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.
COVID-19 impact: Indian aluminium utensils producers encounter challenges of Raw materials and labours
The aluminium utensil producers in some of the districts of the Southern part of India have resumed their factories last month. Insufficiency of raw materials and workers are the crucial challenges they have been facing. Suresh Shankar, CEO, Gomathi Metals said: “For the aluminium utensil...
Worley secures engineering and project delivery services contract from Alcoa Australia
Worley has declared that it has secured a three-year services contract with Alcoa for its Australian operations consolidated in mining, refining and smelting operations. As per the contract, Worley will provide engineering and project delivery services for Alcoa’s site‐based sustaining capital...
Argentina’s aluminium ingot export exhibits $ Billion market during 2019-20
The economy of Argentina is an upper-middle-income economy for the fiscal year 2019 according to the World Bank. It is the second-largest in South America behind Brazil. Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a...
America’s exclusion of Canada from its aluminium import tariff is under the scanner
The United States removing Canada’s exclusion from aluminium tariffs with quotas, focusing to encourage the survival chances of the local producers. The aluminium market has exhibited its price rising in the prospect. However, some US aluminium industry references are expecting the exemption to be...
Aluminij Mostar constituted a loss of 65 million BAM during the first six months of 2019, Federal Financial Police investigates
The Federal Financial Police of Bosnia-Herzegovina submitted a report on the operations of the former Mostar giant and aluminium smelter “Aluminij” to the Government, which refers to the period from 1 st January’14 to 10 th July’19. The Federation’s Financial Police tracked down all cash flows, and...
Aluminium scrap export of Lebanon shows a positive trend during 2017-20
The economy of Lebanon is classified as a developing, upper-middle-income economy. The nominal GDP was estimated $54.1 billion in 2018, with a per capita GDP amounting to $12,000. Government spending amounted to $15.9 billion in 2018 or 23% of GDP. The major industries of the country are banking,...
Aid towards COVID-19 testing: Aluminium extrusion maker Sagar Asia producing disinfection tunnels and testing booths for hospitals
Sagar Aisa, Hyderabad, India based aluminium extrusion maker and supplier for Walmart India, has remodelled its business to produce aluminium disinfection tunnels and testing booths towards the support of COVID-19. The company has repurposed its Hyderabad unit and came out with the new products in...
Bauxite mine site rehabilitation in Fiji continues
Jone Usamate, Minister for Lands and Minerals Resources, Fiji Govt. has been to Vanua Levu on his first official visit of the North since taking up the position. Usamate initiated his tour from Bua and stated that he hopes to be able to identify bottlenecks in the system and address issues related...
Govt. of India to endorse the establishment of Angul Aluminium Park to attract investments
Angul Aluminium Park Private Limited is a Private incorporated on 30 th July 2010. It is classified as Non-Govt. Company and is registered at Registrar of Companies, Cuttack, Odisha. Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, Govt. of India, on 13 th June’20, organised a...
Ghana–China Sinohydro bauxite deal manifest results in infrastructure: Tamale interchange 40% Complete
The Tamale interchange project funded under a barter arrangement between the governments of Ghana and China’s Sinohydro ltd is one of the multi-priority infrastructural projects worth $2 billion in exchange for Ghana’s refined bauxite. The project which is expected to be completed within 24 months...
Indonesian Metal miner Antam to invest $105 million in CAPEX, dividend pay-out remains $4.78 million
The Indonesian state-owned and public listed metal miner PT Aneka Tambang, ANTAM, aims to invest $105 million (Rp 1.5 trillion) in capital expenditure this year to build two smelter megaprojects. On 11 th June’20, Anton Herdianto, Director of Finance, Antam, said: “Most of the funds were slated for...
Hindalco FY20 profit slips 31% to INR 3,767 crore, revenue sinks 9%
Hindalco Industries, a subsidiary of the Aditya Birla Group, closed the financial year 2019-20 (FY20) with 31% downturn in its consolidated net profit at INR 3,767 crore as compared to INR 5,495 crore in the preceding fiscal. The consolidated revenue from operation drops by 9% to INR 1.18 lakh...
Govt. of Jamaica: $544 million to be drawn out from CDF for bauxite budgetary support
The Government of Jamaica is to draw out just over half a billion dollars from the Capital Development Fund (CDF) to deliver budgetary aid to the Jamaica Bauxite Institute (JBI) and the bauxite community development programme this fiscal year. An order, under the Bauxite (Production) Levy Act,...
The steep fall of Estonia’s export of Aluminium structures during 2017-20
Estonia, a country in Northern Europe, formerly part of the Soviet Union, borders the Baltic Sea and the Gulf of Finland. Including more than 1,500 islands, its diverse terrain spans rocky beaches, old-growth forest and many lakes. The economy of Estonia is an advanced economy and the country is a...
“COVID-19” strikeout: Metal Baron Sanjeev Gupta's GFG Alliance to axe jobs as weak demand speculation continues
The British metal baron Sanjeev Gupta’s GFC Alliance made public on 11 th June’20 that it will slash costs and reduce human resources owing to a steep slide in demand that might stretch to 18-20 months. The GFG Alliance, a conglomerate with wide-ranging operations including aluminium ,...
Aluminerie De Bécancour Inc.: The “Corona” crisis created challenging markets
The COVID-19 pandemic has slowed down the restart of the Bécancour Smelter. However, 90% is complete now and more than 200 people have been hired since January’20. Nicole Coutu, General Manager, who also became CEO of Alcoa Canada, admitted that the markets are very difficult. On 11 th June’20,...
Azelio: Recycled Aluminium to store solar energy, batteries unwanted
A start-up renewable energy company has invented a low-cost, zero-emissions solution to the problems that occur while the sun isn’t shining and the wind isn’t blowing. In contraction, the more the world grabs clean energy like solar and wind, the more it must support something remarkably...
COVID-19 impact: European Aluminium scrap suppliers heading toward difficult ventures
European aluminium scrap suppliers need to expand their customer base to maintain healthy business levels as manufacturing industries slow against recessionary forces driven by the COVID-19 epidemic. However, it will be a difficult venture with so many consumers facing uncertain futures. Murat...
