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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Aluminum stocks have been beaten down in recent weeks as signs of slower growth in China and Europe raised questions about the global economy and demand for their products. Over the last month, the Global X Aluminum ETF has fallen roughly 7.36%. Five Star Equities examines the outlook for companies...
Vietnam's state coal and mineral group Vinacomin may start selling alumina product next month during its test-run of the country's first alumina plant, a senior executive said on Thursday. "We will strive to keep the test-run period as short as possible and bring the plant to full capacity,"...
Alumina may average $339 a metric ton this year, 12 percent less than in 2011, as world aluminum production slows, according to Australia’s Bureau of Resources and Energy Economics. Output in Australia may climb 12 percent 22.9 million tons in the year to June 30, 2013, as Rio Tinto Group’s...
Aluminum Corp. of China Ltd. (CHALCO) released 2011 earnings report on March 17. According to the report, China’s alumina output was about 38.81 million mt in 2011, up 24.4% YoY, while aluminum demand was about 39.04 million mt, up 10.5% YoY. China’s alumina imports were 1.88 million mt in 2011,...
The Energy and Mineral Resources Ministry announced over the weekend that seven more companies have expressed interest in building mineral smelting plants in Indonesia. These additions bring the total number of smelters queuing up to be built to 26, up from the ministry’s previously reported number...
Vietnam will test-run the country's first alumina plant early in the second quarter starting in April, before moving to full production, a state-run newspaper said on Friday, indicating a slight delay in the project. Up to 99 percent of work has now been completed at the Tan Rai plant owned by the...
Orbite Aluminae Inc. CA:ORT -3.46% (the "Company") is pleased to announce that it has reached three important milestones in its development. It has recently opened a new laboratory facility in Laval, Quebec, which will serve as the Company's principal laboratory. It is also proud to have secured...
Century Aluminum Limited, former owner of St Ann Bauxite Company which sold out its local operations during the bauxite downturn, says it is mulling re-entering the local alumina sector under partnership to set up a 1.5-million tonne alumina plant. The investment would signal a further rebound of...
Companhia de Alumina do Para's (CAP) Board of Directors has decided to postpone the construction of a new alumina refinery in Barcarena, Brazil. The main reasons for the postponement of the CAP project are the uncertainty related to short- and medium-term aluminium supply/demand balance and the...
Owing to decelerated global economic growth expected that ocean freight was unlikely to rise, while most of alumina importers in China had signed long-term cooperative agreements with mines, so prices were kept stable. But when faced with tight bauxite resource, FOB price of imported bauxite may...
"Today and for the next few years there is a risk of oversupply of both aluminium and alumina. We are suffering from market prices that are not sustainable. Therefore the fundamentals must become more important for the pricing of our products in the future," Undeli said. Undeli was a keynote...
Aluminum Corp. of China Ltd. plans to raise up to CNY8 billion ($1.25 billion) in a private placement of shares to fund alumina projects and supplement working capital, it said last Thursday. The company plans to place up to 1.25 billion yuan-denominated shares with up to 10 institutional investors...
Saudi Maaden's Aluminium Strategic Business Unit's Vice President, Abdullah Busfar, said that the firm awarded a USD1.5 billion construction deal for an alumina refinery to Hyundai Engineering & Construction, reported Arabian Business. Busfar added that the project is part of the second phase of...
Outotec to conduct feasibility study for the first alumina refinery to be built in Indonesia Outotec has agreed with PT ANTAM (Persero) Tbk (ASX: ATM; IDX: ANTM; Antam), Indonesia's leading diversified mining and metals company, to carry out a feasibility study for the very first smelter-grade...
India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina at close to $323 a tonne free-on-board via a tender, a senior company official told Reuters. The alumina, which will be shipped this month, was purchased by a European trader, Nalco's commercial director Ansuman Das...
Aluminum Corp. of China Ltd. (2600.HK) plans to raise up to CNY8 billion ($1.25 billion) in a private placement of shares to fund alumina projects and supplement working capital, it said late Thursday. The company, known as Chalco, plans to place up to 1.25 billion yuan-denominated shares with up...
Orbite Aluminae Inc. /quotes/zigman/6963218 CA:ORT -3.46% ("Orbite" or the "Company") has announced the successful conclusion of its Cap-Chat pilot phase and has thus ended pilot operations in order to launch the plant's conversion to commercial-scale production of high-purity alumina (HPA). The...
Saudi Arabian Mining Co. (1211.SA), or Maaden, said Monday it has awarded South Korea'sHyundai Engineering & Construction Co Ltd. (000720.SE) a contract worth $1.5 billion to build the alumina refinery for its joint venture project with U.S.-based Alcoa Inc. (AA) in the kingdom. The joint venture,...
