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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Reuters reported that China's spot alumina prices rose 2% in March due to expectations that domestic production will fall in the H2 of the year prompting aluminium smelters to look for imports. Traders and sources at smelters said that China is the world's top producer of aluminium and alumina....
Officials of Vedanta Aluminium Ltd will face a public hearing on 2 May in Orissa’s Kalahandi district to seek approval for expansion of the company’s alumina refinery, a company official said, reversing its earlier position to seek a waiver on the ground that such hearings have already been...
The government of Ukraine has seized the only alumina plant in the country from nominal owner Rusal -- the world's biggest aluminum producer -- but while Rusal is fighting to regain control of the smelter, the only impact this could have on the company's rivals is negative. The Zaporozhye Alumina...
Global Alumina Corporation CA:GLA.U +7.89% (the "Company" or "Global Alumina"), 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 its financial and...
Ord River Resources (ASX: ORD) has delivered a resource increase for the bauxite and alumina project in Laos, with a Bankable Feasibility Study the next step in progressing the project. The new JORC Resource of 226 million tonnes at 26.7% alumina is an increase of 73.8% from the previous resource,...
Vietnam’s state coal and mineral group Vinacomin has admitted that it has not conducted a reassessment of economic benefits for the country’s first alumina plant, which is scheduled for a test run this June. The Tan Rai plant is designed to have an annual production capacity of 600,000 tons of...
Vietnam will operate the country’s first alumina plant on a trial basis this June, instead of April as initially planned, a senior plant official said. Tran Duong Le, deputy director of the Lam Dong bauxite-aluminum complex’s management, said the Tan Rai alumina plant in the Central Highlands...
Despite the clouds of uncertainty to mine in scheduled areas, Anrak Aluminium Limited (AAL) appears to be getting ready to launch alumina refining by sourcing part of its bauxite ore requirement from Gujarat. It is also in talks with Glencore, world's largest commodity supplier and States like...
Attorneys for Alcoa argued today that a lawsuit by a Bahraini company claiming that bribes secured lucrative contracts for aluminum should be thrown out of U.S. District Court because all of the alleged acts occurred overseas. Aluminum Bahrain BSC, called Alba, is pursuing a four-year-old lawsuit...
THE future of Alumina loss-making aluminium smelter in Victoria remains uncertain as the company continues to contemplate its closure. Alumina's joint-venture partner, Alcoa, last month announced that their AWAC business could close Point Henry, near Geelong, one of its two Australian aluminium...
Russian billionaire Oleg Deripaska is renewing his interest in Canadian business, striking a deal with a junior Quebec miner that could represent a small taste of a larger appetite by the soft-spoken industrialist for assets in the province. Mr. Deripaska’s United Co. Rusal, the world’s largest...
Orbite Aluminae Inc. ("Orbite" or the "Company") CA:ORT -3.46% announced today having entered into a Memorandum of Understanding ("MOU") with the world's largest aluminium producer UC RUSAL ("RUSAL") HK:486 -0.18% FR:RUSAL -2.09% FR:RUAL 0.00% (mcx:RUALR) pursuant to which the parties are going to...
S&P has placed Alumina's BBB credit rating on a negative watch, after the average aluminium price dropped by almost 20 per cent in the first three months of 2012. "The credit watch placement reflects our concerns that current challenging trading conditions could weaken Alumina's financial metrics...
Anglo-Australian miner Rio Tinto said Wednesday that it entered into exclusive talks with U.S.-based private-investment firm H.I.G. Capital regarding its offer for Rio’s European specialty alumina business. The talks are in line with Rio’s strategy to restructure its aluminum business by selling...
Rio Tinto has received a binding offer from private equity group HIG for three French alumina plants that are part of an estimated $8 billion of aluminum assets put up for sale last year by the global miner to try to boost margins. Rio Tinto said on Wednesday it had agreed a period of exclusivity...
Current trading conditions in the aluminum industry are challenging, driven by soft aluminum prices, the strong Australian dollar, and increasing input costs. If these conditions persist, we expect Alumina Ltd.'s credit metrics to weaken to levels below our expectation for the 'BBB' rating. We...
State-run National Aluminium Co (Nalco) plans to expand operations both in the country and overseas. Acting chairman and managing director BL Bagra tells ET that the country's third-largest aluminium maker will also invest in thermal, nuclear and wind power plants as part of its move into the...
The Jamaica government says it is still interested in divesting its shares in Clarendon Alumina Partners (CAP). Science, Technology, Energy and Mining Minister Phillip Paulwell said all options will be considered for the sale of the government’s 45 per cent stake in Jamalco, which it owns through...
