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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Commercial test of using the gangue for extracting alumina came out successful in China
A few days ago,the commercial test of using the gangue for extracting alumina came off all right in the comprehensive utilization model park of gangue in Liulin country. The comprehensive utilization of gangue is a major transition project of Liulin Country,researched and developed by the...
Odisha government to discuss alumina refinery issue with VAL tomorrow
Odisha government has called Vedanta Aluminium for a meeting tomorrow on supply of bauxite to the company's closed alumina refinery in the state amidst several representations by local people to reopen the plant. The meeting has been called by a high-level ministerial committee, which was set up...
Alumina shares soar on China investment
Shares in Alumina have hit their highest level in nearly 12 months after a large Chinese investor took a $452 million stake in the under pressure aluminium producer. CITIC will buy more than 366 million new Alumina shares, which will equate to just over 13 per cent of Alumina's total share base,...
Norsk Hydro Sees Opportunities In Brazil Bauxite Exports
Norwegian aluminum producer Norsk Hydro sees "interesting" opportunities in China's growing import markets for bauxite and alumina, while global markets for aluminum metal remain oversupplied, Chief Executive Svein Richard Brandtzaeg said Tuesday. "China's still short on bauxite production," Mr....
Wagerup refinery has produced 50 million tonnes of alumina so far
Wagerup refinery brought some extra shine to Alcoa on Australia’s 50th anniversary celebrations last week. The refinery has produced 50 million tonnes of alumina since it opened along with the Willowdale bauxite mine on April 11, 1984. This is equivalent to the alumi-nium components in more than...
Fourth quarter aluminium performance down at Eurasian Natural Resource
FTSE 100-listed metal mining company Eurasian Natural Resources has acknowledged that its aluminium division operated below capacity in the fourth quarter of the year, whilst production of saleable copper declined against the corresponding period in the previous year. In the three months ended...
NALCO gets a neutral rating
Motilal Oswal has maintained neutral rating on NALCO with a target of Rs 42, in its January 31, 2013 research report. “Nalco reported EBITDA of INR1.8b, above our estimate of INR980m, as the impact of mine closure on alumina production was lower-than-expected. Adjusted PAT increased to 132% YoY to...
Chalco's Alumina Production hit by Bauxite Export Ban from Indonesia
Aluminum Corporation of China Ltd (Chalco) confirms lower alumina production by 1.7 million tons following Indonesian bauxite export ban. “As the downturn of the aluminum market continued, the prices of aluminum decreased by 7% as compared with the corresponding period of the preceeding uear. The...
Orbite Aluminae and Veolia Environmental Services tie up to recycle Red Mud
Orbite Aluminae Inc. ("Orbite") and Veolia Environmental Services ("Veolia") signed an exclusive worldwide collaborative agreement for the treatment and recycling of red mud generated by industrial alumina production using the Bayer process. The terms of the partnership include the construction of...
Chalco about to report a ‘dramatic’ 2012 year-end loss
The Aluminium Corporation of China (aka Chalco) is preparing the industry for very bad news in the shape of a 'dramatic' loss for 2012. The Chinese aluminium giant is not having a good time of it, thanks largely to depressed aluminium prices, quality issues surrounding domestic bauxite and lower...
Chalco predicts 2012 loss, turns to coal
The Aluminum Corporation of China (Chalco) Wednesday predicted huge losses for 2012 due to the sluggish domestic aluminum market, but projected that its coal projects in China and abroad will bring profits in 2013. In 2012, the price of aluminum dropped by some 7 percent year-on-year. Chalco also...
Fitch revises Clarendon Alumina Production outlook to negative
Fitch Ratings has affirmed Clarendon Alumina Production Limited's (CAP) foreign and local currency Issuer Default Ratings (IDRs) at 'B-'. Fitch has also affirmed CAP's USD200 million 8.5% unsecured notes due November 2021 at 'B-/RR4'. The notes continue to be supported by an explicit unconditional...
Rio Tinto says Cyclone Oswald hit alumina output
Rio Tinto said on Wednesday that it was producing alumina in Australia's Queensland state at lower rates following heavy rains and flooding caused by ex-tropical cyclone Oswald. Rio said production was temporarily suspended at its Yarwun alumina refinery due to record rainfall around the Gladstone...
Australian alumina steady despite news of production cuts in Queensland
Platts Australian alumina assessment at $338/mt FOB was unchanged from Friday despite news of production cuts in Queensland, Australia due to storms and flooding. Reports of the run cuts came during the Asian business day, but market participants mostly said they planned to wait and see what impact...
Alumina spot market frozen until Q2 on strong quarterly contract sales
Alumina traders are struggling to find any available cargoes in the first quarter of 2013, as many producers sold forward much of their first-quarter material and will not be responding to enquiries until late March, when they will have material available for the second quarter. Metal Bulletin’s...
Nalco can gain Rs 250 cr on alumina sale to Vedanta
National Aluminium Company ( Nalco), which has an exportable alumina surplus of nearly one million tonne per annum, stands to gain Rs 250 crore if it agrees to sell the intermediate product to its competitor - Vedanta Aluminium Ltd (VAL). The business deal, though apparently lucrative, is not...
Aluminium consumption set to rise through to 2020
Consumption of aluminium is set to rise between now and 2020, according to a recent market report. According to Roskill Information Services, global production of aluminium has grown by an average of 6.6% between 2002 and 2011 and by 18.4% in China. Consumption growth over the same period was 5.9%....
Hudson Reports 94% Aluminum Extraction from Initial Leaching Testwork
Hudson Resources announced its update on the metallurgical testwork program for aluminum leaching extraction from its White Mountain anorthosite (calcium feldspar) project in Greenland. The testwork is being undertaken at SGS Canada Inc.'s Lakefield facility under the direction of Hudson's...
