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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In yet another milestone supporting Exploration Orbite's Cap-Chat operations, the Company is pleased to announce that it has obtained authorization from Quebec's Ministry to extract a large bulk sample of up to 3,000 tonnes of aluminous clay over the next 12 months from its Grande-Vallee site in...
Alumina production in Guinea,also the world’s top supplier of aluminum ore bauxite,rose 31.7 percent to 384,000 tonnes,the government said in a report released on Thursday. Guinea’s economy relies heavily on its mining sector, and its rich resources have drawn billions of dollars in investments...
UC Rusal's country manager for Jamaica, Igor Dorofeev, remained doubtful yesterday about the Government's projection for a reopening of the Windalco Kirkvine alumina plant next month. Pressed by journalists to give his company's timeline on reopening of the Manchester plant, Dorofeev said: "I...
Since the first production line went into operation in December, 2007, Guangxi Huayin Aluminum Co., Ltd has realized aluminum oxide output of 5.18million tons and sales of 5.13million tons till August, 2011. Meanwhile the company also achieved total industrial output value of 11.9billion RMB and...
Orbite is pleased to confirm that its operations are progressing in accordance with the anticipated timeline and that it anticipates achieving its principal objectives projected for 2011 and 2012. These objectives include migration of its listing to the TSX Exchange, advancing its patented process...
China's aluminium smelters may keep imports of raw material alumina under yearly contracts low next year as prices rise and domestic production increases, industry sources said on Tuesday. Term alumina to China for 2012 shipments is being indicated at about 15.5 to 16 percent of the price of...
The value of commodities exports from Australia will climb 21% in the coming financial year to A$214.76 billion as increased production meets higher prices despite fears for the global economic outlook, the country's Bureau of Resource and Energy Economics, or BREE, reported Tuesday. Export volumes...
Shanxi Xingxian Alumina Mine Project has finished its contruction bidding, and will start work this month.Xingxian Alumina Project is one of the main investment construction project of Chinalco,located in Shanxi Lvliang City,and plans to produce 1000 thousand tons alumina per year. It is learned...
The ministry of environment and forests has cleared Vedanta Aluminium’s project in Lanjigarh, Orissa. The expansion of Anil Agarwal-led Vedanta Aluminium's four million tonne Lanjigarh refinery plant in Kalahandi had been put on hold by the Union Environment Ministry on October 21, 2010. In July...
The minor port proposed at Rajaiahpeta in Nakkapalli mandal, about 90 km from here, for use as a captive port by Anrak Aluminium Limited (AAL) has hit a roadblock. After serving the land acquisition notices and the subsequent resistance by local fishermen and farmers, authorities seem to have...
Norwegian aluminium producer Norsk Hydro would sell its 35% stake in a Jamaican alumina refinery partnership Alpart to Russian peer UC Rusal for NOK 250 million. Hydro said UC Rusal, the world top aluminium producer will own all the shares in Alpart when the transaction is completed in October....
Russian aluminum producer United Co. Rusal said Friday it has agreed to buy a 35% stake in Alumina Partners of Jamaica, or Alpart, from Norsk Hydro ASA thus securing 100% control of the alumina producer. Rusal said it paid $46 million for the stake. Rusal acquired a 65% stake in Alpart in 2007...
Vedanta has suffered another setback in its fight-back to expand the aluminium refinery in Orissa after the Union environment ministry had struck down its environment clearance for violations. The Cuttack bench of the Orissa High Court backed the environment ministry and ordered that Vedanta would...
Shares of Vale SA (NYSE:VALE) are trading very close to calculated resistance at $28.41 with the current price action closing at just $27.29 placing the stock near levels that make it difficult to buy. Companhia Vale do Rio Doce (NYSE:VALE), through its subsidiaries, operates as a diversified...
Hungary's MAL will appeal a HUF 135 billion fine for environmental damages resulting from a burst sludge reservoir at its alumina plant in Ajka (NW Hungary), the company told MTI on Thursday. MAL will dispute the legal basis of the fine as well as its scale in the appeal, MAL lawyer György Ruttner...
United Co. Rusal, the world’s largest aluminum producer, is in talks with the Italian government to restart the EurAllumina refinery in Sardinia. Rusal is “exploring various opportunities” to resume operations, the company said in an e-mailed response to queries from Bloomberg. “No exact date for...
Indian state-run National Aluminium Co Ltd has finalized a long-term contract for export of 300,000 tonnes of alumina at about 16 percent of the LME aluminium price on an FOB basis, a company official said on Thursday. "The European buyer will receive the alumina in batches between January to...
Mytilineos Holdings SA, a Greek metals and energy group, may produce 83 percent more alumina, a raw material used in aluminum production, over the next five years, said Evangelos Mytilineos, the company’s chief executive officer. Production should climb from 820,000 metric tons a year to 1.1...
