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 board of directors of Eurasian Natural Resources Corporation plc (ENRC) has agreed to exercise an option allowing the company to purchase the remaining 75% of Kazakh coal producer, Shubarkol Komir JSC for US$650 million. ENRC says the acquisition will strengthen its integrated business model by...
In another milestone for its Cap-Chat plant achieved again on schedule, Exploration Orbite CA:ORT.A +20.90% is pleased to announce that the production mode of alumina has shifted from a batch process to semi-continuous process. This clear and significant acceleration in production will allow the...
Prime Minister Bruce Golding is reporting that the Jamaica Government is now closer to divesting its shares in Clarendon Alumina Production.(CAP) The divestment is a key commitment the Jamaica Government made in the Stand-by agreement with the International Monetary Fund (IMF). Aluminium Giant UC...
State miner Aneka Tambang will spend 12.61 trillion rupiah on capital expenditure until 2013, which will be used to finance a number of projects that includes a chemical grade alumina plant in Tayan, West Kalimantan,and smelter grade alumina plant in Mempawah said Bimo Budi Satrio, the company's...
Global Alumina Corp (GLA-U.TO) is 2 cents higher in light volume at 91 cents a share after directors in charge of the company's joint venture developing an alumina refinery, mine and associated infrastructure in the Republic of Guinea approved $4.1 million in additional project funding for the...
Alumina is one of today's notable stocks on the rise, up 7.6% to $6.34. The Dow is up 0.8% to 11,027 and the S&P is currently up 1.0% to 1,156. Alumina has potential upside of 42.0% based on a current price of $6.34 and analysts' consensus price target of $9.00. The stock should find initial...
Ukraine exported 1.024 million metric tons of alumina in January to August, 8.9% more than in the corresponding period in 2010, the government reported Thursday. The exported alumina was worth $331.49 million. Alumina exports in August totaled 132,000 tons, 2.2% less than in July this year and...
Venezuelan state alumina and bauxite company Bauxilum aims to close 2012 with production of 1.65Mt of alumina, director of labor relations Wilfrido Flores told BNamericas. "It's a completely achievable goal, but it depends on two factors. The first is the injection of resources and the second is...
A railway line used to ship alumina from RUSAL's giant Friguia refinery in Guinea has reopened after the end of a three-day protest by former workers over back pay, a RUSAL source told Reuters on Thursday. "They have been given assurances that the money transfer was already initiated by RUSAL into...
NALCO CMD Shri B.L. Bagra,mentioned the following points about Alumina at the 30th Annual General Meeting, held at Corporate Office on 29th September 2011. The global aluminium industry in 2010 was affected by diverse multifaceted economic, political, structural and fundamental factors that had a...
QAL alumina refinery has for some time been has been trialling biodiesel as a supplementary fuel source for start up and operation of its coal-fired boilers. Biodiesel is stored in tanks on site and pumped into the boilers where it is distributed into injectors where the biodiesel is ignited to...
Ormet Corp. CEO Michael Tanchuk announced the company's milestone of reaching full employment of 250 jobs just four months after announcing plans to reopen a dormant alumina refinery on the Mississippi River in Ascension Parish. At roughly 330,000 square feet, the Ormet facility had remained silent...
One of today's notable stocks in decline is Alumina (NYSE:AWC), down 3.3% to $5.32. The S&P is trading lower by 0.3% to 1,133 and the Dow is trading 0.2% higher to 10,795. Alumina (NYSE:AWC) has potential upside of 66.9% based on a current price of $5.39 and analysts' consensus price target of...
Former workers at RUSAL's alumina refinery in Guinea have blocked a railway line from the plant in a protest over back payments, a company source and a spokesman for the former workers told Reuters on Monday. It was the second time this month that the former workers blocked the railway line from...
Post expansion alumina refining capacity will be around 6 million-tonne. Hindalco Industries (Hindalco) held its 52 Annual General Meeting in Mumbai on 23 September 2011. Kumar Mangalam Birla, Chairman, addressed the meet. The construction of the 1.5 million Utkal alumina refinery, along with a 90...
Jamaica’s government expects to sell its stake in the Clarendon alumina refinery, controlled by Alcoa Inc. (AA), for as much as $400 million by the end of the year, Finance Minister Audley Shaw said. The sale of the 45 percent holding is part of a program to cut costs and reduce the fiscal deficit,...
The Asia Pacific alumina market dropped $3 day-on-day Friday to $366/mt FOB Australia, dragged by a week of continuous losses in LME aluminium to record lows for 2011. Platts Australian alumina price benchmark was down $3/mt compared with a week earlier, also slipping $1/mt in the last month. On...
THE world's largest aluminium producer has warned that soaring coal, gas and electricity prices are seriously undermining the competitiveness of operations in Queensland's booming Gladstone region and that the carbon tax will aggravate the situation. Russian aluminium giant Rusal, which has a 20...
