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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Ord River Resources (ASX: ORD) has reported that Sino Australian Resources (SARCO) and China Non-Ferrous Metal Industry’s Foreign Engineering & Construction (NFC) have signed a second Memorandum of Understanding (MoU) for sale of alumina from the Laos Aluminium JV Project. SARCO and NFC will enter...
UC RUSAL announced that the company has issued a mandate to arrange an up to USD 4.75 billion syndicated finance facility. The facility proceeds will be primarily used to take out the outstanding debt under the International Override Agreement.
Interfax reported that Kazakhstan's Eurasian Natural Resources Corporation in the Q2 of 2011 increased aluminum production by 8.8% to 62,000 tonnes YoY. Bauxite extraction in the reporting period was 1.354 million tonnes, alumina production of 409,00 tonnes was in line with Q2 2010 and showed an...
Eurasian Natural Resources Corporation's group production volumes for the second quarter were at effective full capacity. In the alumina and aluminium division, aluminium volumes were higher as the smelter operated at its full phase 2 production capacity throughout the quarter.
TOR Minerals makes synthetic titanium dioxide and color pigments, specialty aluminas, and other high performance mineral fillers. Welding rod flux carpet and carpet backings, billiard balls, and poker chips are commonly manufactured with TOR Minerals products. It offers a series of heat stable...
While Mohanty was tightlipped about the reported reluctance of Posco-India to renew the MoU, sources said that the company was not ready to accept the state government's proposal to exclude the swapping of iron ore clause which was in the original MoU."The Company may swap certain quantities (not...
Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Vale ADR Representing One Ord Shs (NASDAQ: VALE) from $46.00 to $42.00 in a research note to investors on Monday. The analysts currently have an "overweight" rating on the stock.
China's spot alumina prices have risen 7-9 percent since June due to increased demand and strong aluminium prices, and traders and analysts say prices could rise further in the second half on speculative buying. China is the world's top aluminium producer and has been ramping up its output of...
According to the China Nonferrous Metals Industry Association (CNIA), China’s alumina output was 3.10 million mt during June, up 29.39% YoY, and with an annualized capacity of 37.72 million mt, up 2.29 million mt compared with May and up 1.4 million mt compared with April. The growth in alumina...
Customs data shows China’s alumina imports fell again to 72.2 kt during June, down 49.36% YoY, and with YTD imports from January to June down 56.73% YoY. Current overseas alumina spot prices were down slightly, but domestic alumina prices were up sharply, so SMM predicts China’s imports of alumina...
Global Alumina Corporation (TSX: GLA.U) (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 that the joint venture board...
In trading on Friday, shares of Alumina Ltd (NYSE:AWC) crossed below their 200 day moving average of $9.38, changing hands as low as $9.35 per share. Alumina Ltd shares are currently trading down about 0.8% on the day.
Melic Sea positively respond to National Development and Reform Committee’s strategic goal to establish new aluminum industrial base in Mongolia, Shanxi, Ningxia etc. on the basis of being equipped with development condition for industrialization. It is reported that since the early 1998, Melic Sea...
Aluminium production was 23% higher at 173,000 tonnes in Q1 FY2011-12 ascompared with the corresponding prior quarter primarily due to 46% higher production at the 500 ktpa Jharsuguda-I smelter. The Korba-II smelter continues to operate at its rated capacity. Due to a power outage at the...
When bauxite (raw aluminum ore) is processed into aluminum oxide, or alumina, it's first bathed in a solution of sodium hydroxide (lye) at very high temperatures. Aluminum compounds in the bauxite dissolve while other compounds remain behind: iron oxides, sand, clay, some titanium oxides and even...
TOR Minerals International (Nasdaq: TORM), producer of synthetic titanium dioxide and color pigments, specialty aluminas, and other high performance mineral fillers, today announced its financial results for the second quarter ended June 30, 2011. Highlights for the second quarter of 2011 as...
China’s alumina imports plunged in June, as domestic production continued growing strongly whilst import prices kept rising.
Exploration Orbite V.S.P.A. Inc., developer of the Grande Vallée aluminous clay deposits in the Gaspé, said Wednesday that Guy Boucher, a former Domtar Corp. executive with long experience in the natural resource sector, has been named legal counsel and head of sustainable development.
