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 Supreme Court on Monday adjourned its final hearing on bauxite mining by the Vedanta Alumina at Niyamgiri hills to April 9 due to paucity of time. The State Government had also sought more time to present its case before the Supreme Court. Union Minister of Jairam Ramesh had withdrawn clearance...
Alcoa Inc asked a federal judge in Pittsburgh to dismiss a bribery lawsuit filed against the company by an aluminum maker controlled by the Bahrain government. Aluminum Bahrain BSC claims New York based Alcoa reaped more than USD 400 million in illegal profits by overcharging it for alumina used to...
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...
SADIF Investment Analytics, announces a new Rating Update Report covering Alumina Limited (ADR) (AWC). The report uses SADIF's powerful StockMarks™ stock rating system and contains important analysis for any current or potential Alumina Limited (ADR) investor. Report Summary: Alumina Limited (ADR)...
Below are the three companies in the Aluminum industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains. Alumina (NYSE:AWC) is highest with a dividend yield of 4.5%. Alumina Limited is an Australian resource company that...
The National Workers Union (NWU) is expected to submit a proposal by Friday to the management of WINDALCO, as it seeks to resolve the current impasse between the company and its pensioners. Scores of pensioners protested outside the Ewarton plant in St. Catherine this morning over the suspension of...
SADIF-Investment Analytics has applied its StockMarks™ stock-rating system to Alumina Limited (ADR) and produced a Rating Update Report, rating the company's attractiveness to long-term investors. Ilhavo, Portugal – SADIF Investment Analytics, announces a new Rating Update Report covering Alumina...
Vedanta Aluminium plans to meet officials of the environment ministry "soon" to chalk out its strategy related to expansion of alumina refinery in Orissa, following rejection of its review petition by the Orissa high court last week. "There is no stricture against us by the (Orissa) High Court....
Three men were sentenced in federal court Monday in a 2007 embezzlement scheme targeting Sherwin Alumina Co. Richard Lopez, 43, Benjamin Martinez, 74, and Toby Clarkson, 39, each pleaded guilty to one count of money laundering in October. Lopez was sentenced to one year, three months and Martinez...
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) on January 19 signed an agreement to provide a VND2.1 trillion (US$100 million) loan for the Nhan Co Alumina mining project in the central highland province of Dak Nong. The bank has inked a credit contract with the Vietnam...
PRESIDENT of the National Workers Union (NWU) Vincent Morrison has expressed outrage at what he said is a decision by aluminium giant UC Rusal to remove 900 pensioners of West Indies Alumina Company (WINDALCO) from a medical scheme for retirees. According to Morrison, the former employees have been...
The Orissa high court on Thursday rejected the petition of Vedanta Aluminum Ltd (VAL), seeking to recall the court's order of stopping the expansion of its Lanjigarh refinery project in Kalahandi district. The Orissa high court on July 19, 2011 had rejected the company's plea for a six-fold...
We've all heard the lines about increasing global competition for natural resources. The world is not the same as it was ten or even five years ago. New sources of demand have emerged for oil, iron, copper and natural gas. And competition for all of these resources has become fiercer. This isn't...
India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina for around $318 a tonne free-on-board via a tender, a senior company official said on Tuesday. The alumina to be shipped next month was purchased by a European trader, Ansuman Das, commercial director at NALCO, told...
Orbite Aluminae CA:ORT +5.65% ("Orbite") has filed the previously announced detailed Preliminary Economic Assessment (PEA) prepared by the engineering consultant firm GENIVAR Inc. and the filing of a NI 43-101 compliant report about the first plant of the aluminous project in Grande-Vallee. The...
The 2011-2015 Deep Research Report on Global and China High-Purity Alumina Industry was published by QYResearch's LED Research Center in December 2011. This is an expert and in-depth research report on the global and Chinese high-purity alumina (only use for Sapphire Crystal, purity more than...
The Jacob's report noted that the HPA plant will be an "open loop" without recycled HCL reagent. Jacob's estimates the HCL reagent component represents 75% cost of HPA initially. However, this will be replaced with the startup of the SGA plant that will be alumina feed stock for the HPA plant in...
THE resources sector led a broad-based recovery in the Australian sharemarket yesterday, after China's Shanghai Composite continued to improve and Wall Street edged higher despite falls on European markets. Takeover activity helped the market, although some strategists warned of a challenging year...
