Impact Minerals plans staged 4,000-tpa HPA production in US
A NewPro study supports a staged 2,000-to-4,000-tonne-per-year high-purity alumina plant on the US Gulf Coast, with a post-tax NPV of about USD373 million and a 42.3 per cent IRR. Impact Minerals is advancing plans for a modular high-purity alumina (HPA) plant in the US after an independent scoping...
Alcoa files SEC registration for $5.6b South32 alumina, aluminium and bauxite asset deal
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
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Alcoa first quarter earnings results
Alumina Limited notes Alcoa Inc’s (“Alcoa”) quarterly earnings release and attaches it for reference. Relevant market data to assist readers in understanding the market, operational and commercial matters of Alcoa World Alumina & Chemicals (“AWAC”) are attached. Alumina Limited’s CEO Peter Wasow,...
China alumina imports fall in March; further declines expected in April
Inbound shipments of alumina to China fell 18.91% to 376,900 tonnes in March due to production cuts at aluminum producers and falling prices, Shanghai Metals Market understands. In China, more than 1.32 million tonnes of aluminum capacity has been put offline by the week ending April 18, leaving...
China bauxite imports tumble 59.17% YoY in March on falling supply and weak demand
China imported 1.83 million tonnes of bauxite in March, down by 59.17% year-on-year due to falling arrivals and soft consumption, according to Shanghai Metals Market. The sharp drop in imports was due mainly to no shipments to China from Indonesia after its ban on ore exports, according to SMM's...
Queensland Alumina sets for a bright future with an improved efficiency
GLADSTONE'S Queensland Alumina Ltd is set for a healthy future that is capable of producing alumina for the next 40 years at least as the business continues to improve efficiency, Despite an organisational restructure in 2012 which saw 130 positions cut from QAL, the plant's biggest setback was...
Chalco to suspend 600,000-tpy aluminum capacity & 800,000-tpy alumina capacity
Aluminum Corporation of China (Chalco) has announced that it would halt 600,000-tpy of the total capacity of aluminium production and 800,000-tpy of the total alumina capacity as there is a severe overcapacity in the alumunium industry. The company has planned to adopt “flexible production” in...
BHP Billiton to cut down aluminum capacity at Alumar smelter in Brazil
As the challenges in aluminium industry persist, BHP Billiton, the global resource giant, have decided to cut down the capacity at Alumar smelter in Brazil starting in June quarter. The new curtailment by BHP follows suspension of Alumar’s 45,000t capacity in September 2013 quarter, said the...
Alcoa has alumina win but headwinds to grow
Alumina chief executive Peter Wasow said industry conditions remained difficult in the first quarter as oversupply continued to depress alumina prices, despite “robust” growth in global demand and a strong result for joint venture partner Alcoa’s alumina unit. Alcoa posted a 59 per cent increase in...
Norsk Hydro: Loading of alumina at Alunorte resumes
The Pará State Environmental Secreteriate (SEMA) has reinstated Alunorte's environmental operational license for loading of alumina at its port, Vila do Conde, with effect as of 3. April 2014. This results in the resumption of loading of alumina with immediate effect. The resumption of alumina...
Nalco achieves highest ever turn-over, forex earning
Navratna' PSU Nalco has reported excellent results in terms of production performances and foreign exchange earnings for 2013-14. During the year, the company achieved record foreign exchange earnings of INR 3719 crore (provisional). As per the Public Enterprise Survey of Department of Public...
Alumina Ltd set to re-rate in 2014
Is Alumina Ltd (AWC) about to shake investor apathy? China's aluminium production industry is becoming more rational and CIMB considers this will benefit the pricing of alumina. CIMB's analysis suggests there's now much less chance that alumina prices will ease over the medium term. The broker...
Loading of alumina at Alunorte suspended, production continues
The Pará State Environmental Secreteriate (SEMA) has suspended Alunorte's environmental operational license for loading of alumina at its port, Vila do Conde, with effect as of 1 April 2014. This results in the suspension of all loading of alumina with immediate effect. The production of alumina at...
Jamaican Finance minister moves to allay fears as bauxite giant Rusal posts loss
NEWS that Russian aluminium producer UC Rusal has posted a US$3.2-billion loss for 2013 has raised fresh concerns about the future of Jamaica's bauxite industry and questions as to whether the company will resume full production here. UC Rusal owns three local bauxite alumina plants, of which only...
Lithuania's Ukio Bankas seeks to return control over two subsidiaries of Bosnia's alumina plant Birac
Lithuanian lender Ukio Bankas, which has recently taken over Vilnius-based Birac Europe, seeks to return its control over two subsidiaries of Bosnia's alumina plant Birac - Alumina and Mehanika, news service Capital.ba reported. State-controlled Ukio Bankas took over the management of Birac Europe...
Orbite comments on recent trading activity
Following heavy and unusual trading that occurred late in the day today and yesterday, Orbite confirms it is unaware of any undisclosed material changes or corporate developments in its operations that would account for the recent variations in share price or increased trading volumes. A formal...
Qatalum presented its Aerated Distribution System (ADS) for alumina at TMS
Qatalum presented its Aerated Distribution System (ADS) to over 4,300 industry leaders at the annual Minerals, Metals & Materials Society meeting in San Diego. The Aerated Distribution System (ADS) at Qatalum has been in operation since 2009 and has seen significant process stability. It is...
Gove returns to normal operations
Operations at Rio Tinto’s Gove bauxite and alumina site have returned to normal, the miner told Metal Bulletin on Friday March 21. Rio Tinto had suspended all operations at its Gove site in Australia following the death of a worker on Tuesday February 25. "Gove operations have returned to normal....
Alumina Limited receives Outperform Rating from Credit Suisse (AWC)
Credit Suisse restated their outperform rating on shares of Alumina Limited in a research note issued to investors on Thursday, AnalystRatings.NET reports. Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Williams...
Alumina prices in China slide as aluminium nears five-year low
Chinese alumina prices were down again this week as demand from local smelters remained depressed amid production cuts and aluminium prices approached a five-year low. Alumina was offered at $318 per tonne fob Australia this week, compared with $320-321 per tonne last week, according to market...
