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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The State of Pará in Brazil has decided that, effective from September 10, 2012, ICMS tax will again be collected from the fuel oil distributors, exempting Hydro's alumina refinery Alunorte from the ICMS tax. A change took place March 1, 2012, changing the collection point for ICMS tax from...
United Company Rusal Plc, the world’s biggest aluminum producer, is seeking Chinese partners to set up joint venture factories in Russia’s Siberia region, the Beijing-based Jinghua Times reported Monday. The Russian company, which accounting 9 percent of global alumina and aluminum output, just...
Indonesia and China have agreed to jointly produce alumina, commodities processing of bauxite into aluminum upstream raw material industry with aluminum ingot products, amounting to two million tons per year. The deal is a series of signing a memorandum of understanding between the PT Indonusa...
Labour unions in Guinea have called on the government to cancel Rusal’s 2006 contract for the purchase of the country’s Friguia bauxite and alumina complex. Rusal says the demands have no legal ground. The world's largest aluminium producer said on Friday that it intended to protect its ownership...
Guinean labour unions backed by the main worker federation, CNTG, have asked the government to annul a 2006 contract selling the country's Friguia alumina refinery to Russia's UC RUSAL , a union leader said. RUSAL paid $19 million in 2006 for the refinery, a price the current government has said is...
An alumina refinery in China that is 33% owned by Chalco has been closed down by authorities temporarily on environmental grounds. The refinery is located in Guangxi, South Western China and has been closed following an order from the Ministry of Environmental Protection last week. The country’s...
Hindalco Industries Ltd. (HNDL), India’s second-largest aluminum maker by output, plans to sign an agreement to borrow 100 billion rupees ($1.8 billion) as early as next month, according to two people familiar with the matter. The interest rate for the 12 1/2-year term facility, which will finance...
Tribals from Rayagada's Kashipur block have vowed to stop Utkal Alumina International Limited (UAIL) from mining at Baphlimali hills alleging that the company has backtracked on its promises. "The company promised to bring about all round development of the affected villages and started...
Alumina Limited chief executive John Bevan has said that the miner could be interested in buying BHP Billiton Ltd's alumina assets, following reports that BHP is considering selling its bauxite, alumina and aluminum assets in Brazil, according to The Australian Financial Review. “Alumar [in Brazil]...
Alumina Ltd expects the short-term outlook to remain volatile, but flagged an end to China's control over aluminium prices after swinging to a big loss in the first half of the year. For the six months to June 30, Alumina posted a net loss of $14.6 million, compared to a $67.7 million net profit in...
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 (the "Project"), announced today its financial and operating results for the three and six month periods...
Alumina Limited has cut its forecast output for alumina amid sustained low demand and prices, which pushed it to a net loss of $US14.6 million for the six months to June, equal to a loss of 0.6 US cents per share. The company has cut forecasts to 15.5 million tonnes from the annualized production...
Regulatory hurdles and land acquisition problems are forcing alumina refiners to cut production, raising fears that India may have to rely more on exports for its aluminium requirement despite having huge reserves of the ore required for its production. At 3.3 billion tonne, India has the world's...
Rio Tinto has fingered its Gove alumina refinery in northeast Arnhem Land in the Northern Territory as the worst performer among its ailing aluminium interests, raising questions about the future of the remote operation in the absence of a sustained improvement in prices for its intermediate...
Three of China's biggest alumina producers are planning to invest at least $1 billion into bauxite mines and refineries in Indonesia to guarantee supplies of the aluminium raw materials under threat from new export taxes and a 2014 export ban. The plans are among the first signs that Jakarta's...
Orbite Aluminae Inc. announces that it has successfully extracted the first commercial samples of heavy rare earth oxides, gallium and scandium from its aluminous clay deposit in Grande-Vallee, Quebec. With its patented and patent pending, commercially-proven technology, the Quebec clean tech...
A day after halting production after the Balkan country's main gas distributor cut supplies to the company over outstanding debts, Bosnia's sole alumina plant, Birac resumed production on Thursday after two agreeing to pay part of its debt to the country's main gas distributor, BH Gas. Birac,...
Bio-Clean International announced that its Joint Venture partner Kyrgyz Alumina Inc., a Nevada Corporation, signed a Letter of Intent on July 20, 2012 to acquire Glinozium, LLC by exchange of shares. Glinozium currently holds concessions for three deposits of alumina, with raw reserves of 828...
