Guinea is looking to expand its partnership with Glencore beyond bauxite exports, with the two sides discussing potential investments in alumina refining, energy and other strategic projects as Conakry seeks to build more processing capacity at home. The discussions follow a more than USD 300 million bauxite pre-financing and offtake agreement signed last week between state-owned Nimba Mining and Glencore. Under the deal, the Swiss commodities group will market 10–12 million tonnes of bauxite annually for five years, giving it a significant position in one of the world's largest bauxite-producing countries. Guinea's Mines Minister Bouna Sylla said the agreement could provide a foundation for a broader partnership across the country's aluminium value chain. "Glencore has indicated strong...
Domestic alumina spot prices held steady with slight adjustments last week, and scattered transactions showed mixed pricing. On the supply side, recent domestic alumina operating capacity stayed at around 99.4 million tonnes per year. A new alumina project in Beihai, Guangxi, is expected to start feeding material for trial production late this month, with associated capacity of about 2 million tonnes per year, and specific progress will be tracked closely. Meanwhile, roughly half of the industry's capacity is now running at a full-cost loss, and some producers have even slipped into cash-flow losses. Costs show no signs of easing though, and with few bullish drivers in sight, sector loss pressures keep mounting. Prices held flat last week mainly because new capacity releases are still...
Grow with
AL Circle
Apr 10, 2009 ... The project is to be completed in 15 months. ... INR 118 crores order from Utkal Alumina International Limited for design & construction of ...
May 12, 2009 ... Capacity may rise to 3.6 million tons within five years of opening, Global Alumina said in November. The project includes a mine producing ...
Apr 11, 2009 ... As per report Both Vedanta Aluminium and Nabard have signed a memorandum of understanding for implementation of a wadi and watershed project ...
Jun 25, 2009 ... Global Alumina has approximately $84.4 million in cash, $61.9 million of which is in escrow available for Project development and $22.5 ...
Jan 22, 2009 ... Project monitor reported that Adani Group has dropped its plan to set up an alumina project . The group had planned to set up INR 10000 crore ...
Jan 14, 2009 ... Projects today reported that the Utkal Alumina International has resumed work on its INR 4000 crore alumina project at Kashipur in Rayagada ...
Aug 10, 2009 ... Yet another project involves the building of a 100000 tonne-per-year plant for semi-finished aluminium products. ...
May 15, 2009 ... KINGSTON, May 15 (Reuters) - Jamaica's largest bauxite and alumina ... had caused aluminum prices to fall and reduced the demand for bauxite and alumina. ...
May 15, 2009 ... KINGSTON, May 15 (Reuters) - Jamaica's largest bauxite and alumina ... prices to fall and reduced the demand for bauxite and alumina. ...
May 7, 2009 ... The bauxite project in Vietnam's Central Highlands has attracted widespread criticism over the possibility of serious environmental damage ...
Aug 14, 2009 ... the NALCO project would be developed in a JV with a local partner who will have the control of the rights of coal and bauxite mines.??? ...
Aug 20, 2009 ... Reuters reported that India's National Aluminium Company has put on hold commissioning of the expanded alumina capacity due to local ...
Aug 24, 2009 ... This is what ultimately drives the production and exports of bauxite and alumina . Aluminium products are used in the transportation sector ...
Aug 28, 2009 ... Analysts said that China's top alumina and aluminium producer, also known as Chalco recorded gross losses in all segments in the H1 of the ...
Aug 25, 2009 ... 3 alumina maker, posted its third consecutive quarterly loss on Monday due to weak demand and low prices of the metal used in transport and ...
Aug 27, 2009 ... Most aluminium producers cut output at the end of last year due to low demand as a result of the economic downturn, but with prices hovering ...
Apr 6, 2006 ... The world aluminum price is likely to remain high throughout the year, ... The current spot alumina price is $650/metric ton, but prices ...
Jul 20, 2009 ... That term price was about 10 percent lower than prices for current spot alumina to China, based on Friday's LME aluminium prices at $1705 ...
