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.
Solomon Islands bars Bauxite mining on Wagina Island
Hon. Culwick Togamana, Minister of Environment, Climate Change, Disaster Management and Meteorology have supported the decision to decline the development of a bauxite mine on Wagina Island. Richard Pearshouse, Head of Crisis and Environment, Amnesty International, said: “This is a hard-won victory for Wagina Island residents who rely on their island and waters around the proposed mining site for their livelihoods.” “The Minister has heard their concerns loud and clear: environmental decisions are always better when local communities are adequately consulted. When Amnesty International researched on the ground in 2019, many community members said they did not feel sufficiently informed or consulted about this mining proposal.” Wagina Island, a remote island of approximately 80 km2 in...
Vedanta reports Q2 net profit slip by 61.80% to INR 824 crore
On 6 th November’20, Vedanta reported 61.80% shrink in consolidated net profit at INR 824 crore for the quarter ended 30 th September’20 on the back of one-time tax expense. Vedanta said in a filing to BSE: “The Company posted a net profit of INR 2,158 crore in the year-ago period.” Income during July-September dropped to INR 21,744 crore from INR 22,814 crore in the year-ago period, the filing said. The company said in a statement the tax expense for the quarter was at INR 2,370 crore. "EBITDA for Q2 FY2021 was at INR 6,531 crore, higher by 63% Q-o-Q, mainly due to higher commodity prices, higher volumes at zinc business, lower cost of production at Zinc India and aluminium business, partially offset by higher input commodity prices, rupee appreciation and reversal in renewable purchase...
Australia: Aluminium fabrication firm “Air Fab Pty” secures contract of $1.3 million from Boeing to build safety stands for RAAF jets
Air Fab Pty, specialises in Aluminium fabrication, that employs just 8 peoples and based in Victoria has secured a $1.3 million contract from Boeing Defence Australia to design safety stands used to maintain the RAAF’s F/A-18F Super Hornets and EA-18G Growlers. Air Fab mostly produces light, flat-packed physical platforms that can be easily transported. The 8 membered Australian company has previously worked with Qantas, Virgin, Jetstar and the RAAF directly and have been described by Immigration Minister, and federal member for Aston, Alan Tudge as a “local success story”. Linda Reynolds, Minister for Defence, said: “The safety stands would provide enhanced fall protection for Air Force and Boeing personnel when conducting maintenance on top of, and around, the aircraft.” “Using their...
Germany’s export of Aluminium container during 2018-20 reveals steady growth
Germany's economy slumped by 2.2% in the first three months of this year as the COVID-19 pandemic pushed it into recession. It was the biggest quarterly fall since 2009 when the country was engulfed in the global financial crisis. The Western European nation’s export of aluminium containers during 2018-19 has been recorded at 4329 tonnes and the revenue generated on the export during the phase stood at $32.15 million. The export for 2020 is expected to reach at 3025 tonnes, with earnings to stand at $20.22 million. Now, when the export volume and earnings of 2020 get added with the existing two years, it denotes 7354 tonnes and $52.37 million respectively. In 2018, Germany’s export of aluminium container remained at 2007 tonnes and earnings stood at $17.07 million, whereas, in 2019 the...
Australian Bauxite Ltd submits mining lease application for fully funded Sunrise Bauxite Project
Australian Bauxite Ltd made public towards the submission of mining lease application for fully-funded Sunrise Bauxite Project, Binjour QLD. If the application is approved then the bauxite will be shipped from the port of Bundaberg. Australian Bauxite Limited that operates mines in Tasmania estimated 55 direct jobs and up to 150 indirect jobs from mine to port. The company said: “We enjoyed strong support from landholders, who will be briefed individually after travel restrictions are eased.” “If and when approved, the Sunrise Bauxite operations will commence on the Binjour Plateau and, in time, bring smaller regional bauxite deposits into operation to develop a long-term supply chain for this gibbsite-rich type of bauxite which can be refined into alumina at a lower temperature with...
COVID-19 lockdown, high Aluminium pricing forced Bajaj Electricals to re-consider its strategy
Bajaj Electricals, an Indian consumer electrical equipment manufacturing company based in Mumbai, has come up with extremely good results during the lockdown phase. The company’s consumer business rose to 10.08% from 4.7%, which is a huge development in EBIT margin. However, Shekhar Bajaj, Chairman & MD of Bajaj Electricals said: “This is not a sustainable type of margin. This is something which has happened because there are many things which were not done in this second quarter and which we will do. For example, in terms of publicity, our advertising costs which we had postponed started in October. Therefore the margins will get impacted because of that.” The Chairman also stated that the company informed multiple vendors in regards to payment, which will be delayed and it was...
RUSAL: Installation of innovative crude aluminium cleaning system at Khakas Aluminium smelter concludes
RUSAL, a leader of the global aluminium industry concludes the installation of a modern automated system for cleaning crude aluminium in crucibles at the Khakas Aluminium Smelter (KhAZ) in Sayanogorsk. The global aluminium giant has injected $2.7 million in the project. The introduction of the automated complex will result in an expansion in both the share of alloys and the VAP produced at KhAZ that are in demand across the rolling, automotive, food, aircraft and construction industries. The innovative equipment produced for RUSAL in Canada will process metal in a 10-tonne crucible. It will effectively remove alkaline and alkaline earth metals from the molten aluminium and reduce the concentration of non-metallic inclusions. One of the main advantages of the TAC (Treatment of aluminium in...
TDK Corporation offers new EPCOS aluminium electrolytic capacitor series B43647
TDK, a global electronic components manufacturer leading in magnetic technology, offers its new EPCOS aluminium electrolytic capacitor series B43647 with snap-in terminals. As it is an outstandingly high CV product, they are best for highly compact solutions in power electronics. The capacitors are developed for the ultimate operating temperature of 105C; at a rated voltage of 450VDC and maximum ripple current, they achieve a useful life of 2000h. A capacitance range from 120µF to 1000µF is provided in case sizes varying from 22mm x 25mm to 35mm x 55mm. The other special feature is the high ripple current capability up to 7.22A. These capacitors are supreme for employment in power supplies for servers, telecommunications and industrial applications, as well as medical devices, UPS...
Iran’s import of Aluminium Sheets, Plates and Strips during 2018-20 reflects an upward trend
Iran’s economy is a mixed and transition economy with a large public sector. It is counted as the world's eighteenth largest by purchasing power parity. Some 60% of Iran's economy is centrally planned. Although, FocusEconomics Panellists see the economy contracting 7.3% in SH 2020, which is up 1.2% points from last month's forecast. In SH 2021, the economy is seen growing by 2.6%. The Western Asian nation’s import of aluminium sheets, plates and strips during 2018-19 was recorded at 8898 tonnes and the expenditures occurred due to the import stood at $14.44 million. The import for 2020 is expected to reach at 6241 tonnes, with expenditure to stand at $12.26 million. However, when the import volume and expenditure for 2020 gets added with the preceding two years, it resembles 15,139 tonnes...
Fortum eNext accomplishes Hindalco Mahan Aluminium’s coal-fired power plant project of axing NOx emissions
Fortum eNext low-NOx solutions, a part of Finland’s clean energy firm Fortum, has accomplished its earliest commercial combustion modification project in Madhya Pradesh, India at Hindalco Mahan Aluminium. Fortum said in a statement: “The project was aimed at reducing nitrogen oxides (NOx) emissions on one of the 150-MW boilers located in the state of Madhya Pradesh.” According to the statement: “The NOx emissions of a coal-fired boiler are for the first time cut down to such an extent that NOx levels reached well below 300 mg/Nm3 in all loads and mill combinations.” In June’19, the project initiated, while the boiler was commissioned in March’20 and has been in operation since then, but due to COVID-19 pandemic, the comprehensive Performance Guarantee Tests were concluded in October’20....
Canada Aluminium sector expects Joe Biden in the White House
The American election is attracting attention in the whole world, but for Saguenay – Lac-Saint-Jean in Canada, it is very much critical. Major sectors of the regional economy are affected by the choice Americans will make between Republican Donald Trump and Democrat Joe Biden. The Canada aluminium industry, which exports 90% of its production to the American market, suggests that they would be more comfortable with the arrival of Joe Biden in the White House. Within the unions of aluminium workers, the enthusiasm for this vote is very present, especially not to see Donald Trump again as President. Sylvain Maltais, President of the union of the Rio Tinto’s Alman factory, said: “On two occasions he gave us taxes on aluminium. We are afraid to see him be re-elected.” In this sector of...
QALEX “buys-out” Abdul Noor Aluminium Extrusion Factory
On 3 rd November’20, Qatar Aluminium Extrusion Co (QALEX), announced the acquisition of the assets of Abdul Noor Aluminium Extrusion Factory. Abdul Rahman bin Abdullah Al Ansari, Chairman of QALEX and Jassim Abdul Noor, Chairman of Abdul Noor Aluminium Extrusion Factory signed the purchase agreement. The deal was funded in cooperation with Qatar Development Bank (QDB), who manifested full cooperation as part of their mission to support small and medium enterprises and industrial sectors in general within Qatar, by increasing QALEX’s paid-up capital, through a call-up from the Authorized Capital of QR100m from the partners of QALEX. The partners of QALEX are Qatar Industrial Manufacturing Company (QIMC), in collaboration with other leading companies such as Salam International Investment...
Morocco’s import of Aluminium Foil during 2017-20 unveils a potential market
Morocco's economic freedom score is 63.3, making its economy the 78th freest in the 2020 Index. The economy is positioned to decline notably this year as domestic demand falters and the external sector is hampered by slack foreign demand for key exports. FocusEconomics analysts project the economy to contract 4.6% in 2020 and to expand 4.3% in 2021, which is unchanged from September’s forecast. The North African nation’s aluminium foil import during 2017-19 was recorded at 10,411 tonnes and the foreign revenue expenditure occurred due to the import stood at $45.34 million. The import for 2020 is expected to reach at 7002 tonnes and expenditure to stand at $25.36 million. However, when the import and expenditure for 2020 get assorted with the existing three years, it signifies 17,413...
Quebec Govt. undertakes to modernize its aluminium strategy; OEM’s seeks help to improve competitiveness for exports
As the Quebec Govt. wants to breathe new life into the aluminium industry, it needs to well listen to the subcontractors and suppliers of equipment towards aluminium smelter, who desires to double their exports over the next five years. Éloïse Harvey, President of Mecfor and spokesperson for a dozen companies among those that manufacture the specialized equipment used by major primary aluminium producers around the world, said: “We are part of the equation." Together, the group employs 900 people and generates revenues of 183 million, 57% of which already come from export markets. While the Quebec government has undertaken to modernize its aluminium strategy, equipment manufacturers are asking for a helping hand to improve the competitiveness of the sector that exports the most in Quebec,...
Reynaers Aluminium: Europe’s leading architectural aluminium solutions provider rolls-out minimal MasterPatio sliding-window system
Europe’s leading sustainable and architectural aluminium solutions provider, Reynaers Aluminium, has the MasterPatio minimal sliding frame system, which allows architects and designers to create dramatic floor-to-ceiling windows. Established in 1965 in Duffel, Belgium, Reynaers Aluminium designs cutting-edge glazing solutions through engineering aluminium windows, doors and curtain wall systems. The MasterPatio sliding system by Reynaers Aluminium has been designed with reduced sightlines, as well as concealed locks and receivers so that windows can remain in maximum view. The system is intended to be used in conjunction with the company's MasterLine 8 range of windows. The company said: "Throughout MasterPatio's development, clean design was always one of the key drivers.” "This resulted...
Tenova commissions Roll Grinding Machine and Roll Shop Equipment for the new Hot Rolling Mill at JW Aluminum
JW Aluminium, a leading producer of flat-rolled aluminium products, which are used in a wide variety of commercial and consumer applications based in South Carolina, USA, has successfully commissioned the Roll Grinding Machine and Roll Shop Equipment for the new Hot Rolling Mill towards the expansion plant. Tenova, under the Pomini brand, is a worldwide leader in the production of roll grinders, for rolls belonging to flat products mills and delivers also special machines for grinding of heavy pieces, was selected by JW Aluminium in 2018 for the supply of a new automatic grinding machine for work rolls and back-up rolls, of a combined chocking-dechocking machine and a chock tilter. The equipment was all designed to be used also with the rolls of the cold rolling lines already in operation...
Ivory Coast’s import of Aluminium structures during 2018-20 demonstrates an upward trend
The economy of Ivory Coast is stable and currently growing; however, the GDP of the nation is expected to reach $48.00 billion by the end of 2020, according to Trading Economics global macro models and analysts’ expectations. In the long-term, the Ivory Coast GDP is projected to trend around $54.00 billion in 2021 and $58.00 billion in 2022, according to our econometric models. The import of aluminium structures of the West African nation during 2018-19 has been recorded at 899 tonnes and the revenue expended for the import stood at $5.51 million. The import for 2020 is likely to reach at 685 tonnes and the expenditure to stand at $4.30 million. When the import volume and expenditure of 2020 gets assorted with the previous two years, it denotes 1584 tonnes and $9.81 million respectively....
Guyana’s untouched Bauxite deposit near Orealla likely to be developed: Minister of Natural Resources
On 2 nd November’20, Vickram Bharrat, Minister of Natural Resources, Guyana, announced that he has already met with investors those are looking to develop the Tarakuli bauxite deposit located just over 10 miles away from Orealla (East Berbice/Corentyne). Natural Resources Minister, Bharrat along with Minister of Agriculture, Zulfikar Mustapha visited Orealla and Siparuta on 2 nd November and met the residents. Bharrat during his opening remarks made the announcement that cheered the residents who gathered. “I met a few investors who are willing to come and develop the Tarakuli bauxite deposit. It is one of the largest bauxite deposits remaining in our country that is untouched”, Bharrat said. According to the minister, based on previous studies and information gathered, “The bauxite is of...
