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
Aug 25, 2009 ... 3 alumina producer and China's top aluminium producer, said on Tuesday its alumina output in the first half tumbled 31.6 percent to 3.2 ...
Jan 14, 2009 ... The alumina project in Guinea will have an initial annual capacity of 3.3 million metric tons and may increase to 3.6 million tons within ...
Jul 27, 2009 ... Dubal in talk with India for alumina project in Orissa. 0blt1. DUBAL denies suspending its Saudi Arabian smelter. Metals News ...
Aug 5, 2009 ... Global Alumina Announces Results of Substantial Issuer Bid - 1 Day Ago ... "The Vila Nova Iron Ore Project is not a core asset for Eldorado ...
Aug 10, 2009 ... Global Alumina Announces Results of Substantial Issuer Bid - 1 Day Ago ... Laurentian Goldfields Ltd. Acquires New Gold Project Near Dryden ...
May 8, 2009 ... The joint venture partners in the Project are Global Alumina International, Ltd. , a wholly owned subsidiary of the Company, BHP Billiton, ...
Aug 25, 2009 ... Alumina output to fall 11 pct to 8 mln T in 2009 * Expects to produce 5 percent more aluminium in 2009 * Expects power fee scheme to be ...
Aug 25, 2009 ... The company has raised prices of alumina three times this year as the ... Chalco was operating 67 percent of its alumina capacity and 83 ...
Aug 11, 2009 ... Reuters reported that China's Bosai Group is doubling capacity of alumina and aluminium in the H1 of 2010, adding production to the world's ...
Aug 19, 2009 ... Output of alumina , a semi- processed material used to make aluminum, held at 399000 tons. The average price of aluminum for immediate ...
Aug 24, 2009 ... Alumina ratings affirmed after Alcoa withdraws offer for Alcan · Rio Tinto may sell assets to cut debt after Alcan takeover ...
Aug 24, 2009 ... SS), rose 3.4 percent on hopes that the world's No.3 alumina maker will post a smaller quarterly loss paving way to a profit for the second ...
Aug 24, 2009 ... India's National Aluminium Co (Nalco) said militant attacks on its bauxite mines at Damanjodi mean the expansion of its alumina refinery ...
Aug 24, 2009 ... [bn:WBTKR=CHACLZ:CH] Aluminum Corp. of China [] is ???willing??? to discuss with [bn :WBTKR=RIO:AU] Rio Tinto Group [] a deal to cooperate in ...
Aug 24, 2009 ... Chalco was operating 67 percent of its alumina capacity and 83 percent of ... Alumina , refined from bauxite ore, is used to make aluminum. ...
Aug 25, 2009 ... China Chinalco said it made a net loss of 35 billion yuan 512 million in the first half on lower average aluminium and alumina prices.
Aug 25, 2009 ... Alumina output to fall 11 pct to 8 mln T in 2009 * Expects to produce 5 percent more aluminium in 2009 * Expects power fee scheme to be ...
Aug 25, 2009 ... 3 alumina producer, said it aims to break even by year-end after ... China's top alumina and aluminium producer, also known as Chalco ...
