Russian aluminium producer Rusal is nearing the final stage of the permitting process for a planned bauxite-to-alumina processing project in Kalimantan, Indonesia, according to Energy and Mineral Resources Minister Bahlil Lahadalia. The project will process bauxite into alumina as part of...
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...
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BHP Billiton Projects set to come on stream in 2012 include its 1.1Mt/y Worsley alumina refinery expansion in Australia which will raise capacity to 4.6Mt/y. The ramp up of the Alumar refinery, Brazil contributed to a 7% increase in total alumina production for the 2011 financial year.
Perpetual Ltd bought a net 24,956,844 Alumina Ltd shares between July 28, 2011 and August 19, increasing from 122,169,825 shares (5.01%) to 147,093,709 shares (6.03%).
Vedanta Aluminium Limited, (VAL), an Associate Company of the globally diversified, metals and mining group Vedanta Resources PLC. became the first Mining & Metal Industry in the country to get accreditation for its Energy Management System for ISO 50001:2011 from the British Standards Institution,...
The restart of United Co. Rusal’s idled Kirkvine alumina refinery has been postponed, with several market participants speculating that a restart is unlikely to happen this year due to an oversupply of alumina and falling prices.
Hindalco Industries, the metal products manufacturing arm of the Aditya Birla Group, has decided to delay the financial closure of the Rs 7,800 crore Aditya Alumunium refinery project due to uncertain market conditions. D Bhattacharya, managing director, said the markets were not favourable to...
Shandong Nanshan Aluminum realizes 6.018 billion Yuan sale revenue up by 37.9% over the same period last year. The satisfying improving of its sale revenue mainly attributes to the guarantee of business gross profit as well as dramatic sale revenue increasing of alumina. Alumina production grow by...
Ormet announces a $94.9 million and $100.5 million net profit for the second quarter of 2011 and first half of 2011, respectively. Net income per common share outstanding was $5.10 for the quarter and $5.41 the first half of 2011. These results were significantly influenced by: --Gain on sale of...
Norsk Hydro could delay the launch of Companhia de Alumina do Pará (CAP), the greenfield alumina project it bought from Vale earlier this year.
China Power Investment Corp. will spend $6 billion to develop alumina refineries at Boffa in Guinea, according to a statement from the president's office. The Beijing-based energy company will also build a port to remove ore from the area, President Alpha Conde's office said in the statement,...
Nalco has plans to construct a new alumina refinery of 1.4 MT in Andhra Pradesh and 1,000-MW power project as independent power producer. Both the projects would require an investment of Rs 10,600 crore, the report said, adding that rest of the amount would be spent on existing projects. Company...
Alumina, whose price is often calculated as close to 15% of London Metal Exchange aluminium price, has seen a downward correction in its price due to falling aluminium price globally. He said while the cost of aluminium has come down due to turmoil in the US and Europe, going forward the price...
National Aluminium Co Ltd (Nalco), after posting good numbers in the first quarter, is training its guns on the export market to maximise profits. The public sector aluminium producer, which started phase-wise commissioning of the expanded alumina refinery in Orissa in the last quarter, will see an...
MB’s fob Australia alumina index fell to $370 per tonne on August 19, with few buyers looking for near-term material and others happy to turn down offers in anticipation of better prices. “[We've] been offered cargoes that have not been placed at this stage,” an aluminium producer said.
ENGINEERING contractor Monadelphous Group says it has secured several contracts in WA and Queensland worth $350 million. Monadelphous also secured a three-year contract to provide minor capital project services for BHP Billiton Worsley Alumina’s refinery project at Collie. The company also signed...
Global Alumina Corporation (GLA.U) - Financial and Strategic SWOT Analysis Review - a new market research report on companiesandmarkets.com. Global Alumina Corporation is engaged in alumina production and sales. The company use the bauxite resources of the Republic of Guinea to produce alumina for...
Alumina production totaled 813 thousand tonnes. Eurasian Natural Resources Corporation is engaged in mining and processing chrome, manganese and iron ore, smelting ferroalloys, processing bauxite for the production of alumina and aluminium.
Alumina producers in Australia have been asking to delay taking delivery of caustic soda term contract cargoes in anticipation of lower prices, a source at Taiwan's Formosa Plastics said this week. They have been drawing on existing stocks ahead of contract price negotiations for the fourth...
Constructors in Chinalco Henan Branch are working 24 hours without a rest. It is said that the project is a particularly significant project for Henan branch in 2011 with an investment of 0.24 billion Yuan. Currently, the main framework of the project has taken its initial shape and equipments have...
