...
Construction of some new alumina capacities in China slowed against sluggish alumina prices and production cuts at aluminum smelters. One alumina producer in Henan told SMM that it will postpone the commissioning of newly-built 600,000 mt/yr alumina capacity to August from originally scheduled mid-June. Similarly, an ongoing 200,000 mt/yr alumina project in Inner Mongolia, which was originally scheduled to come online early this year, will not enter operations until July or August this year due to sluggish alumina markets. Prices for alumina long-term contracts have been tracking aluminum prices down so far this year, with the settlement price for alumina long-term contracts in May down more than RMB 100/mt from January. A number of aluminum smelters have cut or suspended production due...
