Alcoa Corporation has set the price for a USD 2.6 billion senior notes offering to help finance the cash consideration for its proposed acquisition of South32’s bauxite, alumina, and aluminium assets . Along with the cash on hand, this debt is expected to provide permanent funding for the...
Chinese researchers show that a few extra hours of CO2 curing can roughly double the wet-dry service life of red mud–CFB ash–MgO backfill, while keeping leaching of hazardous elements low even after weeks of exposure to alkaline red mud liquor. Red mud remains one of the aluminium industry’s...
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Noranda Aluminum Holding Corp. has resumed alumina production at its Gramercy, La., refinery after temporarily halting operations due to Hurricane Isaac and anticipates a return to full production in the second half of September. Noranda reduced operating levels on Aug. 28 ahead of the storm, a...
Harper International, world leader in thermal processing solutions for advanced materials, announced a new project with Orbite Aluminae Inc. for two high temperature systems in series for conversion of aluminum chloride hexahydrate crystals to high purity alumina (HPA). Orbite conducted on-site...
The US$460-million Tan Rai alumina plant in Lam Dong Province has almost been completed and the facility will be put into operation in October 2012, said the Lam Dong bauxite-alumina project management board. Tran Duong Le, the board’s deputy director, released the information at a meeting between...
Vedanta Aluminium Limited, a subsidiary of the London Stock Exchange listed multi-billion dollar Vedanta Resources group, on Thursday told the Odisha government it wants to temporarily shut down its alumina refinery in the state due to lack of bauxite by December 5. “The decision is painful because...
The steel and mines department and Odisha Mining Corporation (OMC) have expressed their inability to provide Vedanta Aluminium Ltd (VAL) alternative source of bauxite for its Lanjigarh alumina refinery because of constraints of law even as the company has sent an advance notice for shut down of the...
Alumina is one of today's best performing low-priced stocks, up 7.6% to $3.11 on 1.1x average daily volume. Alumina has traded 344,000 shares thus far today, vs. average volume of 307,000 shares per day. The stock has outperformed the Dow (7.6% to the Dow's 1.7%) and outperformed the S&P 500 (7.6%...
Vedanta Aluminium's plan to shut its alumina refinery in eastern India will not hit its aluminium output because it aims to treble imports of the raw material, a company official said on Thursday. The company, part of billionaire Anil Agarwal's Vedanta Group, intends to implement a temporary...
Orbite Aluminae said Thursday Quebec's Ministry of natural resources granted the company a 20-year renewable mining lease at its Grande-Vallee property. Shares popped 3.33 per cent to $2.17 each on the Toronto Stock Exchange on Thursday mid afternoon. The lease is a major step to support Orbite's...
Vedanta group may close its 1 MTPA alumina refinery in Odisha’s Lanjigarh by December first week as the company is facing severe shortage of bauxite, company sources said. “We are in the process of giving three month’s notice to the Department of Labour, Odisha, to close operations. It is a...
Shares in Vedanta group firms - Sterlite Industries, Sesa Goa, and Cairn India - traded lower Wednesday on news that Vedanta Aluminium (VAL) will shut down the 3 million-tonne-per-annum alumina refinery in Lanjigarh. Vedanta Aluminium is likely to send a notice to the Orissa government for shutting...
Yangquan Coal Industry Zhaofeng Aluminum’s second phase 700 thousand/year alumina project raw material plant has put into test run on 25th, July, this marked Yangquan Coal Group’s aluminum and electricity industry chain will improve further, its alumina production capacity will reach 1100 thousand...
UC RUSAL has become a sponsor of IV International Congress & Exhibition ''Non-Ferrous Metals-2012'', which will be held in Krasnoyarsk, Russia, on 5-7 September 2012. The Company will present its latest research on aluminium alloys and alumina production. The ''Non-Ferrous Metals-2012'' congress is...
Russia's Rusal, the world's largest aluminium producer, will invest $100 million in a coal-fired electricity generating plant in Jamaica, hoping to reduce power costs at its operations in the Caribbean country. Jamaica's Energy and Mining Minister Phillip Paulwell announced the company's plan...
The developer of a potentially market-changing alumina-producing technology Orbite Aluminae on Thursday said it had found a way to produce high-quality smelter-grade alumina (HGA) at a cost of about 40% less than that produced through traditional methods. President and CEO Richard Boudreault told...
Faced with acute shortage of bauxite to run its one-million-tonne alumina refinery at Lanjigarh in Odisha, Vedanta Aluminum Ltd (VAL), an arm of London-listed Vedanta Resources, may issue a notice to the state government on Monday or Tuesday to shut down the unit. The three-month notice would be...
The efforts of Anrak Aluminium Limited (AAL) to commission its Greenfield alumina refinery may not materialise in the near future with severe water shortage being experienced by the Greater Visakhapatnam Municipal Corporation. Though construction of the refinery with a capacity of 1.5 million...
Indian state-run National Aluminium Co (NALCO) has issued a tender for export of 330,000 tonnes of alumina for delivery in 2013, Commercial Director Ansuman Das said on Wednesday. The last date for submission of bids is Sept. 18. The deliveries would be made in batches between January and December...
On Aug. 29, 2012, Standard & Poor's Ratings Services lowered its ratings on Australian mining company Alumina Ltd. (Alumina) to 'BBB-', from 'BBB'. The outlook is stable. They view that the current trading conditions in the alumina and aluminum industries are more challenging than at the beginning...
