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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Aluminum Corp. of China Ltd., the country’s biggest producer, is seeking to tap bauxite resources and build processing plants abroad after Indonesia, the largest supplier to China, curbed exports. The company plans to build an alumina facility with a capacity of 1 million metric tons a year in Indonesia as the first phase, President Luo Jianchuan said in an interview on Nov. 30 in Chongqing. “We’re still doing a feasibility study” and the earliest date for completion of the first phase is 2014-2015, he said, without specifying the cost. Bosai Minerals Group Co. is also considering an investment. Indonesia banned exports of some mineral ores starting in May, except for mining business license holders that plan to build local processing plants. Those shipments are subject to a 20 percent...
Vednata Aluminium Ltd (VAL), which had given a three-month advance notice to the Odisha government for closure of its Lanjigarh alumina refinery from December 5 citing unavailability of bauxite, may not relent on its decision as there is still no solution to the raw material problems. Though the company top including group chairman Anil Agrawal and VAL MD SK Rungta called on the state chief minister and chief secretary seeking alternate arrangement for supply of bauxite to the plant, there has been no progress in this regard making the shutdown of the plant by the given deadline an inevitable outcome. “In the recent meeting between the state government and Vedanta officials, the government could not come out with a solution to arrange bauxite for the Lanjigarh refinery. The company has no...
Minister of Science, Technology, Energy and Mining, Phillip Paulwell, says he is confident that the Alpart bauxite and alumina plant at Nain, St Elizabeth, will re-open soon, as discussions with U C Rusal, the majority share-holders and operators of the plant, are going well. Addressing a Rural Electrification Programme (REP) lighting ceremony, in Powell Town, Southfield, St Elizabeth, (Wednesday November 28), the Minister said the latest round of discussions with representatives of U C Rusal took place on Tuesday, November 27, and that another is scheduled for the near future. “We have to get Alpart re-opened, we have to get our bauxite/alumina back to where it was, and we have to get employment going. I have said to the representatives of UC Rusal, what you have there is precious to us,...
Tension prevailed at the Anrak alumina refinery plant area here on Wednesday after police authorities arrested a group of agitating farmers for trying to prevent lorries carrying raw materials from entering the plant. The police booked former Praja Rajyam party (PRP) leader Ruttala Errapatrudu, who was leading the protesting farmers, and the protestors on charges of attempt to murder, based on a complaint filed by the owners of the lorries. According to the police, the farmers' leader threatened the drivers and the cleaners with deadly weapons. A large posse of cops was deployed in the five villages of G Venkatapuram, Rachapalli, Koduru, Kottapalem and Dharmavaram surrounding the plant from Tuesday onwards after a warning was issued by Errapatrudu. Alleging irregularities in the...
A mechanical failure at a central Queensland alumina refinery has released an unknown amount of chemical waste into a residential area of Gladstone. Queensland Alumina's refinery in Gladstone is the largest in the world. The refining process creates the toxic by-product 'red mud', which is stored in nearby dams. A letter from the company to Gladstone residents advises a gasket at the site failed on Tuesday night. It says that caused an unspecified amount of the waste material, which appears as a fine red spray, to disperse towards the suburb of Sun Valley. The by-product can damage paint and appears to be on some windows and cars in small quantities in the residential area. The company says no-one was injured and it has advised regulatory authorities of the incident. It says it will not...
Acquisitive Investments Limited. today announced that, on November 21, 2012, Acquisitive Investments acquired 6,000,000 common shares ("Common Shares") of Global Alumina Corporation ("Global Alumina") at a price of approximately CDN$ 0.14 per Common Share (the "Transaction"). The aggregate cash consideration paid by Acquisitive Investments for the 6,000,000 Common Shares was US$ 840,000 (CDN$ 838,320 based on the Bank of Canada nominal noon exchange rate for November 21, 2012). Immediately following completion of the Transaction, Acquisitive Investments had ownership and control over 21,000,000 Common Shares or approximately 11.5% of the Common Shares outstanding at such time. For purposes of calculating the percentages of Common Shares owned by Acquisitive Investments, Acquisitive...
The Hainan Joint Enterprise Business Service Co. Ltd. and its Indonesian partner company, PT Indopura Resources, plan to construct a bauxite refinery worth US$700 million in Batam, Riau Islands. The factory is expected to employ 5,000 workers. PT Indopura Resources director Cedric Lam, its managing director Arief Winata and Hainan Joint Enterprise managing director Xi Cheng Xian said in a press conference on Wednesday that the factory was scheduled to begin operating in 2014. According to Arief, the construction of the factory will take one year to complete. “The land is available for the construction of the refinery,” he said. “We chose Batam because the city has a sufficient electricity supply and clean water,” he added. The refinery is expected to distill 2.7 metric tons of bauxite...
Habanero Resources announces commencement of the 2012 diamond drill program in its Grand-Vallée North Aluminous Clay Prospect, Gaspe, Quebec. Drilling will consist of approximately 800 metres, 8-hole drill program designed to test three of the highest priority aluminium in soil geochemical anomalies defined during the summer and fall 2012 exploration. A series of 3 holes, totalling approximately 300 metres have been tentatively assigned to test each of the 1st and 2nd high-priority anomalies; while 2 holes, totalling 200 metres have been allocated to the 3rd high-priority anomaly. At the 1st high-priority drill target, intermittent outcrops of red claystones are exposed in road cuts over a 140 metre east-west trending zone where four 2011 rock grab samples returned analyses up to 22.99%...
India's state-run National Aluminium Co Ltd (NALCO) has finalised a long-term export contract for 300,000 tonnes of alumina for deliveries in 2013 at 16.56 percent of the LME aluminium price on a free on board (FOB) basis, company sources said on Saturday. The Hong Kong- based buyer, whose name was not disclosed by the sources, will receive the alumina in batches between January and December next year. The company sources declined to be identified because they were not permitted to speak to the media. NALCO, whose tenders serve as a global benchmark, in September sold 330,000 tonnes of alumina for deliveries in 2013 to a Singapore-based buyer at 16.07 percent of the LME aluminium price on an FOB basis.
As the tribal inhabitants were totally against mining in Niyamgiri hill despite the assurance by the State Government for peripheral development, it is now the locals of Thuamul Rampur block who have raised their voice against bauxite mining at Baflamali hill. Baflamali hill, spread over 1388.74 hectare of land, stretches from Rayagada’s Kasipur to Kalahandi’s Thuamul Rampur. Utkal Alumina is going to mine bauxite from the hill which will affect hundreds of villagers in three gram panchayats surrounding the hill. With full of natural resources, the hill is filled with medicinal plants. Around 50 streams are flowing from the hill, whose water is stored at the Indravati reservoir. Thousands of farmers of Kalahandi and Chhatisgarh are getting irrigation facility from the dam. The local...
Quebec firm seeks to build aluminum oxide facility that could cost up to $1 billion A Quebec company hopes to build an aluminum oxide refinery in Nova Scotia that would cost upwards of half a billion dollars and could employ 200 to 400 people. “It’s not a small thing,” Richard Boudreault, president and chief executive officer of Orbite Aluminae Inc., said in an interview from the company’s Montreal headquarters Wednesday. Orbite, which is building an aluminum oxide refinery in Quebec, has been granted an exclusive three-year option to acquire the mineral claims and exploration rights of the Chaswood kaolin clay and sand property from AlNova Mining Inc. of Bridgetown. The Chaswood property consists of 163 claims on 2,608 hectares in the Musquodoboit Valley near the Maritimes & Northeast...
Orbite Aluminae Inc. has developed a hydrochloric acid technology using up-to-date advanced process and hardware solutions. One of the advantages of the technology helping in energy saving is using pressure leaching to avoid pre-calcination of ore. The technology was initially developed for local Grande-Vallée aluminium bearing clays (Quebec), but subsequently tested for other alumina bearing raw materials including bauxites, red mud and fly ash and tested at a pilot plant in Cap-Chat (Quebec). By the end of 2012 company executes the project to convert the pilot plant into high purity alumina facility, while next step will be building first commercial plant of 550 ktpa using this technology. UC USAL is partner of Orbite Aluminae in this project, also offering process improvements based on...
Vietnam state mining group Vinacomin has signed a $300 million government-guaranteed loan with a consortium of foreign banks led by Citi Vietnam to fund the nation's first alumina refinery, the bank said in a statement on Thursday. The loan is for a 13-year period and has been guaranteed by the Finance Ministry, said Citi Vietnam, a unit of Citibank. A consortium of foreign banks, including the Mizuho Corporate Bank Ltd, Sumitomo Mitsui Trust Bank Ltd and the Bank of Tokyo-Mitsubishi UFJ Ltd will provide the loan, the statement said. The Tan Rai alumina plant - located in the Central Highland province of Lam Dong - has faced a series of delays. Production was initially slated to start in the last quarter of 2011, but behind-schedule construction and incomplete administrative procedures...
Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea, announced today its financial and operating results for the three and nine month periods ended September 30, 2012. 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. Third Quarter 2012 Financial Highlights --In the first nine months of 2012 the joint venture partners contributed capital of 40.2 million towards the approved Project budget with the Company contributing its 13.4 million one-third share. --At September 30, 2012,...
It is reported that annual 800 thousand tons aluminum strip of Guizhou Galuminium Co., Ltd will produce qualified alumina products this month. The plant can produce more than 30 thousand tons of qualified aluminum strip this month, to be sold in spot market according to the company, Guizhou Galuminium Co., Ltd. With favourable forwarding advantage, Guizhou can send alumina to nearby provinces like Yunnan, Sichuan, Guangxi and Hunan, Sinkiang, Qinghai, Gansu and Shanxi. As the key project in Guizhou province Galuminium has made huge investment to start the project. This project adopted Bayer process and became the biggest single capacity alumina production line, the most economical alumina production unit and the lowest comprehensive energy consumption of alumina production system....
In May of this year the Indonesian Government imposed a ban on the export of unprocessed raw materials but this week the Supreme Court of Indonesia set aside the ban, meaning the government is no longer permitted to interfere with the mineral exports industry. This conflict between the Supreme Court and the Government is significant as Indonesia is a major global exporter of materials such as thermal coal, tin, nickel-bearing laterites and bauxite. For each of these, Indonesian exports are critical to global supply. The likely biggest impact will be on global bauxite trade, as UBS suggests Indonesian exports may recover from around one million tonnes per month now to pre-June levels of more than five million tonnes per month. If the bauxite price falls as a result of Indonesian exports...
Australia’s federal government has agreed to back the construction of a proposed gas pipeline to supply Rio Tinto’s struggling Gove aluminum operations in the country’s Northern Territory. According to The Australian, the Territory's government is expected to sell up to 13% of its gas supply to keep the miner’s plant operational, since it is the regions largest private enterprise. Rio warned in September it was undertaking a review of the Gove bauxite mine and alumina refinery since it started losing about $200 million a year – mainly due to the high costs of heavy-diesel power generation. The evaluation would address a range of alternatives, including the suspension of refinery operations until economic conditions improved. Gove employs about 1,400 people and produces over ?8.2 million...
Bank of America upgraded shares of Alumina Limited (NYSE: AWC) from a neutral rating to a buy rating in a research report released on Friday morning. Shares of Alumina Limited opened at 3.99 on Friday. Alumina Limited has a one year low of $2.65 and a one year high of $6.42. The company has a market cap of $2.433 billion and a P/E ratio of 55.42. Alumina Limited is an Australia-based company. The Company is engaged in investing in bauxite mining, alumina refining and selected aluminum smelting operations through its 40% ownership of Alcoa World Alumina and Chemicals (AWAC).
