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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China’s alumina imports down 54.5% YoY in March
According to China Customs, China imported 200,000 mt of alumina during March, down 54.5% YoY. YTD imports through March amounted to 1.04 million mt, also down 10.3% YoY. This is the first time China’s alumina imports slid to near 200,000 mt since December 2012, a steep decline from January’s...
Deutsche Bank maintains a Buy rating on Alumina Limited
Deutsche Bank today maintained a Buy rating on Alumina Limited. Analyst Paul Young said he expects a bumpy Q2 but thinks fundamentals remain strong. "Importantly we expect a rebound in the alumina price in 2H (to US$350/t) on tightening fundamentals (stronger demand and cost push in China) and...
The Russian company targeting 2 million tons of alumina by 2013 end
Vimetco Russian company targets to produce 2 million tonnes of alumina ore from his mines located in West Kalimantan by the end of this year. According to Susilo, the Russian company has been working with local company PT Intan in Sangatta area, West Kalimantan to produce alumina. "They are very...
Alumina gets boost from Alcoa
Shares in Australia’s Alumina are soaring after its joint venture partner Alcoa signalled that the aluminium industry had turned around, with a jump in profit. The US aluminium giant Alcoa reported a 59 per cent rise in first quarter earnings. Alumina’s shares were up 6.25 cents, or 6.22 per cent,...
Shares of indebted Bosnian alumina plant suspended
The Banja Luka Stock Exchange on Monday suspended trading in the heavily indebted alumina plant Birac ad Zvornik, which is subject to bankruptcy proceedings, for 11 days, it said on its website. The government of Bosnia's autonomous Serb Republic ordered the tax authority at the weekend to launch...
Orbite Aluminae trading at $0.99
On Thursday, the top TSX mover was Orbite Aluminae Inc. The stock lost 9.2% and was trading at $0.99 on volume of 3.6 million. On April 3, the alumina producer filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada. The...
Bosnian Serb government orders bankruptcy at Birac alumina plant
Bosnia's Serb Republic government ordered the tax authority on Saturday to launch bankruptcy procedures at the region's indebted alumina plant, majority-owned by troubled Lithuanian lender Ukio Bankas . The decision follows a police investigation earlier this week into alleged tax evasion and...
Orbite falls down to two-year low on equipment delay
Orbite Aluminae Inc., the Montreal- based company seeking to extract alumina and rare-earth metals without toxic residue, fell to the lowest in more than two years as equipment delays threaten production goals. Orbite dropped 22 percent to C$1.07 at 10:56 a.m. in Toronto, the lowest intraday price...
Orbite’s HPA production facility’s cost approximated at $55 million
Orbite owns and operates a facility in Cap-Chat, Québec, that was originally operated as a pilot plant up to and until March 2012. The 2,600 m2 pilot plant has since been converted into a full-scale 5,903 m2 high-purity production plant, designed to produce alumina at a purity level of 99.99%...
NALCO marks highest ever turnover
National Aluminium Company Ltd. has reported excellent results in terms of sales turnover and foreign exchange earnings for the year 2012-13. During the year, the company achieved record sales turnover in excess of $1323 million and foreign exchange earnings of $625 million. Besides, in terms of...
Alumina Ltd lost 0.43% at $4.59
Alumina Limited lost 0.43% at $4.59 after trading over 602,000 ADRs. It is a leading Australian company listed on the ASX and the NYSE, and invests world-wide in bauxite mining, alumina refining and selected aluminium smelting operations through its 40% ownership of Alcoa World Alumina & Chemicals,...
Henan Shenhuo Group’s profits down Over 80% YoY in 2012
According to Henan Shenhuo Group's annual report, the company reported RMB 27.99 billion in operating revenues during 2012, down 8.84% YoY ,and RMB 202 million in profits attributable to shareholders of its listed company, also down 82.48%YoY. Its earnings per share declined 82.43% YoY to RMB 0.114...
Orbite begins shipping commercial samples of high-purity alumina
Orbite Aluminae Inc.is pleased to announce that the first commercial samples of high-purity alumina produced at its HPA plant in Cap-Chat, Quebec, and having a minimum purity of 4N (99.99%), began shipping this week to several customers in Europe, Asia and North America. Orbite has already received...
Chalco's second-half loss widens on higher cost of alumina
Aluminum Corp. of China Ltd., the nation’s biggest producer, reported a wider second-half loss because of falling prices and higher costs for alumina, which is used to produce the lightweight metal. The net loss was 4.98 billion yuan ($801 million) in the six months ended Dec. 31, from a loss of...
Shandong Nanshan Aluminum’s alumina business down nearly 9% YoY"
According to Shandong Nanshan Aluminum’s 2012 annual report, the company reported RMB 14.87 billion in operating revenues in 2012, up 11.57% YoY. However, its profits declined 28.72% YoY to RMB 985 million and net profits attributable to its parent company also dropped 32.39% YoY to RMB 691...
Chalco Mining obtains exploration rights for 23.58 million mt of bauxite
The Ministry of Land and Resources announced on March 18 that Chalco Mining has obtained exploration rights for Yushan bauxite in Henan’s Xin’an County at a cost of RMB 924,900. The Henan Institute of Geological Survey announced discovery of 23.58 million mt of proven bauxite in Yushan, Xin’an...
Henan announced the discovery of 166.54 million mt of bauxite
The Department of Land and Resources of Henan Province announced on March 18 the discovery of 166.54 million mt of bauxite in west Caoyao of Mianchi County, Sanmenxi City as of late February, 2013, its biggest discovery in its exploration history. The Ministry of Land and Resources announced in...
Iran produces over 207,000 tons of alumina powder in 11 months
The Iranian smelters produced 207,089 tons of alumina powder in the last 11 months of the current Iranian year (March 20, 2012 - February 19, 2013) Iran also produced over 308,000 tons of aluminum ingots in the same period. The volume of aluminum ingot production at the country's three smelters --...
