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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Orbite picks Eco-friendly Hydrothermal Process for its Green Smelter Grade Alumina Plant
Orbite Aluminae Inc. ("Orbite" or the "Company") (TSX:ORT) confirms its choice for hydrochloric acid ("HCl") recovery technology for its smelter grade alumina ("SGA") plant operations based on data from SMS Siemag and ThyssenKrupp supporting the hydrothermal process efficiency and recovery rates....
Alcoa's surprise profit is good news for Alumina holders
BELIEVE it or not, there's a silver (actually, aluminium) lining to Wall Street's 1.5 per cent nervy turn overnight and it comes from this year's second worst-performing main metal (behind only nickel). Kicking off the US quarterly earnings season, Pittsburgh plodder Alcoa reported earnings of...
Vedanta Resources announces aluminum production for Q4 2012
Vedanta Resources announced that aluminum production for Q4 2012 was 4% higher at 177,000 tonnes in Q4 and 5% higher at 675,000 tonnes for the full year respectively as compared with the corresponding prior periods. The 500 kilo tonne per annum Jharsuguda I smelter produced 115,000 tonnes in Q4 up...
Alcoa will reduce annual Alumina production capacity in atlantic region
Alumina Ltd : * Going forward, Alcoa world Alumina & chemicals will reduce annual Alumina production capacity in atlantic region by around 4% * Awac's production of Alumina for the first quarter was 4 million tonnes * Awac's results for Q1 continued to be impacted by lower aluminium and Alumina...
Alcoa Continues to Look for More Capacity Cuts-CEO
Alcoa Inc. continues to look for high-cost smelting and refining capacity for potential capacity cuts, a goal that chief executive Klaus Kleinfeld called a "strong commitment." Speaking to analysts on Tuesday's conference call after the aluminum giant released its first-quarter results, Chairman...
Orbite blasts research report criticizing company’s alumina production process
Orbite Aluminae Inc., the Quebec junior miner that struck a preliminary collaboration deal with Russian aluminum giant United Co. Rusal, says a research report casting doubt on the economics of its alumina-making processes is error-riddled and that the analyst who wrote it is “mixed up.” “This...
Alcoa cuts alumina output as oversupply dents prices
Alcoa Inc (AA.N), the U.S. aluminum giant, plans to cut alumina production in the Atlantic region by 4 percent, becoming the first producer to take measures aimed at reducing oversupply that has lowered prices to around $300 per tonne. The move follows a slump in prices of alumina, an intermediate...
Rusal loses aluminum plant in Ukraine
The government of Ukraine has seized the only alumina plant in the country from nominal owner Rusal the world's biggest aluminum producer but while Rusal is fighting to regain control of the smelter, the only impact this could have on the company's rivals is negative. The Zaporozhye Alumina and...
UPDATE 1-Workers strike at RUSAL alumina refinery in Guinea
Employees at UC RUSAL's Friguia alumina refinery in Guinea have gone on strike, paralysing operations there, a union member and two other employees told Reuters, but the company said production losses would be "insignificant". Kabinet Barry, a spokesman for the worker's union, said their demands...
Nalco achieves record production
The National Aluminium Company Ltd. (Nalco) achieved the highest-ever bauxite production of 50.03 lakh tonnes in 2011-12, against the previous best of 48.79 lakh tonnes in 2009-10. The alumina refinery of the company produced 16.87 lakh tonnes of alumina hydrate. However, during the year, the metal...
China alumina prices rise and imports seen up - Trade
Reuters reported that China's spot alumina prices rose 2% in March due to expectations that domestic production will fall in the H2 of the year prompting aluminium smelters to look for imports. Traders and sources at smelters said that China is the world's top producer of aluminium and alumina....
NALCO reports record bauxite and alumina production in FY12
State-run National Aluminium Company Ltd. (NALCO) has reported highest ever bauxite and alumina production for the year 2011-12. The company has achieved the highest-ever bauxite production of 50.03 lakh tonnes, against the previous best of 48.79 lakh tonnes achieved in 2009-10, company sources...
Rusal loses aluminum plant but competitors should not rejoice
The government of Ukraine has seized the only alumina plant in the country from nominal owner Rusal -- the world's biggest aluminum producer -- but while Rusal is fighting to regain control of the smelter, the only impact this could have on the company's rivals is negative. The Zaporozhye Alumina...
Global Alumina Releases Year-End 2011 Results
Global Alumina Corporation CA:GLA.U +7.89% (the "Company" or "Global Alumina"), a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the "Project"), announced its financial and...
Vietnam’s first alumina plant may not deliver on initial economic promise, official admits
Vietnam’s state coal and mineral group Vinacomin has admitted that it has not conducted a reassessment of economic benefits for the country’s first alumina plant, which is scheduled for a test run this June. The Tan Rai plant is designed to have an annual production capacity of 600,000 tons of...
Test-run of Vietnam's first alumina plant in June: official
Vietnam will operate the country’s first alumina plant on a trial basis this June, instead of April as initially planned, a senior plant official said. Tran Duong Le, deputy director of the Lam Dong bauxite-aluminum complex’s management, said the Tan Rai alumina plant in the Central Highlands...
UC RUSAL and Orbite Aluminae Sign Memorandum of Understanding
Orbite Aluminae Inc. ("Orbite" or the "Company") CA:ORT -3.46% announced today having entered into a Memorandum of Understanding ("MOU") with the world's largest aluminium producer UC RUSAL ("RUSAL") HK:486 -0.18% FR:RUSAL -2.09% FR:RUAL 0.00% (mcx:RUALR) pursuant to which the parties are going to...
Alumina's credit rating under scrutiny
S&P has placed Alumina's BBB credit rating on a negative watch, after the average aluminium price dropped by almost 20 per cent in the first three months of 2012. "The credit watch placement reflects our concerns that current challenging trading conditions could weaken Alumina's financial metrics...
