AlCircle News Edited By "Rupankar Majumder"
A professional with a technical background, specialising in producing insightful content centred around metals, particularly aluminium, passionately engaged in the intricacies of the recycling sector.
Qamco reports net profit of QR 95 million for 2020
The Qatari Public Shareholding Company, Qatar Aluminium Manufacturing Company (Qamco) has reported a net profit of QR 95 million. The aluminium company has proposed a dividend distribution of QR195.3mn, representing a payout ratio of 206% of 2020’s net earnings, equivalent to 3.5% cash dividend or...
EBOLA returns to the land of Bauxite, Guinea
Dr Sakoba Keita, Head of Guinea's National Health Security Agency, said: “Guinea has entered an Ebola ‘epidemic situation’ with seven cases confirmed, including three deaths.” On 14 th February 2021, the health officials confirmed that at least three people have died in Guinea and several others...
Greece import of Aluminium Stranded Wire during 2018-20 exhibits significant growth
The Greek Economy Outlook for 2021 resembles the continuation of the pandemic is developing a barrier towards predictions, which is almost impossible about the course of the Greek economy. Notwithstanding, the effort of the government to facilitate recovery is being heightened and will...
Guinea: Minister of Mines visits Balaya Bauxite mining site, inaugurates Féréfou Bridge
On 14 th February 2021, Guinea’s Minister of Mines and Geology paid a visit to the Balaya bauxite mining site in the prefecture of Kindia, before proceeding to the inauguration of the new bridge located in the locality of Féréfou, under the sub-prefecture of Friguiagbè. The minister was accompanied...
BALCO wins the prestigious “Golden Peacock Award 2020” for sustainability
India’s iconic aluminium producer, Bharat Aluminium Co (BALCO) has won the prestigious ‘Golden Peacock Award 2020’. As per the press release on 14 th February 2021, BALCO’s CEO & Director, Abhijit Pati in a virtual ceremony received the Golden Peacock Awards, instituted by the Institute of...
Dubal Holding acquires 60% stake in Aluminium extrusion firm OSE Industries
According to Dubai Industrial City, Dubal Holding’s decision to acquire 60% stake in Dubai-based aluminium extrusion company OSE Industries is a major vote of confidence in the UAE economy. The deal upgrades emirate’s position as investor-friendly manufacturing and logistics hub. UAE, the largest...
Dying aircrafts land at Twente Airport, AELS and Riwald together demolish and recycle; aluminium hugely releases
It is said that dying aircraft proudly lands at Twente airport and then they never take off again, but ultimately enter the mouth of the metal shredder of Riwald Recycling in Almelo. Riwald Recycling from Almelo and Aircrafts –End-of-Life solutions provider, AELS have entered into a partnership and...
Aluminium forging house “Bharat Forge” reports loss of INR 210 crore for Dec’20 quarter
Bharat Forge, one of the leading aluminium forging house has reported a loss of INR 210.44 crore for the December’20 quarter compared to a profit of INR 40.40 crore in the comparable quarter in the previous year. The company stated that it had to deliver INR 274.26 crore during the quarter towards...
NALCO posts INR 240 crore profit for Q3FY21
On 12 th February 2021, the National Aluminium Company Limited (NALCO) posted a consolidated profit of INR 239.71 crore for the third quarter (Q3FY21) ended 31 st December’20. The Navratna PSU, under Ministry of Mines, Government of India producing alumina and aluminium, had posted a consolidated...
Rusal takes over century old Aluminum Rheinfelden, says law firm Schultze & Braun
On 11 th February 2021, the law firm Schultze & Braun announced, Rusal, the world's leading aluminium producer is taking over the Rheinfelden Aluminium group. This will secure the future of the century-old German aluminium manufacturer. Aluminium Rheinfelden applied for preliminary insolvency...
Chile’s export of Aluminium scrap during 2018-20 illustrates rapid growth
In October’20, the Central Bank of Chile stated that its economic activity dipped 1.2% in October from a year ago, as the economy moved closer to growth after months of contraction caused by the Covid-19 pandemic. The bank’s IMACEC economic activity index encompasses about 90% of the economy...
Booze drinkers home consumption steers Nampak aluminium cans demand to peak
Africa's leading packaging manufacturer, Nampak is grooving a surge in demand for its aluminium beverage cans as booze drinkers take-home consumption of their favourite drinks rises. Nampak the producer of aluminium cans for a range of beverages such as liquor and carbonated soft drinks stated:...
The coalition of American metal manufacturers seek Biden to end tariffs on aluminium, steel
The coalition of American Metal Manufacturers and Users asked President Joe Biden to end tariffs on aluminium and steel imports and setting the platform for a debate on protective trade measures. A few days earlier the US President said he would keep tariffs on aluminium imports from the United...
Alumobility appoints Mark White as Executive Director
On 10 th February 2021, the non-profit organization focused on providing innovative implementation-ready solutions to advance the adoption of aluminium automotive body sheet, Alumobility announced the appointment of Mark White as Executive Director. Mark White will lead the organization, which was...
Gabon’s import of Aluminium Foil during 2018-20 shows constant growth
Gabon is an upper-middle-income country, being the fifth-largest oil producer in Africa it has had strong economic growth over the past decade, driven by its production of oil and manganese. The Executive Board of the International Monetary Fund (IMF) during July’20 approved a purchase of about...
Lawsuits filed against LAlumina LLC by several contractors
LAlumina LLC, which operated the Burnside Alumina until it was shut down in August’20 and laid off hundreds of workers has been charged and filed by lawsuits by several contractors. The contractors filed lawsuits against LAlumina soliciting money after they claim agreements for goods and services...
Vedanta unveils Aluminium cylinder head alloy for the auto industry at ACMA
India is rapidly moving to become a global hub for automotive manufacturing, but still, some key components which are required in manufacturing processes are imported. Driving towards a change, Vedanta Limited, India’s leading aluminium producer, announced the formal launch of aluminium cylinder...
RUSAL wins Guinea Best Company Awards for contribution to fight against COVID-19
RUSAL has announced that the management of the Company's Representative office in Guinea has been awarded the Guinea Best Company Awards for its contribution to the fight against COVID-19 and socially responsible policy during the pandemic. The Guinea Best Company Awards event is organised annually...
