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...
Grow with
AL Circle
Hindalco Industries , the country's largest aluminium producer , registered a 37% fall in consolidated full-year net profit because of derivative losses and higher capital spending and debt costs. Group net profit for the year ended March fell to Rs 2,456 crore while revenues, including that of...
China's Ministry of Environmental Protection has ordered East Hope Group's alumina refinery in Henan province to shut down production facilities that had not been approved. The ministry said East Hope (Sanmenxia) Aluminium, the alumina arm of the large aluminium and agricultural products group in...
Ord River Resources (ASX: ORD) has achieved a major milestone for the production development of the company. China Minsheng Banking Corporation (CMBC) has stated in a letter of proposal to Sino Australian Resources (SARCO), “It is the bank’s intention to provide the necessary project financing...
CRU's World Aluminium Conference provides a complete assessment of the aluminium supply chain, with unrivalled global analysis and networking. There is a great deal of positive sentiment in the aluminium industry at the moment. Demand performance in 2010 and growth projections for 2011 and 2012 are...
China’s stocks fell for a fourth day on concern government measures to cool inflation are slowing the world’s second-biggest economy. PetroChina Co., the nation’s biggest oil company, lost 1.9 percent after Goldman Sachs Group Inc. cut China’s economic growth estimates. Industrial and Commercial...
Last Wednesday, India Real Time wrote that villagers in Lanjigarh in the eastern state of Orissa were complaining that toxic waste was leaking from a pond belonging to Vedanta Aluminium Ltd.’s local alumina refinery into a nearby river. The company, a unit of London-listed Vedanta Resources PLC,...
Stockholm – Atlas Copco has received two orders totaling $50m, related to the Ma’aden aluminum project in Saudi Arabia. Atlas Copco will supply 20 turbo compressors for a power generation application in a new plant outside of Jubail. The customer is a consortium of the Al-Arrab contracting company...
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...
The Ukrainian government says the world's largest aluminum producer hasn't fulfilled its investment obligations. A Ukrainian court claims to have renationalized a Zaporizhya-based aluminium smelter owned by Russia’s Rusal, the world’s largest aluminium producer, allegedly for failing to fulfill...
Ormet Corp. will invest $21 million and create more than 240 new direct jobs by reopening an Ascension Parish alumina plant that it idled in December 2006. Jobs at the plant will average about $57,000 in annual wages. Ormet plans to begin producing alumina in the fourth quarter of this year, with...
Ormet Corporation, a top U.S. producer of aluminum, today announced that it had secured the financing to restart its Burnside, Louisiana alumina refinery. Ormet will spend approximately $50 million to bring Burnside back into operation and create approximately 250 new jobs. The production of...
TALKS over the future of a massive Territory mine are going down to the wire. Rio Tinto's lease over the bauxite and alumina operation on the Gove Peninsula expires on May 29. But the Northern Land Council and Alcan have yet to reach an agreement. Both parties have agreed not to talk to the NT News...
Alcoa has beaten its carbon reduction goal a decade early, according to the company’s 2010 sustainability report. Last year the company cut its greenhouse gas emissions to 22 percent below 2005 levels, exceeding a 2020 goal of a 20 percent reduction. Alcoa lowered its 2010 carbon intensity to seven...
Alcoa yesterday announced it has exceed its 2020 carbon footprint goal, the findings of which were released in its 2010 Sustainability Report. The report examines the company’s progress on the sustainability of its products, resources and operations. According to the report, Alcoa was also the...
Hindalco Industries touched an intraday high of Rs 203.75 and an intraday low of Rs 201. At 09:26 hrs the share was quoting at Rs 202.20, down Rs 2.65, or 1.29%. The company has received the final forest clearance for its proposed 1.5 million tonne Rs 6,000 crore alumina refinery project in...
According to the data released by General Administration of Customs, China imported 130,000 tonnes of alumina in April. In addition, the country’s imports of alumina in the first 4 months of 2011 totaled 830,000 tonnes dropped by 52.4% YoY. Meanwhile, China’s imports of unwrought aluminum and...
Ukraine exported 375,290 tonnes of alumina in the Q1, soared by 5.4% YoY. At the same time, the export figure of alumina amounted USD 116.79 billion. In addition, the country exported 126.94 thousand tons of alumina in March, up by 11.1% from February increase by 3.5% YoY. Also, the export figure...
Even while Gujarat Mineral Development Corporation Ltd (GMDC) awaits a partner for its alumina project in Kutch, it has decided to invite financial offers from more companies for the project. It may be mentioned here that the state run mining major had shortlisted four companies for the project in...
