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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Jamaica alumina production is on a rise: PIOJ
The Jamaican economy is expected to record growth ranging between 0.5 and 1.5 per cent over the July to September quarter according to Director General of the Planning Institute of Jamaica (PIOJ) Colin Bullock. He was addressing the PIOJ’s quarterly media briefing on Tuesday August 27 at the...
Nalco union stands in way of Vedanta tie-up
In what would have been a win-win situation, Nalco could have channelled its surplus alumina to Anil Agarwal’s Vedanta Aluminium, which is starved of the input to make aluminium, and in the process improved its earnings as well. But severe resistance from the state-owned company’s employees’ union,...
Alumina reports $33 million profit
Mining companies have been cheering the fall of the dollar, none more so than Melbourne-based Alumina, which has disclosed a $US30 million ($33m) annual profit before tax price sensitivity to just a 1c move in the US exchange rate. For a firm that has been struggling to break-even at best of late,...
Alumina minimises loss with cost cutting
Alumina has narrowed its first-half loss as the company's aggressive cost cutting began to bear fruit, and a higher US currency helped to trim production costs. Alumina, a refiner of the white granular material used to make aluminum metal, said its net loss in the six months through June was US$2.4...
NALCO to raise alumina exports amid rupee plunge
National Aluminium Co Ltd plans to raise its alumina exports by 40 per cent to 1.4 million tonnes this fiscal year, its production chief said, helping the country increase its dollar inflow amid a plunge in the rupee. Asia's third-largest economy is looking to boost exports and lower imports of...
Alumina Limited downgraded to "underperform"
Alumina Limited was downgraded by equities research analysts at Bank of America Corp. to an “underperform” rating in a research note issued to investors on Monday, Stock Ratings Network reports. Alumina Limited traded down 3.79% during mid-day trading on Monday, hitting $3.55. 65,987 shares of the...
Hongqiao negotiates with Indonesian Government to export bauxite with tax exemptions
Leading aluminium producer China Hongqiao Group Ltd. is negotiating with Indonesian government to allow it export bauxite with tax exemptions. Hongqiao Group, which hopes to export 10-12 million tons of bauxite from Indonesia over the next 5-8 years, has commenced negotiation with the Indonesian...
Hindalco bets big on Utkal & Mahan plants to raise output
Aluminium contributes nearly 75% to company’s profit Hindalco Industries will be producing around 3 million tonnes of alumina and 1 million tonne of aluminium from 2014, as production from the company’s Mahan and Utkal Alumina will come on-stream. Mahan aluminium smelter, in Madhya Pradesh, is...
Clarendon Alumina recommends participation in the Exchange Offer by Jamaican Government
On July 31, 2013, The Government of Jamaica announced an offer to exchange with Eligible Holders of the 8.50% amortizing notes due 2021 issued by Clarendon Alumina Production Limited ("CAP") and guaranteed by Jamaica. Jamaica is offering to exchange any and all CAP Notes held by such Eligible...
Orbite Aluminae down 18% ahead of financing
Orbite Aluminae Inc. has confirmed that it plans an equity offering within the coming weeks. Wednesday's announcement came after the close of markets in which stock in the development stage ore producer plunged nine cents, or more than 18%, to 40.5 cents on heavy volume of more than 6.3 million...
NALCO registered a net profit of INR 160 crore in 1st quarter
National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines, Govt. of India, has announced the results for the 1st quarter ended June 2013. According to the reviewed financial results for the 1st quarter of the financial year 2013-14, taken on record in the meeting held in New...
Alcoa welcomes Govt's decision to extend Wagerup refinery's environmental licence
Alcoa welcomes the Environment Minister's announcement today to amend the Wagerup refinery's environmental licence to increase the refinery's annual production limit from 2.6 to 2.65 million tonnes a year. This is not an expansion of the refinery. An increase in the production limit by 50,000...
Jamaica's bauxite, alumina fate reliant on energy sources
A reliance on expensive, imported energy has temporarily shuttered Jamaica’s bauxite alumina industry. But foreign operators who are working there hope to slash costs and kick-start production once more. Both United Co Rusal and Alcoa are looking at alternatives to the costly oil they are forced to...
Vale updates alumina and aluminium division
In Q2 2013, Vale's bauxite extraction was 2.8% higher than in Q2 2012 and 6.0% higher than in Q1 2013 as a result of increased alumina production. Alumina production increased 8.5% against Q2 2012 which experienced processing issues and slightly decreased against Q1 2013. Internal consumption of...
Gove alumina refinery future in doubt as Rio Tinto drops sale plan for PAL
The future of the Gove alumina refinery is again in doubt following the announcement by mining giant Rio Tinto that it is reintegrating its subsidiary Pacific Aluminium in the parent company because it could not sell it for a good price. The Northern Territory Government says it believes the move...
Jamaica exports first alumina shipment under new agreement
Jamaica this week exported its first alumina shipment under a new agreement between Clarendon Alumina Production Limited (CAP) and international supply chain manager, Noble Resources Limited. The shipment left from Rocky Point in Clarendon on Wednesday. Noble Resources Limited is listed on the...
Jamaican Govt announces an exchange offer for Clarendon Alumina Production Limited
The Government of Jamaica announced today that it has commenced an offer to exchange with Eligible Holders of the 8.50% amortizing notes due 2021 issued by Clarendon Alumina Production Limited and guaranteed by Jamaica. Jamaica is offering to exchange any and all CAP Notes held by such Eligible...
Alumina Limited continues with underperform rating
Alumina Limited‘s stock had its “underperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. Shares of Alumina Limited traded down 1.01% during mid-day trading on Friday, hitting A$0.985. Alumina...
