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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Shares in Orbite Aluminae Inc. spiralled as much as 25% on Friday afternoon, after it said Quebec’s financial regulator notified the company the preliminary economic assessment (PEA) for the Grand-Vallée alumina project did not comply with regulations. “Orbite is reviewing the matter and will...
The Australian unit of Alcoa Inc. (AA) on Monday received approval from regulators in Western Australia state for a five year deferral of the proposed multibillion dollar expansion of the Wagerup alumina refinery. The state's Environmental Protection Authority recommended that the time limit for...
State miner Aneka Tambang said on Thursday that it would go it alone on a $1 billion smelter-grade alumina plant in Pontianak, West Kalimantan, after China’s Hangzhou Jinjiang Group pulled out of the project. “We’ll carry the project alone. We are not seeking another partner,” said Alwinsyah Lubis,...
India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina for about $324 a tonne free-on-board via a tender, a senior company official said on Thursday. The alumina to be shipped next month was purchased by a Hong Kong-based trader, Ansuman Das, commercial director at NALCO,...
The global mining giant Rio Tinto which had its performance in 2010 overshadowed by the profit line achieved by its only major rival, BHP Billiton, may put its sale of Pacific Aluminium on hold. The company’s chief financial officer told reporters in Melbourne yesterday that at present conditions...
A resource analyst says it is unlikely there will be any flow-on effect on Western Australian alumina refineries from Alcoa's struggling Point Henry smelter in Geelong. About 600 Victorian manufacturing jobs are in jeopardy as Alcoa considers shutting the unprofitable smelter. Peter Chilton of...
PINC Research is bearish on National Aluminium Company (NALCO) and has recommended sell rating on the stock with a target of Rs 42 in its February 6, 2012 research report. "NALCO, despite 10% YoY decline in LME aluminium prices to USD2,095/t and 5% YoY fall in aluminium sales volumes, NALCO's...
Ukraine exported 1.554 million metric tons of alumina in 2011, 7.9% more than in 2010, the government reported Wednesday. The exported alumina was worth $527 million. Alumina exports in December totaled 142,230 tons, 3.1% more than in November and 1.3% more than in December 2010. The alumina...
Australia’s S&P/ASX 200 Index rose 0.4 percent to 4,290.7 at the close of trading in Sydney, recouping some of yesterday’s 0.5 percent drop. New Zealand’s NZX 50 Index rose 0.3 percent to 3,324.67 in Wellington, extending yesterday’s 0.1 percent advanced. The following were among the most active...
The government says it is not aware of any plans by alumina company, UC Rusal to close its Ewarton operations in St. Catherine. Last week Opposition Spokesman on mining, J.C Hutchinson, called for the mining minister, Phillip Paulwell to investigate reports that UC Rusal was moving heavy equipment...
India's state-run National Aluminium Co. Ltd. (532234.BY) has planned a capital expenditure of INR23 billion for the financial year beginning April 1, its chairman said on the ET Now television channel. B.L. Bagra said the major chunk of investment would go to building a nuclear power generation...
The Maaden Alcoa aluminum joint venture announced that it had poured the first concrete in the construction of the region's first alumina refinery at the fully integrated aluminum complex at Ras Al-Khair. Once complete, the refinery will initially produce 1.8 million metric tons of smelter-grade...
Fitch Ratings has affirmed Clarendon Alumina Production Limited's (CAP) foreign and local currency Issuer Default Ratings (IDRs) at 'B-'. The Rating Outlook is Stable. Fitch has also affirmed CAP's USD200 million 8.5% unsecured notes due November 2021 at 'B-/RR4'. The notes continue to be supported...
The final quarter of 2011 was a bit of a mixed bag for mining giant ENRC, with unexpected maintenance breaks reducing output of of ferro-alloys and iron ore, though other parts of the business were firing on all cylinders. The group's Alumina and Aluminium, and Energy Divisions in Kazakhstan...
Crying “discrimination”, the Anil Agarwal-promoted Vedanta Aluminium Ltd (VAL) wants to initiate a fresh dialogue with the environment ministry to arrive at a solution enabling the expansion of its aluminum refinery in Orissa. Vedanta has claimed the ministry discriminated against it by not...
Eurasian Natural Resources Corporation Plc (ENRC.L: News ), in its fourth-quarter production report, said the Alumina and Aluminium, and Energy units in Kazakhstan operated at effective full available capacity for the quarter, while the Ferroalloys and Iron Ore Divisions operated at below full...
Alumina (NYSE:AWC) is one of today's notable stocks in decline, down 1.6% to $5.40. The S&P is trading lower by 0.2% to 1,310 and the Dow is trading 0.4% lower to 12,603. Alumina share prices have moved between a 52-week high of $11.46 and a 52-week low of $4.47 and are now trading 21% above that...
Global Alumina Corporation (TSX: GLA.U) (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 today that the joint venture...
