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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J.P. Morgan has published a research report on Alumina Limited (NYSE: AWC) lowering the price target by twenty Australian cents.
News Corp yesterday announced plans for a massive share buyback over the next 12 months as it continues to struggle with undervalued stock. Alumina has recorded a 254 per cent increase in underlying earnings to US$78 million, with margins growing by US$21 a tonne. However, the results were still...
ALUMINA shares slumped yesterday after the company missed analysts' first-half profit forecasts because a rising Australian dollar pushed up costs higher than expected.
Alumina said yesterday that sales volumes under the new system were running at 20 per cent of total third-party sales, with the intention of getting to 100 per cent within five years. The initial success in the changeover was confirmed by Alumina on the release of its June-half profit report....
MELBOURNE-BASED Alumina Ltd has confirmed initial success in the five-year push to have alumina priced on a spot/index based system, with margins at its 40 per cent-owned AWAC joint venture with Alcoa improving as a result.
Chinalco recently holds meeting in Beijing to analysis production and operation of alumina enterprise. Party member and president of Chinalco, Luo Jianchuan attends the meeting. Senior vice president Liu Xiangmin presides at the meeting. Luo Jianchuan analyses the productive and operative condition...
Meller Microlux Alumina Abrasive Powders can produce surface finishes to 10-5 scratch-dig on calcium fluoride, ferrites, germanium, silicon, stainless steel, zinc selenide, and zinc sulfide. Featuring seven particle sizes from 0.05 to 3.0 um, these high purity calcined alumina abrasive powders are...
Good pricing trends and sales volumes offset rising costs for raw materials and energy, helping Tor Minerals International post strong revenue and net income gains during the second quarter, according to the company's quarterly financial statement. Karasch said the company expects to complete its...
Net profits at Alumina Ltd grew 55% on the year to US$68 million in the first half of 2011, the company said, as rising prices for aluminum and a changing pricing mechanism for its precursor alumina drove up revenues.
Alcoa Inc., the largest U.S. aluminum producer, said it started construction on the site of an alumina refinery in Saudi Arabia. Ceremonies were held today to mark the official groundbreaking at the refinery and the pouring of the first concrete at the aluminum rolling mill, Alcoa said in a...
Alumina Ltd (AWC): has a consensus rating of 2.0. This indicates that analysts have a buy recommendation on the stock. The latest rating action was on Aug 16, 2010 when Davenport upgraded the company from Neutral to Buy. The result of 2 opinions makes for a mean price target on the stock of $6.42...
Minister of Finance Audley Shaw last night revealed that by the end of August, the Government will make a decision on the sale of its stake in the Jamalco alumina refinery. The Government has been incurring billions of dollars in losses each year because of a forward sales agreement between the...
Alumina Limited will release its results for the half year ending 30 June 2011, on Thursday, 11 August 2011. John Bevan, Chief Executive Officer and Judith Downes, Chief Financial Officer, will explain the half-year performance to the market via teleconference at 10:30am Melbourne time.
The expansion of the Yarwun alumina refinery in Queensland from 1.4 million tonnes to 3.4 million tonnes per annum is proceeding on schedule with first bauxite to be processed through the expanded plant in mid 2012. The expansion will improve cost efficiency for the entire refinery and is expected...
Alumina production is gradually recovering from the abnormally heavy rains between December 2010 and April 2011 which primarily impacted Queensland Alumina’s production affecting bauxite and coal quality, equipment reliability and freight costs. Aluminum production was one per cent higher than H1...
THE West Indies Alumina Company (Windalco) has the option to appeal enforcement notices issued by the National Environment and Planning Agency (NEPA) last week — all of which claim the company discharged improperly treated industrial effluent from its Ewarton Works facility in St Catherine.
Venezuelan state-run alumina and bauxite producer CVG Bauxilum’s board agreed to a $120 million future supply contract with Glencore International Plc, Correo del Caroni reported, citing Wilfredo Flores, a labor director. Bauxilum will supply Glencore with 1.4 million tons of alumina between 2014...
RIO Tinto has flagged cost overruns and delays at its Kestrel coking coal project in Queensland, over and above $US2.4 billion of Australian-dollar-induced iron ore and alumina project cost blowouts revealed in Thursday's first-half report. Of the blowouts, $US1.9bn was in the Pilbara, $US400...
