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...
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Aug 4, 2009 ... Louisiana alumina refinery Gramercy Alumina , which has been a 50-50 partnership between Franklin, Tenn.-based Noranda and Monterey, Calif. ...
Aug 4, 2009 ... To transfer ownership stakes to Noranda Aluminum * Divesting Gramercy Alumina and St. Ann Bauxite * Century stock rises 4 pct (Adds ...
Aug 5, 2009 ... The DSO of bauxite by BRL will put the Company at the forefront of the rapidly growing trade in bauxite supplies to Asian alumina refineries ...
Aug 5, 2009 ... United Company RusAl said that the 500 tonnes of caustic soda its Guinean alumina refinery accidentally spilled into the West African ...
Aug 5, 2009 ... UL over a contract for the Swiss based commodities house to supply Ormet with alumina was resolved last week but aluminum prices remain in ...
Aug 3, 2009 ... Constantine commences drilling at Palmer VMS project ... full time chairman and managing director of the National Aluminium Company Limited. ...
Aug 3, 2009 ... RUSAL not to expand aluminum production till mid 2011 ... Freeport McMoRan to extend earn in option at Quaterra Tintic copper project ...
Jul 30, 2009 ... Tin price was expected to move between USD 14500 per tonne to USD 14650 per tonne this week. 4. Aluminium Stocks of aluminum , used in ...
Aug 3, 2009 ... China spot alumina prices up on smelter demand * Chalco increases spot alumina prices by 4 percent * Aluminium smelters keen to import ...
Aug 3, 2009 ... The country's largest maker of the light metal raised the spot price of alumina for a third time this year as demand recovered, according to ...
Aug 3, 2009 ... Alumina ratings affirmed after Alcoa withdraws offer for Alcan · Rio Tinto may sell assets to cut debt after Alcan takeover ...
Aug 3, 2009 ... Conversion costs include direct and indirect labor, energy, freight, scrap usage , alloys and hardeners, coatings, alumina and melt loss. ...
Aug 3, 2009 ... but the main product it trades on futures exchanges is alumina , with three quarters of deals done through overseas contracts. ...
Aug 3, 2009 ... As the key project of "Rise of Central China" and "the development of two districts" in our province, the project will has an annual alumina ...
Jul 31, 2009 ... Alcoa has completed its acquisition of BHP Billiton's 45% stake in the companies ' bauxite and alumina refining joint venture in Suriname. ...
Aug 3, 2009 ... The Lanjigarh alumina refinery produced 188000t of calcined alumina , compared with 136000t in the corresponding prior quarter. ...
Aug 3, 2009 ... UL over a contract for the Swiss-based commodities house to supply Ormet with alumina was resolved last week, but aluminum prices remain in ...
Aug 3, 2009 ... Aluminum producers gained as Aluminum Corp. of China Ltd., the country's largest maker of the light metal, raised the spot price of alumina ...
