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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UPDATE 2-HIG to Buy Rio Tinto's French Alumina Plants
Rio Tinto has received a binding offer from private equity group HIG for three French alumina plants that are part of an estimated $8 billion of aluminum assets put up for sale last year by the global miner to try to boost margins. Rio Tinto said on Wednesday it had agreed a period of exclusivity...
S&P places Alumina Ltd. 'BBB' rating on watch negative
Current trading conditions in the aluminum industry are challenging, driven by soft aluminum prices, the strong Australian dollar, and increasing input costs. If these conditions persist, we expect Alumina Ltd.'s credit metrics to weaken to levels below our expectation for the 'BBB' rating. We...
Jamaica government seeking to divert shares in alumina company
The Jamaica government says it is still interested in divesting its shares in Clarendon Alumina Partners (CAP). Science, Technology, Energy and Mining Minister Phillip Paulwell said all options will be considered for the sale of the government’s 45 per cent stake in Jamalco, which it owns through...
Alcoa and Alumina look to negotiate slowdown in China
Aluminum stocks have been beaten down in recent weeks as signs of slower growth in China and Europe raised questions about the global economy and demand for their products. Over the last month, the Global X Aluminum ETF has fallen roughly 7.36%. Five Star Equities examines the outlook for companies...
RusAl increases investment in Bogoslov Aluminum Smelter by 67% to 400 mln rubles in 2011
UC RusAl increased total investment in the modernization and technical reequipping of the Bogoslov Aluminum Smelter (BAZ, Sverdlov Region) by 67% to 400 million rubles in 2011, the company said in a statement. The statement said that the funds went to developing alumina and electrolytic production....
GIA comprehensive global report on Bauxite and Alumina markets
GIA announces the release of a comprehensive global report on Bauxite and Alumina markets. The global market for Bauxite and Alumina is forecast to reach 211.3 and 76.2 million metric tons, respectively, by the year 2017. With global economy on the growth path post recession, both production and...
Vietnam may sell alumina from Q2 - Vinacomin chairman
Vietnam's state coal and mineral group Vinacomin may start selling alumina product next month during its test-run of the country's first alumina plant, a senior executive said on Thursday. "We will strive to keep the test-run period as short as possible and bring the plant to full capacity,"...
Alumina Seen Declining 12% in 2012 as Aluminum Demand Declines
Alumina may average $339 a metric ton this year, 12 percent less than in 2011, as world aluminum production slows, according to Australia’s Bureau of Resources and Energy Economics. Output in Australia may climb 12 percent 22.9 million tons in the year to June 30, 2013, as Rio Tinto Group’s...
China Alumina Output at 38.31 Million Mt in 2011
Aluminum Corp. of China Ltd. (CHALCO) released 2011 earnings report on March 17. According to the report, China’s alumina output was about 38.81 million mt in 2011, up 24.4% YoY, while aluminum demand was about 39.04 million mt, up 10.5% YoY. China’s alumina imports were 1.88 million mt in 2011,...
Nalco turnover targeted at Rs 7,073 cr in 2012-13
National Aluminium Company Limited (Nalco) has signed a Memorandum of Understanding (MoU) with the Union ministry of mines on the aluminium major's physical and financial targets for 2012-13. As per the MoU, the company's turnover target has been fixed at Rs 7073 crore, which is Rs 500 crore higher...
Vietnam to test-run first alumina plant in early Q2-report
Vietnam will test-run the country's first alumina plant early in the second quarter starting in April, before moving to full production, a state-run newspaper said on Friday, indicating a slight delay in the project. Up to 99 percent of work has now been completed at the Tan Rai plant owned by the...
Orbite Aluminae Announces Three Major Achievements
Orbite Aluminae Inc. CA:ORT -3.46% (the "Company") is pleased to announce that it has reached three important milestones in its development. It has recently opened a new laboratory facility in Laval, Quebec, which will serve as the Company's principal laboratory. It is also proud to have secured...
China Alumina Capacity Will Hit 54,490 Thousand Tons 2012
Owing to decelerated global economic growth expected that ocean freight was unlikely to rise, while most of alumina importers in China had signed long-term cooperative agreements with mines, so prices were kept stable. But when faced with tight bauxite resource, FOB price of imported bauxite may...
Orbite Launches Conversion of its Cap-Chat Pilot Plant to a High-Purity Alumina Production Facility
Orbite Aluminae Inc. /quotes/zigman/6963218 CA:ORT -3.46% ("Orbite" or the "Company") has announced the successful conclusion of its Cap-Chat pilot phase and has thus ended pilot operations in order to launch the plant's conversion to commercial-scale production of high-purity alumina (HPA). The...
Chinalco Shanxi Branch and Central South University Proceed Alumina Technical Exchange
Peng Zhihong and Liu Guihua who is the famous scholars in alumina industry and professors of Alkaline Process Metallurgy Research Institute of Central South University came to Chinalco Shanxi Branch held technical exchange. Technicists of company technical center, the first and second alumina...
Vietnam To Auction First Alumina Output - Report
Vietnam will auction its first alumina output from a plant that is scheduled to start commercial production from the second quarter, local media said Saturday, citing a government official. Many buyers from Japan, China and the Middle East are interested in buying alumina from the Tan Rai plant,...
Alcoa in talks with Indian companies to sell surplus alumina
US-based Alcoa has opened talks with some Indian companies to sell surplus alumina, signalling the intention of the world's third largest aluminium producer to increase presence in India. With an output of 16 million tonnes a year, Alcoa is the world's largest alumina producer. The company entered...
India's NALCO issues 30,000 T alumina export tender
Indian state-run National Aluminium Co Ltd has issued a tender for export of 30,000 tonnes of alumina for delivery next month on free-on-board (FOB) basis, a senior company official said on Tuesday. The last date for submission of bids is March 5, said Ansuman Das, director, commercial. NALCO,...
