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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We are pleased to report to you on Alumina’s improving earnings during 2011 and the increased interim dividend payable to shareholders. Earnings growth driven by higher realised alumina prices and solid operational performance Alumina’s underlying earnings in the half year to June 2011 increased to...
BUILDING MATERIALS group, CRH, may be close to doing a deal with Oleg Deripaska, the Russian billionaire whose interests include a stake in the Aughinish Alumina plant in Co Limerick. Mr Deripaska is one of Russia’s richest men. Forbes recently estimated his worth at around $10 billion. He is chief...
RUSAL has said it would increase output of alumina, a key material in the production of aluminium, by 8 percent this year after it rose 8 percent to 7.8 million tonnes in 2010.
As it seeks to be self-sufficient in its raw materials needs, United Co. Rusal PLC (0486.HK) plans to expand the capacity of Europe's largest alumina refinery by 110,000 metric tons, in a project slated for full completion in 2013. The company said Friday that output at Aughinish will reach 2.0...
Global Alumina Corporation (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 board of...
It is reported that the company’s transformed and upgraded 480 thousand ton Alumina project which is developed and technically improved,has already entered into equipment installation and debugging stage, and will soon be put into production. After its put into production, the company’s alumina...
Alcoa has declared that its Technology Delivery Group (TDG) at the Kwinana Refinery located in Western Australia has earned the inaugural Australasian Industrial Research Group (AIRG) Medal for its pioneering technology that decreases energy consumption by the company. The AIRG presents the medal...
Indian government-owned National Aluminium Company Limited (NALCO) has finally decided to commission its expanded refinery capacity this month, according to a Hindu Business Line article. The company is enhancing production capacity at the refinery in Damanjodi, nearly 400 kilometers from state...
Guinea is in advanced talks with state-owned China Power Investment to build an alumina refinery, deep water port and a power plant in the West African state, Guinean government sources said. One source, who asked not to be named, said the project, which is in Boffa, some 120 km (75 miles) west of...
Capital expenditures of the Eurasian Natural Resources Corporation (ENRC) have doubled to 2.5 billion US dollars in 2011. The company is currently implementing projects which are building an anode production plant and expanding production of alumina.
The ongoing ramp up of the Alumar refinery (Brazil) contributed to a seven per cent increase in total alumina production for the 2011 financial year. The USD 3.0 billion Worsley Efficiency and Growth project will confirm Worsley as one of the world’s leading alumina refineries. The investment will...
Profits at giant commodities trader Glencore have risen 58% thanks to rising global market prices. The firm, which listed on the London Stock Exchange this year, made $2.7bn in the first half of 2011. Earnings at its industrial division - which invests in metals, energy and agricultural production...
Guinea's production of alumina, a derivative of bauxite used to produce aluminium, rose 38.6 percent in the first half of the year, compared with the same period a year ago, according to a government report seen on Thursday. Alumina production for the year hit 315,600 tonnes by June, according to...
London-listed miner and commodities trader Glencore International PLC (GLEN.LN) plans to ramp up production at its Sherwin alumina refinery in the U.S. in the medium-term to its full 1.6 million metric tons a year capacity, the company said Thursday. The company currently expects output of 1.52...
Vietnam's first alumina refinery will sell its material through tenders rather than directly to China's Yunnan Metallurgical Group under a 30-year sales agreement between the two firms, sources at Yunnan and the Vietnamese firm said on Thursday. The 600,000-tonne capacity Tan Rai alumina refinery,...
THE largest alumina refinery in Europe, RUSAL Aughinish, last year returned to profit after revenues almost doubled to $496.9 million (€344.9m). Accounts filed to the Companies’ Office by Limerick Refinery Alumina Ltd and subsidiaries, show the company recorded a pre-tax profit of $24.5m in the 12...
Vietnam will test-run its first alumina refinery, being built by a Chinese firm, next month and production is set to start in late 2011, well behind schedule, a state-run newspaper reported on Friday. The $460 million Tan Rai alumina plant, invested in by Vinacomin, Vietnam's top coal mining group,...
London-listed miner and commodities trader Glencore International PLC (GLEN.LN) is seeking to build out its alumina marketing business, including pursuing contracts with new aluminum smelters starting production in the Middle East, it said Thursday. "We will continue to seek long-term purchase and...
