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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BHP Billiton may sell its 33.3 per cent stake in Guinea Alumina, as its joint-venture partners seek ways to advance a multi-billion dollar project to mine and process bauxite in Guinea that has suffered repeated delays. It comes as BHP overhauls its international mining assets to focus on...
Equities researchers at Bank of America have upgraded Alumina Limited to a “neutral” rating in a report issued on Friday. Shares of Alumina Limited opened at 3.77 on Friday. Alumina Limited has a 52 week low of $3.44 and a 52 week high of $9.87. The company has a market cap of $2.300 billion and a...
Aneka Tambang, the state-controlled gold and nickel miner, is seeking $2.6 billion in investments through 2014 to finance various projects. The Jakarta-based miner also known as Antam is mulling several options including selling bonds, bank loans or export credit facilities. “External funding...
The ex-factory price of alumina from Aluminium Corporation of China Limited (CHALCO),China's largest producer of the metal, rose to 2,900 yuan ($455.33) per ton Friday, up 3.6 percent compared with the previous day. The company claims that its bauxite supplies have been affected by Indonesian...
The Rayagada district administration on Saturday imposed prohibitory orders under section 144 of the CrPc at the Utkal Alumina International Ltd (UAIL) plant site at Doraguda in Kasipur block after irate labourers attacked police and set ablaze a police vehicle. The workers were up in arms against...
After investing Rs 6,000-7,000 crore for its Aditya Alumina and Aluminium project in Orissa, a greenfield integrated aluminium complex, Aditya Birla group flagship Hindalco Industries is planning to raise around Rs 7,000 crore for the same project within the next couple of months. “We plan to raise...
Five major Chinese alumina smelters have jointly called on local peers to reduce output by 10% from June, in the hope of stabilizing the market. The move aims to “reduce risks for alumina producers, and to maintain normal operations of the industry”, according to a statement on an official industry...
Aluminum Corp of China Ltd (Chalco), the country's top aluminium maker, raised its spot price for alumina by 3.6 percent but the news failed to offset concerns that a production cut will hit its earnings, sending its shares lower on Friday. Chalco raised the price of alumina, the key material for...
Showa Denko K.K. (SDK) has decided to increase its prices for aluminum hydroxide and alumina, and started discussions with customers. Specifically, the price for aluminum hydroxide is to be raised by US$90/m.t. or more as from shipments on June 1, 2012; the price for alumina by US$130/m.t. or more...
Alcoa has cut its alumina production capacity by approximately 390kt/y as a result of recent smelter cutbacks. The cuts will reduce Alcoa’s refining capacity in the Atlantic region by about 4% and are already underway. The Atlantic region represents about 50% of its total global refining capacity...
The owners of the world's largest aluminium smelter, which is being built in Abu Dhabi, are studying the addition of an alumina refinery to the site that could transform the emirate into a global hub for aluminium production. Mubadala Development, a strategic investment company owned by the Abu...
MarketAark : announces report of 2012 Deep Research Report on China Alumina Industry Summary 2012 Deep Research Report on China Alumina Industry was professional and depth research report on China Alumina industry. The report firstly introduced Alumina (AL2O3) industry development history...
The Ma'aden Alcoa aluminium joint venture announced today that it has signed a contract worth SR5.6bn with Hyundai Engineering & Construction Co Ltd to construct its alumina refinery at Ras Al Khair in Saudi Arabia's Eastern Province. The contract includes: • completing detailed engineering, •...
The three companies in the Aluminum industry with the highest dividend yields are Alumina, Noranda and Kaiser Aluminium. Dividends can enhance returns for investors seeking income in addition to capital gains.Alumina Limited from Australia Alumina (NYSE:AWC) is highest with a dividend yield of...
Orbite Aluminae Inc. CA:ORT -6.04% (the "Company") is proud to announce that it is developing a program to train prospective employees for its projected facilities, i.e. its high-purity alumina (HPA) production plant in Cap-Chat, scheduled for commissioning at the end of 2012, and its larger-scale...
Alumina Limited (NYSE: AWC) was upgraded by Goldman Sachs (NYSE: GS) from a “sell” rating to a “neutral” rating in a research note issued on Tuesday. Alumina Limited traded down 6.68% on Tuesday, hitting $3.49. Alumina Limited has a 1-year low of $3.48 and a 1-year high of $9.92. The company has a...
Alcoa, the largest aluminum producer in the United States, has yet again decided to postpone expansion of an alumina refinery in Australia as aluminum prices continue to remain under pressure. The move followed its earlier announcement to curtail capacity at some of its smelters and refinery in the...
Hungarian authorities are not keen on taking any risk after the red-mud disaster in 2010 caused by the MAL Hungarian Aluminium Producing and Trading Company. On Monday, they threatened to take the owners of the alumina plant responsible for a red-mud disaster in 2010 to court if they did not deal...
