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.
Sanjeev Gupta formerly owned Dunkirk Aluminium raided by French officials in money laundering investigation
The report has turned out that French police officials have raided the Sanjeev Gupta’s GFG Alliance Paris offices and a previously owned aluminium manufacturing unit in a widening of a criminal investigation into the metal tycoon’s establishment. In 2021, the Paris Prosecutor’s Office rolled out an investigation into Sanjeev Gupta’s business operations in France over a claim for the “misuse of corporate assets” and “money laundering”, reduplicating a separate probe by the Serious Fraud Office (SFO), a non-ministerial government department of the Government of the United Kingdom that investigates and prosecutes serious or complex fraud and corruption in England, Wales and Northern Ireland. The CEO and Founder of GFG Alliance, Sanjeev Gupta, who once was complemented by the politicians as...
Djibouti’s import of aluminium tubes and pipes during 2019-22 demonstrates an uneven demand trend
In the Horn of Africa, a nation named Djibouti has lately been classified as a low-middle-income country status. However, despite the recent economic development, the country’s poverty rates stand at 79%, with 42% of the population living in paramount poverty. Djibouti provides a mixed economic system which incorporates a wide range of private freedom, blended with centralized economic planning and government regulation. It is a member of the League of Arab States (Arab League) and the Common Market for Eastern and Southern Africa (COMESA). The revoke of COVID-19 restrictions has smoothed Djibouti’s economic rebound in 2021 to an estimated 4.3%. Although the growth is projected to remain modest in 2022 but augment apace thereafter, the credit goes to infrastructure projects, diminishing...
AMAG secures multi-year complex components supply order from Ruag Aerostructures
The leading Austrian premium supplier of high-quality cast and rolled aluminium products used in a wide range of industries including the aircraft, AMAG Austria Metall AG’s fully owned subsidiary, AMAG components with its headquarter in Übersee am Chiemsee in Germany since the beginning of the year, has been working successfully with Ruag Aerostructures for many years. AMAG components is an important supplier of complex individual parts and assemblies, that has now been able to secure the existing scope of supply for years to come and acquire additional orders for new parts and assemblies. However, both the parties have agreed not to unveil the elements of the contract, which has a total volume of around one hundred million euros. Gerald Mayer, the CEO of AMAG Austria Metall AG said,...
Primarily aluminium weekly recap: India holds massive prospects for aluminium production as several applications will switch from steel; Indonesian coal miner Adaro Energy all set to enter the aluminium sector
The primary aluminium industry has witnessed a rise in LME aluminium by $US$39.5 per tonne on 21 st April 2022 and closed at US$3,302.5 per tonne. The Indian aluminium major, Nalco increased its aluminium ingot price by INR2100/t on April 21to sell it at INR 282,650-286,150 per tonne. The picture remains quite clear for the global aluminium industry, as the demand for aluminium is ascending, while the supply seems to have a glitch. The geopolitical factors, the gas supply shortage and the rise in energy prices, supply disruptions putting a hold on raw materials and the return of Covid in China is driving the industry’s situation to complex. Aluminium is a heavily required commodity now due to its sustainable nature and the automotive, construction and packing sector are gradually shifting...
Odisha High Court directs Indian Railways to allocate rakes for coal carriage to Nalco
On 21 st April 2022, the High Court of Odisha directed the Indian Railways to allocate rakes for the carriage of coal to the Indian state-owned integrated aluminium company Nalco. According to a report it was stated that Nalco is countering the coal shortage challenge and Odisha Govt. will find a solution to resolve it. In an interim order, the High Court directed the East Coast Railways (ECoR) to take into consideration of four rakes allotments every day with the greatest importance to transport coal from Mahanadi Coalfields’ (MCL) Bharatpur mines to NALCO’s plant at Angul and if such a request is made by the aluminium producer. The Central PSU officer’s body, Nalco Officers’ Association has proceeded to the HC seeking endeavouring a direction since the smelter is facing a high dearth of...
Con-form breaks traditional mould for roof-mounting mechanical equipment with lightweight aluminium supply from Capral
The Australian one-stop-shop for lightweight mechanical plant platform and roof access solutions, Con-form Group outstripped traditional roof-mounting mechanical equipment in 2014 and has not to retrospect ever. Nigel Cro, the Managing Director of Con-form Group said, “People will drive along on a highway overpass and there are a lot of things on roofs that you see; now if you don’t see those things, that’s because we’ve done a good job – that’s our goal.” As it is very much known that the Industrial HVAC systems are heavy and most often noisy. Now, the industry pioneer and leader Con-form Group delivers an engineered solution for the structure to cater for the weight on rooftop installations and additionally deliver acoustic solutions to restrain environmental noise. Con-form Group’s...
Ghana invites Indian mineral refining firms to explore investment lines
The West African nation Ghana, which gained independence as the first sub-Saharan nation has invited Indian organizations in the capacity of mineral refining including bauxite among other minerals like gold, lithium, diamond, crude oil and manganese. to explore investment paths. Kwaku Asomah-Cheremeh, the High Commissioner of Ghana in India, while speaking at an interactive session organised by MVIRDC World Trade Center, Mumbai and All India Association of Industries said, “We are willing to offer mining leases and export licenses for refining gold and other raw materials to Indian companies.” The High Commissioner further added, “Indians have already set up business in timber, teak, cashew processing, steel manufacturing and IT sectors. The African nation has a fair and transparent...
Hawaiian Airlines replaces plastic with aluminium water bottles in partnership with Mananalu
The largest operator of commercial flights to and from the U.S. state of Hawaii, Hawaiian Airlines is offering recyclable aluminium water bottles to replace plastic containers. The Honolulu-based commercial airline is on a run to minimize plastic waste and make it happen by partnering with Jason Mamoa's founded water company Mananalu. Hawaiian Airlines will replace plastic water bottles with infinitely recyclable aluminium containers in its Premium Cabin from 20 th April onwards. The airline is providing Mananalu’s 16-ounce aluminium bottles to its premium guests on all flights to the US East Coast and also international destinations. Avi Mannis, the Chief Marketing and Communications Officer at Hawaiian Airlines, commented, “We have remained steadfast in our commitment to source more...
Odisha state govt. seeks to decode Nalco’s coal shortage
On 19 th April 2022, the Odisha state government stated that it will endeavour a discussion with Mahanadi Coalfields Limited (MCL), one of the major coal-producing companies in India to solve the dry fuel crisis. Prafulla Kumar Mallik, the state’s minister for Steel and Mines said, “I will hold discussions with the authorities of Nalco and also the MCL and ensure that the aluminium major's production is not affected due to shortage of coal." The Indian state-owned integrated aluminium company, Nalco, whose authorities are close-mouthed over the crisis as both the mines and coal ministries are governed by one Indian Union Minister. However, several workers' unions of Nalco have awakened the trouble over the coal dearth at the Angul aluminium smelter. Concurrently, the worker's unions...
Martin Hyde joins Alupro in the managerial capacity of sustainability and public affairs
The aluminium packaging recycling organisation Alupro has made public the appointment of Martin Hyde as sustainability and public affairs manager. Hyde has remarkable experience in sustainability, legislation and environmental policy as he is joining the company from the producer compliance scheme Comply Direct Ltd. However, during his six-year tenure at Comply Direct, he was very much responsible for delivering consultancy on the packaging, waste electricals, recycling, batteries, carbon, ESG and net-zero to a diverse member portfolio. Hyde, an expert in the circular economy has an intricate understanding of policy changes such as Extended Producer Responsibility (EPR), Deposit Return Schemes (DRS) and the UK Plastic Tax. In his new capacity, Hyde will work closely with Tom Giddings, the...
Iceland’s import of aluminium bar rods and profiles during 2019-21 illustrates a sharp downfall followed by marginal growth; 5% rise predicted for 2022
The economy of Iceland rose at a steady pace but onwards 2017 decelerated its speed through 2019, crashed in 2020, and again recovered in 2021, which resulted in a five-year average annual growth rate of 2.20%. The Nordic island country has maintained strong levels of economic freedom for the past half-decade. According to OECD, the economy of Iceland is projected to grow by 5.2% in 2022 and 4% in 2023, navigated by rebounding foreign tourism and resilient exportation of goods. However, it has been notified that business investment will slow down as financial conditions are tightening and restrained projects are being terminated. A nation with impressive poverty rates, Iceland imported 6355 tonnes of aluminium bar rods and profiles during 2019-21. Machine and equipment parts are...
Ukraine-Russia conflict compels Metro Mining to re-establish $5 million bridge loan
The Australian exploration and mining company, Metro Mining, which is based in Brisbane, Queensland functionalizing its flagship project, the Bauxite Hills Mine has re-established and drawn down a short term bridge loan with Greenstone Resources, a private equity fund specialising in the mining and metals sector and Lambhill. A bridge loan is a financial arrangement where the borrower can get access to Short Term Loan (STL) to meet short-term liquidity requirements. Metro’s $5 million loans are based on the same terms as it was catered to in January 2022. The loan was drawn up but not taken up at the time. However, Greenstone Resources and Lambhill are the related parties. The unsecured loan has a term of 6 months at a rate of interest of 14%. Metro Mining stated, “We have decided to...
Japan’s semi-finished aluminium product export market during 2019-21manifests strong demand; 4% dive estimated for 2022
The production of primary aluminium in Japan is no more than 0.5% of the total demand of the nation. In Japan only one aluminium smelter is left out to be operational, however, the country’s per-capita consumption of aluminium has grown to around 16 kg. According to the World Bureau of Metal Statistics, the Japanese production of secondary aluminium in 2020 was around 690.2 thousand tonnes, a downfall of roughly 105.2 thousand tonnes compared to the existing year. The Japanese semi-finished (plates, sheets & strips) aluminium products market has manifested a significant demand in the overseas market due to its technology proven quality. The East Asian nation, exported 622,555 tonnes of aluminium semi-finished products, attracting earnings of foreign revenue of $1.831 billion from the...
Ball Corporation, Novelis Inc. elevates recycled content of the ‘Ball Aluminum Cup’ to 90%
On 19 th April, the global leader providing infinitely recyclable aluminium beverage packaging and aluminium recycler and supplier Novelis publicized that the Ball Aluminum Cup™ is now created of 90% recycled content. It has been stated that this evolution model the Ball Aluminum Cup’s infinite recyclability by reducing its carbon footprint, therefore further positioning the product as a sustainable solution for packaging waste challenges across the sports and entertainment, food service, retail and beverage industries. The innovative, sustainable aluminium packaging solutions provider for beverage, personal care and household products customers, Ball has designed the lightweight aluminium cups to bring beverage packaging circularity to sports and entertainment venues in response to...
Indonesian coal miner Adaro Energy all set to enter the aluminium sector
The second-largest coal miner in Indonesia, PT Adaro Energy Indonesia Tbk will enter the aluminium sector as a part of the company's diversified business portfolio. Garibaldi Thohir, the President Director of Adaro said, “The Company would soon enter the aluminium business.” He further addressed, "It is hoped that this year and 2023 the construction of the smelter can begin so that in 2024 the construction will have been completed.” The motive for ADRO’s stepping into the aluminium sector is to contribute to the development of electric vehicles (EV) and aluminium batteries. Presently, the company is the second-largest miner in the nation concerning its production volume and market capitalization. The company, however, established a subsidiary in the name of PT Adaro Aluminum Indonesia,...
Guinea: Military junta influencing bauxite and other mining firms to yield more revenues
The West African nation, Guinea which is recognised as the world's biggest exporter of bauxite is currently ruled by the Guinean military junta’s resolution to amplify the revenue generation from its bauxite and iron ore resources is anticipated to hurt the Chinese endeavour to make an invasion into the bauxite rich nation. However, in spite of all the assurances delivered by the present government that it would respect all the “existing regulations, contracts and investments” following the dethroning of Alpha Condé as President in September 2021, Guinea has been deploying more pressure on foreign mining firms. Freshly, it instructed foreign companies to design a plan for locally processing bauxite into alumina construct and in March the government also suspended operations at Simandou,...
India holds massive prospects for aluminium production as several applications will switch from steel: Chairman, Vedanta
On 16 th April 2022, the Founder and Chairman of Vedanta Resources Limited, Anil Agarwal exclaimed for more deregulation in India’s defence sector and the corporatization of defence factories to develop the nation self-reliant in terms of arms and weapons production. India has 52 defence factories that produce weaponry and ammunition, while primarily they are functionalizing at the capacity of 10%, as reported by the Chairman. While speaking at the launch of a virtual postgraduate programme for executives in London, Anil Agarwal commented, “We (India) have the potential to become the world’s largest arms and ammunition producer. If defence manufacturers are corporatized, a new way of thinking will emerge.” He further stated that there is an immense expenditure in regards to the...
Ghana Bauxite Company’s newly appointed board members paid a working visit to the Awaso mine
The newly appointed directors to manage the board of Ghana Bauxite Company (GBC) has paid an official visit to the multi-decade old bauxite company’s mining site in Awaso to acquaintance themselves with the mining operations. Isaac Ofori Poku, the Executive Board Chairman of Ghana Bauxite Company (GBC) led the team to tour the facilities at the bauxite mining site together with Frederick Sarkodie, the General Manager of GBC. The Director’s delegation visited the Administration, the Community Hospital the Community School, recreational Centres and GBC Guest Houses, the various mining concessions, the Haulage Area, the Crusher, the Washing Plant and the other required units. However, the Board conversed with the workers to find avenues to discourse prevailing disputes at the bauxite mines...
