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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NALCO commissioned a 0.52mtpa alumina refinery in Q2 FY12, raising its alumina capacity to 2.1mtpa. The company produced ~30,000-40,000 tons of alumina during Q2 FY12, which is expected to increase to 0.12million tons in H2 FY12. We expect alumina production to increase from 1.6 million tons in...
NALCO commissioned a 0.52mtpa alumina refinery in Q2 FY12, raising its alumina capacity to 2.1mtpa. The company produced ~30,000-40,000 tons of alumina during Q2 FY12, which is expected to increase to 0.12million tons in H2 FY12. We expect alumina production to increase from 1.6 million tons in...
One of today's stocks on the move is Alumina (NYSE:AWC), up 3.3% to $5.38. The Dow Jones Industrial Average is now trading 0.4% higher to 12,069 and the S&P is trading 0.3% higher to 1,240. Alumina Limited is an Australian resource company that produces alumina. The Company owns about forty percent...
In 2011 alumina import on a declining curve in Qinghai Province. First of all, with the improving alumina deliverability in domestic leads to less import demand. From January to July, China alumina output reached to 20,460 thousand tons increased 18.9%, at the same period production of electrolytic...
GMDC executed an MoU with Ashapura Minechem Ltd for setting up an alumina plant based on bauxite deposits in Kutch as also a joint venture with Aluchem Inc of US for setting up of Alumina plant based on bauxite deposits from regions other than the Kutch district. Other projects include a plant for...
According to China Customs, China imported 230,000 mt of alumina during November, down 16% YoY. Total alumina imports from January to November were 1.68 million mt, down 57% YoY. China’s alumina imports fell continuously in the first three quarters of 2011, but began to grow noticeably in 4Q 2011....
With the Centre's keenness to consider establishing a major port in Nakkapalli mandal in the district, Anrak Aluminium Ltd (AAL) floated by Ras al-Khaimah Investment Authority--Penna Group's plans to have a captive jetty at Rajaiahpeta in the same locality may not materialise. AAL, which is setting...
More than six years after the V.I. Department of Planning and Natural Resources filed suit against eight industrial companies operating on the southern shore, a portion of the toxic red mud resulting from decades of alumina production will be cleaned up, officials said. The cost of the clean-up is...
Alumina (NYSE:AWC), a company whose shares are moving quickly, is trading 7.1% lower to $5.18. The Dow is down 1.8% to 11,966 and the S&P is currently down 2.0% to 1,230. Alumina Limited is an Australian resource company that produces alumina.The Company owns about forty percent of Alcoa World...
Orbite Aluminae Inc., developer of the Gaspé alumina project due on stream late in 2012, has named Yves Noël as vice-president of sales and marketing. Noël has more than 20 years of marketing experience in the fine chemicals sector with companies such as Sandoz, Akzo Nobel and Clariant.He holds...
The Inter-American Development bank has approved a $40 million loan to boost Suriname's financial sector. IDB team leader Frank Nieder says the economy of the South American country has grown in the past five years and that the loan will help accelerate that growth. The loan announced Friday is the...
A SUBSIDIARY of mining giant Rio Tinto Ltd has been fined $160,000 after admitting to a large fuel spill in the Northern Territory last year. Alcan Gove Pty Ltd pleaded guilty in the Darwin Magistrates Court today to causing serious environmental harm and was fined $160,000 by magistrate Michael...
Aluminum Corp. of China Ltd.’s cut of alumina prices may reduce its profit by about 300 million yuan ($47 million) a year, BOCOM International Holdings Co. said. The nation’s biggest producer of aluminum, also known as Chalco, set its alumina price at 2,800 yuan per metric ton, according to a...
Reuters reported that the Vietnam National Coal and Mineral Industries Group will delay alumina production to the Q1 of 2012 from an earlier target for the end of this year because rain held up construction. In September, the group said it would start producing in November and sell an estimated...
Chinalco has lowered its alumina prices by 6.7% to CNY2800/Ton, the company said on Thursday. Analysts said the price cut likely indicates a bearish outlook for the aluminium industry from the country’s largest aluminium producer due to global economic uncertainty and a lack of clarity on the...
Orbite Aluminae Inc.is pleased to announce the appointment of Yves Noel as Vice-President of Sales and Marketing, effective since October 17, 2011. Mr. Noel has more than twenty years' sales and marketing experience in the field of high value-added, specialized fine chemicals, particularly high...
Australia's Gladstone port in the state of Queensland handled 344,936 mt of outbound alumina shipments in November through eight vessels, statistics published Wednesday by the local port authority indicated. Of these, 143,523 mt were domestic shipments, while 76,970 mt were bound for Russia, 26,250...
Indian group Vedanta Aluminium's bid to expand its refinery capacity at Lanjigarh in Odisha's Kalahandi district appears to have run into a legal hurdle. India’s environment has postponed the terms of reference for the expansion until an Odisha High Court judgement. The ministry issued the notice...
