China-based China Aluminum International Engineering Co., Ltd. (CHALIECO) has won a bid for an engineering, procurement and construction (EPC) contract valued at approximately USD 833 million for a proposed alumina project in Vietnam, adding to investment activity in the country’s mineral processing sector. The project, being developed by Binh Phuoc Ore Mining and Beneficiation Joint Stock Company, is designed to process 2.4 million tonnes of alumina annually. The proposed contract is valued at around CNY 5.595 billion (USD 839.04 million), with completion expected within 27 months of the contract’s effective date. CHALIECO to oversee turnkey refinery development Under the proposed turnkey arrangement, CHALIECO’s responsibilities will cover the full project delivery process, from...
Chevron Australia has entered a new natural gas supply agreement with South32’s Worsley Alumina business, reinforcing the importance of reliable energy supplies to Australia’s alumina refining industry. The deal will support operations at the Western Australian facility, where energy availability remains central to mineral processing and industrial activity. Under the contract, Chevron will supply natural gas to South32 Worsley Alumina Pty Ltd from 1 January 2028. The arrangement continues a longstanding commercial relationship between the companies, with the fuel allocated to the alumina producer’s processing requirements. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade...
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Alumina Limited updated on the company’s Q2 and H1 financial results during Q2 2019 Earnings Conference Call on August 22. Alumina's H1 2019 profit has fallen by 26 per cent on lower alumina prices. The company has cut its interim dividend to half after the results. The company cut its interim dividend to 4.4 US cents per share, halved from 8.6 cents per share declared after H1 2018. Net profit fell to US$210 million ($A310.6 million) for the first six months of 2019, down from US$ 286.4 million in H1 2018. Earnings and cash flows were affected by a 12 per cent decline in alumina prices. The average realised price during H1 2019 dropped to US$375 per tonne, offset slightly by a 3.0 per cent reduction in production cost to US$218 per tonne. Chief executive officer Mike Ferraro said that...
A press release from Hydro says Alunorte, Hydro and Ministério Público Federal filed a joint petition to the Federal Court in Belem yesterday to lift the embargoes on the new bauxite residue deposit area - DRS2, which lies suspended since March 1, 2018 after a court order. The petition came after Alunorte, Hydro, Pará state environmental agency SEMAS and Ministério Público Federal signed an MoU to take up necessary measures to resume installation and commissioning activities at the new state-of-art deposit area. “This is an important step forward, arising from our ongoing dialogue with the authorities. The DRS2 and press filters is the most sustainable bauxite deposit technology available in the world, and the only long-term solution for Alunorte operations,” says John Thuestad, Executive...
Hindalco Industries Limited on Friday, August 30, said that it decided to invest INR 2,000 crore this year, majority of which will go into alumina capacity expansion at Utkal Alumina refinery. The rest of the amount will be used towards working capital and maintenance work, said the company further. Hindalco chairman Kumar Mangalam Birla explained, "We remain focused on strengthening our balance sheet through allocation of capex towards growth strategies and generating positive free cash flows. We have a capex of Rs 2,000 crore, most of which will go towards the capacity expansion of Utkal Alumina refinery and the some towards working capital and maintenance work.” While addressing shareholders at the 60th annual general meeting, the company said it aimed to double the share of downstream...
Altech Chemicals Limited has provided an update on the current status of construction activities at the Company’s high purity alumina (HPA) plant site in Johor, Malaysia. A press release from the company said that the construction of the maintenance workshop building is done with the installation of external wall cladding; a ventilation and roller door; and the internal mezzanine level. The internal fittings and electrical works for the workshop will commence with the process building. Construction of the on-site detention (OSD) storm water tanks has progressed well and is expected to be finished by the end of October 2019. Retaining wall construction is complete other than the 4-metre long section adjacent to the OSD tanks. The design of the electrical substation building has now been...
The average alumina prices in four major markets have witnessed growth on Friday, 30 August 2019. The average spot alumina price stands at RMB 2520 per tonne, up RMB 20 per tonne from the previous average alumina price of RMB 2500 per tonne. Alumina price in East China is hovering around RMB 2530 per tonne. Alumina Central China and North China stand at RMB 2520 per tonne and RMB 2540 per tonne, up RMB 20 per tonne each from its earlier price. Alumina South China is up by RMB 15 per tonne at RMB 2460 per tonne as on August 30. A00 aluminium ingot price has edged higher by RMB 30 per tonne from Thursday August 29 to stand at RMB 14290 per tonne as of Friday, 30 August 2019. The average price is expected to move within a range of RMB14270-14310 per tonne. A00 aluminium ingot price in Foshan...
The Planning Institute of Jamaica (PIOJ) said yesterday that it was not expecting a decline in alumina production in the near term despite proposed cut backs in the sector due to lower price of alumina. James Stewart, Senior Director at the PIOJ said that while the Institute is in discussion with JISCO regarding production, there is no sign of a production slowdown in Alpart. “There are some issues that are still under negotiations. No final decision has been made yet as to the cutback. Alpart still records increases each month, as we look at the data. So as of now, there has been no decline, particularly for July to September…..” PIOJ confirmed. The statement came after the leadership of the People's National Party's (PNP) Region Five told Comrades at a Regional Executive Council (REC)...
As on Wednesday, 28 August 2019, the average spot alumina price stands at RMB 2500 per tonne, up by RMB 9 per tonne from its previous price of RMB 2491 per tonne. The average alumina price in East China is hovering around RMB 2510 per tonne, up RMB 10 per tonne. Alumina Central China and North China stand at RMB 2500 per tonne and RMB 2520 per tonne, up RMB 10 per tonne each. Their average price is expected to range at RMB 2490-2510 per tonne and RMB 2510-2530. Alumina South China stands at RMB 2445 per tonne, an increase of RMB 5 per tonne from RMB 2440 per tonne. A00 aluminium ingot price is up by RMB70 per tonne from its earlier price to RMB14340 per tonne today. The average price is expected to move within a range of RMB14320-14360 per tonne. Spot aluminium price is likely to be...
China’s alumina price has been on the decline since the middle of December 2018. Alumina prices fluctuated in the first six months of 2019. The first quarter witnessed a decline, while the second quarter saw some corrections. From January to mid-April, the domestic prices remained on downward trends, mainly attributable to the low production cost of alumina, weak demand, and excess supply. The bauxite supply in Shanxi and Henan increased on the withdrawal of the environmental protection inspection which put pressure on the alumina prices. Global alumina prices increased at the beginning of 2019, with a pullback in the middle, but then continued to decline. EGA alumina project, Hydro Alunorte plant and China alumina exports are the key factors that had a bearing on overseas alumina prices....
According to Shanghai Metals Market, the average spot price of alumina has extended its rise further by RMB 17 per tonne to stand at RMB 2,491 per tonne, as of August 26, 2019. The alumina price started growing incessantly since August 16, ranging between RMB 2,442 per tonne and RMB 2,491 per tonne. Only on August 22, it remained restrained at RMB 2,463 per tonne. In the east, central, and north, the alumina price has increased by RMB 20 per tonne to RMB 2,500 per tonne, RMB 2,490 per tonne, and RMB 2,510 per tonne, respectively. The Australian alumina FOB price, on the other hand, continues to remain restraint at US$300 per tonne for the third consecutive day. Against the background of increased alumina price, the A00 aluminium ingot price today refused to register a growth. Even the...
The average spot price of alumina further recorded an increase of RMB 11 per tonne to stand at RMB 2474 per tonne on Friday, 23 August 2019. The prices of alumina rose across major China markets today. Spot alumina prices in East China, Central China, and North China markets increased by RMB 10 per tonne each. The average prices of alumina (East China), alumina (Central China), and alumina (North China stood at RMB 2480 per tonne, RMB 2470 per tonne, and RMB 2490 per tonne respectively on August 23. South China price stood RMB20 per tonne higher than the previous price. The price came in at RMB 2440 per tonne, and expected to move within a range of RMB 2410-2470 per tonne. After registering an increase yesterday, A00 aluminium ingot price recorded a drop of RMB50 per tonne or 0.35 per...
Australian mining and metals company South32’s chief executive Graham Kerr reportedly says that it’s not the right time to commit large investments in alumina refineries expansion, as the return of Brazil’s Alunorte alumina refinery’s production creates an oversupply of the commodity which therefore leads to the price drop. South32 owns stakes in alumina refineries in Brazil and at Worsley in Western Australia. Mr. Kerr says efforts to debottleneck and improve the consistency of those assets may add some incremental growth, but there would be no big spend. ''The reality of the moment with Alunorte ramping back up into production in Brazil, which is the world's largest refinery, the market is probably slightly long, and there has also been an additional five million tonnes of new capacity...
The average spot alumina price in China continued to rise by RMB 9 per tonne or 0.37 per cent on Wednesday, 21 August 2019. Alumina price increased from RMB 2454 per tonne to RMB 2463 per tonne. The prices of alumina rose across major China markets. The average alumina spot price in Central China market rose to RMB 2470 per tonne today, up RMB 10 per tonne from yesterday’s price. Alumina prices in Central and North climbed RMB10 per tonne each to stand at RMB2460 per tonne and RMB2480 per tonne. Australian alumina FOB price increased USD 5 per tonne to USD 300 per tonne on Wednesday, 21 August 2019. A00 aluminium ingot price is down by RMB60 per tonne from its earlier price. The price stood at RMB14320 per tonne today. The average price is expected to move within a range of RMB14300-14340...
Archer Exploration has divulged an exploration target for its Eyre Peninsula High Purity Alumina (EPHPA) Project in South Australia. The EPHPA Project area is within close proximity to existing power, water, road, rail and other critical infrastructure. Historical drill results in the project area have suggested a maiden kaolin exploration target of 55-130 million tonnes with 33 – 36% alumina content. Kaolin is an aluminous clay that is used as raw material for high purity alumina production. The target is based on drilling, across 72 percussion drill holes, and auger drilling undertaken by Pechiney within 1968 to 1973. The exploration target includes the Kelly Tank and Bunora kaolin prospects and does not include other known kaolin occurrences around including Bunora East and Bunora...
The average spot price of alumina registered an increase of RMB 8 per tonne or 0.33 per cent on Monday, 19 August 2019. Alumina price rose from RMB 2442 per tonne to RMB 2450 per tonne. Spot alumina prices in East China, Central China, and South China markets remained unchanged at RMB 2460 per tonne, RMB 2450 per tonne and RMB 2420 per tonne. North China price came in at RMB 2460 per tonne, up RMB 20 per tonne from its previous price. The price is expected to move within a range of RMB 2450-2470. After registering a hike on Friday, A00 aluminium ingot price decreased to stand at RMB 14230 per tonne and expected to move within a range of RMB 14210-14250. Aluminium ingot price in Wuxi and Hangzhou increased RMB 30 per tonne each to stand at RMB 14280 per tonne each on Monday. Aluminium...
Continued from Part I 6. Rusal In 2018, Rusal’s total alumina production stood at 7.7 million tonnes. Aughinish Alumina in Ireland and Ukraine’s Nikolaev Alumina Refinery are two of its largest refineries. Russian production that comprise Bogoslovsk, Achinsk and Urals refinery, contributed 2.8 million tonnes of its total production in 2018. Total alumina production stood at 3.85 million tonnes in the first half of 2019, compared with 3.81 million tonnes in the first half of 2018. This marks an increase of 0.9 per cent year-on-year. At this rate, annual production is likely to stand flat at about 7.7 million tonnes. Aughinish Alumina produced 949,000 tonnes of alumina in H1 2019. It remains the largest supplier of alumina in Europe. 7. Norsk Hydro (Norway) Hydro is a fully integrated...
Alumina or aluminium oxide (Al2O3) is the key raw material for producing aluminium. Due to the exponential growth of the aluminium industry in last two decades and the significance of alumina in the upstream value chain, aluminium producers are building their own refineries and expanding the existing facilities to secure the availability of this resource. For the whole year of 2018, global alumina production stood at about 130 million tonnes and China remained the largest alumina producing country with 72 million tonnes of production. We are listing the top 10 alumina producing companies in the world based on the latest available statistics: {newsStudioGallery} Chalco (China) Chalco is a leading company in China’s non-ferrous industry, which is engaged in the whole value chain, from...
Altech Chemicals has posted an update on its German project equity strategy announced on 18 July 2019. The strategy involves the acquisition of 29% of the shares of Youbisheng Green Paper AG, which will be re-named Altech Advanced Materials AG (AAM). The strategy also covers sale of 49% stake of Altech’s high purity alumina (HPA) project to AAM for US$100m. The company has confirmed that all precedent conditions have been fulfilled towards the strategy and Altech will now proceed to complete both the transactions. Altech will make a cash payment of €500,000 to complete acquisition of 29% of the shares of AAM and issue €1,000,000 of Altech fully paid ordinary shares to the vendor (Deutsche Balaton AG). The balance €1,229,000 cash consideration is to be paid on 1 March 2020. AAM will make a...
Metalsearch, an emerging exploration company, has signed an agreement to acquire Abercorn Kaolin Pty Ltd, which owns the large-scale Cynthia kaolinite discovery in central Queensland. Abercorn plans to develop the kaolin resource into a high purity alumina and commercial-grade aluminium sulphate project. 99.99% aluminium oxide (4N HPA) has already been produced from Cynthia kaolin prospect feedstock as samples. Metalsearch will pay US$50,000 non-refundable deposit to Abercorn followed by cash and Metalsearch shares. The agreement also includes deferred payments once key performance-related milestones are achieved. Metalsearch must raise US$2 million in capital to fund exploration work and a scoping study as a condition for completing the acquisition. These will be based on an open pit...
