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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Weiqiao's 750,000-tpy Aluminum Plate/Sheet/Strip Project Reaches Designed Capacity
Shandong Weiqiao Pioneering Group’s 750,000-tpy high-precision aluminum plate, sheet and strip project, with a total investment of 7.5 billion yuan ($1.22 billion), has now reached its designed capacity, China Nonferrous Metals News cited the company’s chairman Zhang Shiping as saying today. The...
Alumina Limited stock rating reaffirmed by credit Suisse
Credit Suisse reissued their outperform rating on shares of Alumina Limited in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports. Credit Suisse has also updated their ratings on a number of other stocks in the last week. The firm initiated coverage on shares...
Alumina output of Jamaica down in January
The total production of raw bauxite in Jamaica was 390,550 tonnes in the month of January, a fall by 15% since the last year. Meanwhile, there has been an increase in alumina production by 13% to around 164,500 tonnes on prior comparable period. There was a drop in the total production of raw...
Ratio of stability in prices of aluminium & favourable rupee-dollar make it a good purchase: Nalco
Nalco’s third quarter numbers for the period 2013-14 were more or less expected except a small fall in production of alumina. The production has fallen on a quarterly basis due to the delay in the export shipment. But there has been a significant rise in alumina production on a year-on-year (y-oy)...
Alumina Limited Receives “Outperform” Rating from Credit Suisse
Credit Suisse reiterated their outperform rating on shares of Alumina Limited in a research report released on Tuesday morning, Analyst RN reports. Credit Suisse has also modified their ratings on a number of other stocks in the few days. The firm reiterated its outperform rating on shares of EV...
Alumina imports of China to fall in Feb due to cut down of production costs
Alumina imports of China are expected to fall in the month of February, largely due to falling post-holiday demand as well as cut down of production costs by aluminum smelters, as said by Shanghai Metals Market. The aluminium producers in China have almost lost their enthusiasm in building up...
Integrated aluminium producer model will be challenged over the next few years: Alumina Ltd
The integrated aluminium producer model will be challenged over the next couple of years, leading to a shake-up in corporate structures, an executive at Alumina Ltd said. These changes could take a variety of forms, Andrew Wood told Metal Bulletin's 20th Bauxite and Alumina conference in Miami....
China’s Bauxite imports peak in january as Indonesia's export ban looms
China’s bauxite imports hit record high in January as Indonesia’s export ban loomed large, Shanghai Metals Market has learned. Inbound shipments reached 8.02 million tonnes last month, spiking 57.81% year-on-year. Indonesia contributed 6.14 million tonnes, soaring 105.04% YoY, while Australia...
Hudson updates alumina development program at Its White Mountain Anorthosite project in Greenland
HUDSON RESOURCES INC. is pleased to announce updated results for its alumina (aluminum oxide) development program on the calcium feldspar anorthosite from its White Mountain Project in Greenland. The objective of this phase of testwork is to produce smelter grade alumina (SGA) that meets both the...
Bauxite and Alumina Market in the World to witness 2.8% CAGR Through 2017
In 2012, the worldwide bauxite production reached 263,000 tonnes, registering a 1.3% YoY increase. In the same year, the overall alumina supply volume stood at more than 92,000 tonnes, recording just a 0.7% YoY increase. Australia, China, Brazil, Indonesia and India were the top five bauxite...
Apple's partner, GT Advanced Technologies uses molten alumina to make sapphire glass for iPhone 6
According to recent reports, Apple has been pushing to make its sapphire production operational and running in time for the release of its next flagship phone. Apple has started including sapphire technology into its devices but not as full scale as a sapphire screen. The camera of the iPhone 5s...
Hydro's Alunorte production rising, offset by ICMS tax charges
Hydro has reported its fourth quarter 2013 and full year earnings. For the full year, underlying EBIT rose to 2,737 million from 1,297 million in 2012 despite the fall in EBIT in the fourth quarter. Fourth-quarter underlying EBIT for the Bauxite & Alumina business area was, however, lifted by...
Iran aluminum production up 4%
Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) said the country produced 292,702 tons of aluminum ingots in the first 10 months of the current Iranian year (started March 21, 2013). The figure shows an increase of four percent compared with the corresponding output...
Orbite and European partner to build red-mud treatment plants
Montreal's Orbite Aluminae Inc. is stepping into the international scene via an exclusive partnership with European-based waste management giant Veolia Environmental Services to build plants to treat and recycle the toxic red mud generated by the Bayer alumina production process. They plan to get...
Nalco Q3 profit reports a leap of 10%
National Aluminium Company Ltd (NALCO) has reported a rise of 10 per cent in net profit at 21 million dollar (approx.) for the 3rd quarter ended Dec 31st. The Orissa based Navratna PSU had posted a net profit of 19 million dollar (approx.) during the corresponding quarter of the last fiscal year....
Vedanta targets 80-90% capacity utilisation on better bauxite supply
Vedanta is aiming at achieving of 80-90 per cent capacity utilisation this month, boosted by availability of bauxite from several sources, even as its plans for captive mining in Odisha remains thwarted by the ministry of environment & forests (MoEF) refusal to provide stage II forest clearance to...
Nalco's search for foreign smelter site starts again
Amid a continuous rise in energy costs, persistent low aluminium prices are leading producers in the US and Europe to mothball high-cost smelters. Some are also reducing the amperage used in smelter pots to restrict metal production. Despite India sitting on electricity-generating coal resources of...
Alumina Limited gets a 'Buy' Rating
Investment house Deutsche Bank has rated Bauxite and aluminium investor Alumina Limited as a ‘Buy’, following the release of more than expected fourth quarter results, a report in Australian Financial Review says. Alumina Limited owns a 40% share of Alcoa World Alumina & Chemicals (AWAC), the...
