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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Alcoa, a manufacturer of primary and fabricated aluminum, is enhancing the environmental performance and energy efficacy of its alumina refinery located in San Ciprian, Spain, by shifting to natural gas from fuel oil. The company has set up liquefied natural gas storage tanks at the alumina complex.
Saudi Arabian Mining Co. (Ma’aden) said Sunday its profit doubled in the second quarter. Ma’aden made a net profit of SR62.5 million ($16.7 million) in the three months to end-June, compared to SR31.2 million in the same period a year earlier. Analysts surveyed by Reuters expected the firm to post,...
The emergence of China as the single biggest buyer of both raw materials was an underlying driver of the changes to pricing in both markets. But while the country continues to suck in huge amounts of iron ore to feed its ever expanding steel sector it seems to be moving towards self sufficiency in...
The pricing revolution in the alumina market is gathering momentum, even if it hasn't grabbed the headlines in the same way as that in the iron ore market. The pricing of alumina, the intermediate material in the production of primary aluminum is being forcibly decoupled from the metal price also...
Alcoa’s (NYSE:AA) San Ciprian, Spain, facility is improving the energy efficiency and environmental performance of its alumina refinery by switching from fuel oil to natural gas. This week, Alcoa Europe Vice President José Ramón Camino and Regional Minister of Economics and Industry Javier Guerra...
Alcoa AA reported headline second-quarter income of $322 million, a 5% increase from the first quarter. Favorable from Alumina's AWC perspective is that alumina drove most of the gain for Alcoa, with headline segment income rising 31% to $186 million. Alcoa's alumina result has proved a reliable...
Alcoa AA reported headline second-quarter income of $322 million, a 5% increase from the first quarter. Favorable from Alumina's AWC perspective is that alumina drove most of the gain for Alcoa, with headline segment income rising 31% to $186 million. Alcoa's alumina result has proved a reliable...
Outotec to deliver alumina calcination technology to Ma'aden Alcoa joint venture in Saudi Arabia Outotec has agreed with Ma'aden Bauxite Alumina Company, a joint venture between Saudi Arabian Mining Company (Ma'aden) and Alcoa in Saudi Arabia, on the delivery of two calciners to the joint venture's...
Platts alumina price benchmark closed Thursday at $378.50/mt FOB Australia, dropping $1.50/mt on Wednesday from unplaced cargoes. A consumer reported receiving an unsolicited offer at below $380/mt FOB Australia, for shipment in the second-half of August, for which it was likely to turn away. A...
Platts alumina price benchmark closed Thursday at $378.50/mt FOB Australia, dropping $1.50/mt on Wednesday from unplaced cargoes. A consumer reported receiving an unsolicited offer at below $380/mt FOB Australia, for shipment in the second-half of August, for which it was likely to turn away. A...
Bauxite Resources Limited (ASX:BAU) wishes to advise the appointment of alternate director, Mr Zhan Qingwei (as alternate for Mr Yan Jitai). Mr Zhan Qingwei is the General Manager of Yankuang Resources Pty Ltd, the Perth based company which holds the interests in the Bauxite Resource and Alumina...
AUSTRALIA'S summer drenching continues to affect Rio Tinto, which has cut full-year coal, bauxite, alumina and iron ore production guidance as its mines gradually return to full capacity. While the downgrades are not huge, they show that the heavy rains caused more problems than were predicted as...
Diversified mining group Rio Tinto’s Australian operations have largely recovered from the floods, which hampered production earlier this year, with the miner on Thursday reporting higher second-quarter iron-ore and coal output. “Operations largely recovered from the severe weather impacts earlier...
lcoa’s (NYSE:AA) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma’aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. [1] Alcoa owns a 25% stake in the JV named...
Rio Tinto,in its second-quarter 2011 operations review, reported global iron ore production of 49 million tonnes attributable for the period, which was up 12 percent compared with last year. The company also noted that Mined coppee production was down 24 percent on the 2010 second quarter, mainly...
Reuters reported that China's production of refined copper primary aluminum and its precursor raw material alumina hit monthly records in June making a strong finish to the first half of 2011. The data from the National Bureau of Statistics showed that refined copper production rose 8.7% on the...
Alcoa Australia has won the highest level of assistance for its alumina refineries under the proposed carbon tax. The company will qualify for free permits for up to 94.5 per cent of its CO2 emissions. Under the legislation to be enacted, that level of assistance will remain until at least 70 per...
ALUMINA Ltd (AWC) has warned that higher energy and raw material costs, and the strong dollar, are continuing to take the shine off the earnings boost from improved alumina and aluminium prices. The Melbourne-based group was commenting on its earnings outlook following the Monday release of second...
