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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Vedanta hopeful of restarting Lanjigarh refinery by July
Diversified conglomerate Vedanta Resources expects to restart its alumina refinery in Odisha'sLanjigarh by July and is hopeful of securing approvals for doing mining at Niyamgiri hills in the state by September. "Management expects that the mining approvals for mining and the statutory approvals...
Global Alumina Releases First Quarter 2013 Results
Global Alumina Corporation announced today its financial and operating results for the three month period ended March 31, 2013. The text of the quarterly unaudited financial statements and management's discussion and analysis can be viewed or printed from the Company's SEDAR reference page at...
Utkal alumina refinery to commence trial production
The Utkal Alumina International Limited, a unit of Hindalco Industries, plans to start trial production at its 1.5 million tonnes per annum alumina refinery in Odisha by the end of May, an official said Monday. The green field project at Doragurha near the district headquarters town of Rayagada,...
Chalco to sell $1.3 billion of assets mainly to parent company
Aluminum Corp. of China Ltd., the nation’s biggest producer of the lightweight metal, said it will sell about 8.18 billion yuan ($1.3 billion) of assets, including production plants, mainly to its parent. The Beijing-based company, called Chalco, also plans to sell $1 billion of perpetual bonds...
Orbite shuffles management to broaden its top management team
Orbite Aluminae Inc., developing pilot-scale alumina production based on the Gaspé region’s clay deposits, is broadening its top management team. Glenn R. Kelly, who has led Quebec City’s CO2 Solutions Inc., a Quebec City developer of carbon capture technology, over the past four years, was named...
Commissioning of new alumina capacity delayed against depressed alumina prices
Construction of some new alumina capacities in China slowed against sluggish alumina prices and production cuts at aluminum smelters. One alumina producer in Henan told SMM that it will postpone the commissioning of newly-built 600,000 mt/yr alumina capacity to August from originally scheduled...
NALCO floats tender to export 30,000 tonnes alumina
State-run National Aluminium Co Ltd (NALCO), India's third-largest producer of aluminium, has issued a spot tender to export 30,000 tonnes of alumina, two company sources told Reuters on Tuesday. The last date of submission of bids is May 14 and delivery would be made at the end of this month, said...
IMMT extracts alumina from fly ash
The Institute of Minerals and Material Technology has succeeded in extracting alumina from industrial waste fly ash and is all set to become the first laboratory in the country to develop the process into a commercially viable technology for the industries. The scientists at IMMT have extracted...
SMM aluminum products data analysis for March 2013
Data from the China Nonferrous Metals Industry Association show that China’s alumina output hit nearly 3.5 million mt during March, up 12.36% YoY. YTD output through March amounted to 9.09 million mt, also up 13.88% YoY. Increased alumina output from the commissioning of new capacity during 1Q...
Chinese heat bends aluminium out of shape
Business Spectators reported that aluminium is the metal that missed the commodities boom and caught the bust. Alcoa’s announcement overnight that it was considering mothballing or cutting another 11% of its global smelting capacity is further evidence of the industry’s struggle to come to terms...
Government to get loan to fund Clarendon Alumina Partners operations
The government is to get a loan from GLENCORE to help fund the operations of Clarendon Alumina Partners Limited. The Administration recently indicated that it has put off plans to divest CAP but stressed that the loss-making entity would cease to be a burden on the public purse. Finance Minister Dr...
China’s alumina output grows to nearly 3.5 million mt in March
Data from the China Nonferrous Metals Industry Association show that China’s alumina output hit nearly 3.5 million mt during March this year, up 12.36% YoY. YTD output through March amounted to 9.09 million mt, also up 13.88% YoY. The 3.5 million mt in alumina output in March is equivalent to an...
China’s proven bauxite reserves hit 4.08 billion in 2012
According to data from the Ministry of Land and Resources, China’s proven bauxite reserves grew 210 million mt to 4.08 billion mt in 2012, rising for three years in a row and at CAGR of 4.75%. Proven bauxite reserves across China totaled 3.55 billion mt in 2009. Assuming 2 mt of bauxite per ton...
Locals want Vedanta’s alumina refinery in Lanjigarh reopened
On Tuesday, more than a thousand people gathered at the main gate of Vedanta’s Alumina Refinery and met the President and Chief Operating Officer, Mukesh Kumar, demanding re-opening of the plant, the company said. The plant has stopped work since December 5, owing to non-supply of bauxite. They...
Rusal to reopen Jamaican alumina plants with new energy source
The Jamaican government and Russian mining company Rusal have agreed to reopen two of the Caribbean island's alumina plants within three years, Jamaica's energy and mining minister, Phillip Paulwell, announced on Wednesday. Rusal, the world's largest aluminum producer, has been operating in Jamaica...
Vedanta Resources to restart alumina refinery
Vedanta Resources Plc, controlled by billionaire Anil Agarwal, may soon restart a mothballed alumina refinery after a change in mining rules helps resume supply of raw materials to the plant. Vedanta Aluminium Ltd. had to shut its factory in December at Lanjigarh in the eastern state of Odisha...
Rio Tinto Alcan aluminium production up 14 percent in the first quarter of 2013
Rio Tinto has reported that its production from Rio Tinto Alcan refinery has increased by 14 percent to 594000 tonnes in Q1 13 from Q1 12. The rise was on account of resolution of lockout at Alma and power outage at Shawinigan. When compared to fourth quarter ending previous year the production was...
Alumina Limited's shares downgraded by Credit Suisse
Credit Suisse downgraded shares of Alumina Limited from a neutral rating to an underperform rating in a report issued on Tuesday. Alumina Limited traded down 1.48% on Tuesday, hitting $4.325. Alumina Limited has a 1-year low of $2.65 and a 1-year high of $5.26. The stock’s 50-day moving average is...
