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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Chinese aluminium smelters will reduce term imports of alumina even further in 2012 from last year's lower volumes due to cheaper supplies of the raw material at home, industry sources said on Wednesday. Top domestic alumina producer, Aluminum Corp of China Limited (Chalco) , has agreed to supply...
ALUMINA shares were boosted yesterday when US aluminium giant Alcoa gave a buoyant outlook for aluminium markets and confirmed it was not looking at closing any Australian smelters. In kicking off the US reporting season, Alcoa logged a fourth-quarter loss of $US191 million ($185m) -- its first...
ALUMINA has managed to avoid more share price savagery despite Alcoa, its partner in the AWAC global alumina alliance, confirming that the collapse in aluminium prices had resulted in a loss in the December quarter. Shares in the ASX-listed Alumina bounced 7.5¢ higher to $1.17 yesterday in response...
Indian state-run National Aluminium Company (NALCO) has issued a tender for export of 30,000 tonnes of alumina for delivery next month on FOB basis, a senior company official said on Tuesday. The last date for submission of bids is Jan. 17, Ansuman Das, director, commercial, told Reuters. NALCO,...
Alumina Limited notes Alcoa Inc's fourth quarter 2011 earnings announcement. Alcoa World Alumina & Chemicals' results for the quarter were impacted by lower aluminium and alumina prices and ongoing cost pressures. Alumina Limited CEO, John Bevan, commented, "The impact of the difficult market...
The resources sector led a broad-based recovery in the Australian share market Tuesday after China's Shanghai Composite continued to recover and Wall Street edged higher in spite of falls on European markets. Takeover activity helped the market, although some strategists warned of a challenging...
Shares in Australia's Alumina have shot up after its joint venture partner Alcoa gave a positive outlook for aluminium demand. Melbourne-based Alumina's main asset is its 40 per cent stake in Alcoa World Alumina and Chemicals (AWAC), with Alcoa holding the other 60 per cent. Alcoa, the world's...
Alcoa said Thursday that it would cut production capacity worldwide but there is yet no indication that Jamaica is to be affected. The American company plans to "close down or curtail" 531,000 metric tonnes of smelting capacity, which includes shutting down one plant in Tennessee and idling two of...
United States equity markets may have been down, but for once the ASX did not reflect the losses with the benchmark All Ordinaries extending its early gains to finish the day at 1.1%, or 45.1 points, higher at 4,206.1 points. By contrast the Dow Jones Industrial Average was off 0.45% or 55.78...
Researched by Industrial Info Resources Australia (Perth, Australia) -- BHP Billiton Limited BHP -1.27% (Melbourne, Australia) and its subsidiary Worsley Alumina Pty Limited are continuing with construction on the $2.2 billion Worsley Alumina Refinery expansion near Collie, in Western Australia....
AUSTRALIAN operations held in joint venture by Alcoa and Melbourne's Alumina are expected to escape the savage cutbacks that Alcoa has told the US market it needs to make in response to the collapse in aluminium prices. The Alcoa-managed AWAC joint venture - owned 60 per cent by Alcoa and 40 per...
Yunnan Aluminum Co., Ltd stated on Thursday that the mine system of 800 thousand alumina project of Yunnan Wenshan Aluminium Co., Ltd has already go into operation. The company also stated that they have finished the construction of workshops and equipment installation, each production subsystem of...
US company Alcoa will cut production by an undisclosed amount at the Alcoa World Alumina & Chemicals refining joint venture part owned by Alumina Limited (ASX:AWC). Speaking with The Australian Financial Review, Alumina chief executive John Bevan, had said that production cuts were likely if low...
ALUMINA shares fell after Alcoa said this morning it would permanently close or idle 12 per cent of its aluminium smelting capacity, following a year in which economic uncertainty slammed prices for the industrial metal. The top US aluminium producer said in a statement it would close or curtail...
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...
The state-run Gujarat Mineral Development Corporation (GMDC) on Wednesday said three joint venture projects proposed by it had been approved by the Gujarat government. "We have got government's nod recently to set up three JV projects. The land has already been acquired for two of these projects by...
NALCO signed a MoU with Indian Rare earths ltd a PSU under Department of Atomic Energy, for making value added products from beach sand minerals, which would subsequently be used for making titanium and allied products. The MoU was signed by CMD of NALCO and CMD of IREL in Bhubaneswar, on January...
Aluminum maker Alcoa allegedly paid $5 million in bribes to the former chief executive of Bahrain’s state-owned aluminum company and ten million of dollars in bribes to a former Bahrain official as part of scheme to land contracts at inflated prices, according to a new court filing in a...
