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.
Indian Union Territory Ladakh bans usage of plastic water bottles in Govt. offices; alternative like Aluminium bottles can be used
On 24 th June’20, an official spokesperson said that a big step to realise the long term goal of 'carbon neutral Ladakh', the Union Territory administration has ordered a complete ban on the use of plastic water bottles and other plastic made objects in government offices and other institutions....
Bank of Ghana Governor rejects hiding information of mineral export proceeds, including Bauxite
Dr Ernest Addison, Governor of the Bank of Ghana (BoG), has told the Public Accounts Committee (PAC) of Parliament that the central bank does not hide information about proceeds accrued from the exportation of minerals including bauxite. Mr James Klutse Avedzi, the Chairman of PAC, raised the issue...
Quebec's Minister of the Economy: “No reason for the US to impose tariffs on its imports of aluminium from Canada”
Pierre Fitzgibbon, Quebec's Minister of the Economy said that he is "convinced" that there is no reason for the United States to impose tariffs on its imports of aluminium from Canada. On 23 rd June’20, he said: “Such tariffs would harm our savings; our green aluminium has always allowed a stable...
“Self-Reliant India”: RoDTEP scheme can be a “Game-Changer” in boosting exports, benefit to Aluminium industry
On 14 th September’19, the Finance Minister of India, Nirmala Sitaraman announced Remission of Duties or Taxes on Export Products (RoDTEP). The scheme is progressive towards boosting exports and employment generation in various sectors in the country. The RoDTEP scheme will replace the existing...
Croatia’s Aluminium scrap exportation market reflects robust growth during 2017-20
The economy of Croatia is a developing high-income service-based economy and with the tertiary sector accounting for 60% of total gross domestic product (GDP). The Croatian economy is one of the strongest economies in Southeast Europe. COVID-19 Pandemic has caused more than 400.000 workers to file...
“COVID-19” outbreak: IMF endorses $148 million emergency credit to Bauxite mining nation Guinea
The International Monetary Fund (IMF) has endorsed $148 million in emergency credit to Guinea to strengthen its economy as the COVID-19 pandemic persistent to ransack the global economy. The fund would support to brace the economy after a hard-hit from the pandemic that is weakening the nation’s...
Assan Aluminyum stands for Biodiversity Conservation Project
On World Environment Day, Assan Aluminyum a subsidiary of Kibar Holding made public its "Protecting Biodiversity Project," that aims to conserve biodiversity through a research partnership with the Kocaeli University (KOU) Biology Department. The company, one of the leading manufacturers in the...
“COVID-19” crisis: Indonesia presumes delay of multi-billion $ mining and refinery investments to 2021, comprise 7 bauxite projects
Indonesia presumes $3.7 billion in investments for mining and refinery projects to be delayed to 2021 if the COVID-19 pandemic lingers until the end of 2020, as per a mining official. Irwandy Arif, an advisor to the Energy and Mineral Resources Minister said: “The investments were expected for 35...
Fitch Ratings amends outlook on Greece based Mytilineos to negative; Affirms at 'BB'
Fitch Ratings has amended the Outlook on Mytilineos S.A.'s long-term Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR and senior unsecured ratings at 'BB'. The amendment of the Outlook exhibits the weak macro environment with prolonged low commodity prices, material pressure...
Mauritius import of Aluminium Bar Rods and Profiles remains down-sizing during 2018-20, expenditure kept rising
The economy of Mauritius is a mixed developing economy based on agriculture, exports, financial services, and tourism. Mauritius is ranked as the most competitive and one of the most developed economies in the African region. The major industries that contribute to the economy of nation are food...
U.S. dust-up to declare aluminium tariffs on Canada by end of week
The United States of America is planning to re-impose tariffs on aluminium imports from Canada, as reported late on 22 nd June’20, mentioning people familiar with the matter. The announcement is expected to come by the end of the week. If Canada declines to impose export restrictions, the United...
India starts-off anti-dumping duty probe against importation of aluminium foil from China and others
India has commenced anti-dumping duty probe against certain kinds of aluminium foil imported from China, Indonesia, Malaysia and Thailand. Aditya Birla owned Hindalco Industries, Raviraj Foils and Jindal India Ltd have filed the application affirming dent resulting from the alleged dumping in the...
Reynaers Aluminium in Belgium will support to lower CO2 footprint by opting low-carbon aluminium
The well-known Reynaers Aluminum in Duffel, Belgium, restricts its CO2 footprint. The architectural window, door and facade systems company will henceforth purchase more aluminium produced from green energy sources. Erik Rasker, CTO, Reynaers said: “The aluminium currently used in Europe accounts...
China loses WTO dispute against EU for market economy status, subsidized aluminium supply strikes back
In a spectacular development, China has lost a dispute to the European Union at the World Trade Organization (WTO) for a market economy status, as the former allowed the dispute to lapse. The development occurs after four years of battle for the market-economy status by China. The designation would...
Poland’s import of Aluminium Alloy exhibited a multi-billion dollar market during 2017-20
The economy of Poland is the sixth-largest in the European Union and the largest among the former Eastern Bloc members of the EU. The biggest industries in Poland are agriculture, manufacturing, energy, and tourism. Poland’s aluminium alloy import during 2017-19 has been recorded with a volume of...
GARMCO Green initiative: A champion of environmental causes and for sustainable future
Middle-East’s largest downstream facilities, a Bahrain based international aluminium rolling mill, Gulf Aluminium Rolling Mill, GARMCO, has commenced on a transformative role in shaping the climate agenda through the GARMCO Green Initiative that sets the stage in steering the company’s vision for a...
PM Modi steps ahead for “Self-Reliant India”: Rolls-out auction for commercial coal mining, win-win for Bauxite mining and Aluminium Industry
On 18 th June’20, The Prime Minister of India Narendra Modi initiated the auction of 41 coal blocks for commercial mining video-conference. The allocation of the mines has been adopted with a two-stage e-auction. The decision was part of the announcements made by the Government of India under the...
South African Aluminium supplier and exporter HULAMIN sends warning signal of loss due to high fixed costs
South African Aluminium supplier and exporter Hulamin, whose customers include Tesla, has sent warning signal on 19 th June’20 that it has entered into a loss in its year to end-December. The company had already stated earlier that declining sales took a chunk out of its profits of a business...
