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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The committee appointed by Rusal to examine complaints by bauxite workers against its local General Manager Ruslan Volokhov said it found no evidence that Volokhov engaged in racist behaviour or issued threats of physical assault to workers. However, the Board of Directors of the company, based on...
Reportedly, Oman Shipping Company SAOC and Sohar Aluminum signed a 15 year agreement for alumina carry which will ship 690,000 tonnes of alumina to Oman from Australia. Meanwhile, Sohar Aluminum’s annual aluminum production is at around 360,000 tonnes to 370,000 tonnes. The company’s raw materials...
China's alumina prices have fallen 7% since March due to increased supply, prompting merchants to consider exporting the raw material used for primary aluminium production to a steadier international market. Industry sources said that China, the world's top aluminium producer, was previously the...
June 3, strive to realize aluminum industry sales revenue surpass hundreds of billion and cultivate an enterprise which annual sales revenue surpasses 20billion in 2015. Yesterday, Zhengzhou government release a new policy states that they will rapid develop aluminum precision processing, try their...
RSB Industries, the holding company of a low profile auto component manufacturing group headquartered in Pune is planning to enter the aluminium refining and smelting sector in Orissa. The promoters appear unfazed by the delays other projects are facing in that mineral rich state. The group's main...
Reuters reported that Italy's output of nonferrous metals semi-finished products is expected to rise this year driven mostly by export demand, but at a slower pace than in 2010. Mr Claudio De Cani director of Italy's industry body Assomet said that output of copper and alloy semi finished products...
RIO Tinto Alcan's Yarwun refinery is preparing for the possibility that an important pipeline may require cleaning in the next fortnight. The refinery's general manager of operations Mike Dunstan contacted The Observer on Wednesday to inform the public about the situation. He said Rio Tinto Alcan...
Enerpac (A Division of Actuant Corp) showcased their high-pressure hydraulic technologies at the Manual Handling Ergonomics Expo hosted by Rio Tinto Alcan (RTA) at Queensland Alumina Limited (QAL) Gladstone. The Ergo Expo featured some of the world’s most compactly powerful non-impact bolting...
As part of its diversification plans, the aluminium major National Aluminium Company Limited (NALCO), has decided to start a 50.4 MW Wind Power Project at Gandikota in Kadapa district of Andhra Pradesh. The Navratna PSU has been endeavouring to foray into other metals and energy sectors. This...
Mining giant Rio Tinto PLC is renewing its vows with a once-spurned Chinese partner by signing a mineral-exploration joint venture with state-owned aluminum producer Aluminum Corp. of China Ltd. (Chinalco). The new entity will focus on mineral exploration in China, with copper as its “immediate...
Mining giant Rio Tinto PLC is renewing its vows with a once-spurned Chinese partner by signing a mineral-exploration joint venture with state-owned aluminum producer Aluminum Corp. of China Ltd. (Chinalco). The new entity will focus on mineral exploration in China, with copper as its “immediate...
Ord River Resources (ASX: ORD) has reported that Sino Australian Resources Co., Ltd (SARCO) has entered into an agreement with China Non-Ferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd (NFC) for a future engineering, procurement and construction (EPC) contract. The Memorandum of...
Reuters reported that Indian nonferrous metals producer Hindalco Industries plans to shortly raise debt of around INR 80 billion for its Aditya Aluminum project in eastern state of Orissa. Mr Sunirmal Talukdar head of finance said that the company is setting up an alumina smelter and a captive...
Transfield Services (TSE) has been awarded preferred tenderer status for a new A$66 million contract with Alcoa of Australia to provide maintenance services at its Pinjarra alumina refinery in Western Australia. Under the contract Transfield Services will also be invited to competitively tender for...
Aditya Birla group flagship Hindalco Industries plans to commence operations at its greenfield Utkal Alumina project before June 2012. The 1.5 million tonne alumina refinery project, started as a Rs4,400 crore joint venture between Norsk Hydro, Alcan and Indal (earlier promoted by Alcan) in 1992,...
Anil Agarwal-controlled Vedanta Resources is likely to hire Sushil Kumar Roongta, former chairman of Steel Authority of India , as head of aluminium business , sources with knowledge of the development said. Roongta is expected to oversee aluminium operations at Balco, Malco, and Vedanta Aluminium...
Riding on higher realisation from metal sales, the net profit of National Aluminum Company (Nalco) has gone up 31 per cent during 2010-11 to Rs 1,069.3 crore, up from Rs 814.22 crore in the previous year. In 2010-11, the average realisation from alumina sales was $350 per tonnes against $264 last...
China Minsheng Banking Corporation has stated in a letter of proposal to Sino Australian Resources, it is the bank’s intention to provide the necessary project financing SARCO requires. SARCO has proposed building USD 600 million, 600,000 tonne per annum capacity alumina refinery in Laos. The large...
