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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Nalco aims 30000-60000 tonne additional alumina sale in Q3
During the second quarter FY12, Nalco 's net sales were up 8.9% at Rs 1583.7 crore versus Rs 1454.7 crore (YoY) and profit after tax (PAT) was down 38% at Rs 139.3 crore versus Rs 224.04 crore (YoY). The second quarter results were well below the street?s estimates in terms of earnings. A huge fuel...
Alumina Output Emerged Negative Growth in Oct.
(Chian Aluminum Network) On Wednesday NBS published output about basic metals, alumina output decreased 5.4% yoy and it is the fisrt time emerged negative growth in this year, but output of refined tin and nickel increased largely. In October, produced refined copper 469 thousand tons rose 16.4%...
Montreal firms to do feasibility study for Gaspé alumina processing plant
Orbite Aluminae Inc., developer of the Grande Vallée aluminous clay mining project in Quebec's Gaspé region, has awarded the full feasibility study for the companion alumina processing plant to a consortium of Montreal engineers Genivar Inc. and Johnston-Vermette after an international competitive...
China’s Minmetals Resources Scrambles To Extend Life of Mines, Eyes Mirabela Nickel, Alumina
Scrambling to extend the life of its mines, four of which are set to conclude by 2020, China's Minmetals Resources Ltd. is on the prowl to acquire Australia-based miners Mirabela Nickel Ltd. and Alumina Ltd., with a $7 billion to boot to capture the two companies' nickel, bauxite and alumina...
Orbite Aluminae awards feasibility study
Montreal-based Orbite Aluminae Inc., developer of the Grande Vallée aluminous clay mining project in Quebec’s Gaspé region, has awarded the full feasibility study for the companion alumina processing plant to a consortium of Montreal engineers Genivar Inc. and Johnston-Vermette after an...
Orbite ramps up alumina production in Canada
Exploration Orbite announced that the production mode of alumina has shifted from a batch process a to semi-continuous process. This acceleration in production will allow the company to meet industry and partner demand as well as prepare for the transition of the plant towards a commercial...
Orbite Awards Contract for Feasibility Study of its Metallurgical Grade Alumina Plant
Orbite Aluminae Inc. CA:ORT -3.11% ("Orbite") announces that it has awarded the contract for the bankable Feasibility Study on its planned metallurgical grade alumina (SGA) plant to top ranking engineering firms GENIVAR Inc. ("GENIVAR") and Johnston-Vermette. The contract is being awarded following...
Guinea alumina output up 25.5 pct yr-on-yr to Aug
Guinea's alumina production rose 25.5 percent year-on-year in the first eight months of 2011 while output of bauxite was up 3.5 percent over the same period, according to a government report seen by Reuters. The report said RUSAL's Friguia refinery, the country's sole plant, produced 443,000 tonnes...
Australia to Spend A$80 Billion a Year on Resources
Investment in Australia’s resources sector will surpass A$80 billion ($82 billion) annually by 2015, boosted by development projects in Alumina and other mineral resources, said research group BIS Shrapnel Pty. Australia is the world’s major exporter of alumina, a raw material to make aluminum...
Alumina Makes a Move: Down 5.7%
One of today's notable stocks in decline is Alumina (NYSE:AWC), down 5.7% to $6.26. The Dow is down 1.2% to 12,090 and the S&P is currently down 1.3% to 1,269. Potential upside of 43.8% exists for Alumina, based on a current level of $6.26 and analysts' average consensus price target of $9.00. The...
Ormet's Tanchuk says Burnside alumina refinery to resume output 'within weeks'
Ormet Corp.'s long-idled alumina refinery in Burnside, Louisiana, will resume production "within the next few weeks," Michael Tanchuk, the Ohio-based aluminum producer's CEO, said Wednesday. The company had said the refinery was expected to start producing alumina before the end of October. While...
Improved production performance, higher raw material costs
Hydro had underlying earnings before financial items and tax (EBIT) of NOK 1,646 million in the third quarter, down from NOK 1,906 million in the second quarter.The quarter was marked by higher production performance in Bauxite & Alumina,while seasonal declines and higher raw material costs had a...
China To Import 6 Mln-10 Mln Tons Alumina A Year By 2021 -Norsk Hydro Executive
China will import 6 million-10 million metric tons of alumina a year by 2021 as its demand for aluminum raw material increases in line with sustained growth in the country, a senior executive at Norsk Hydro told Dow Jones Newswires Wednesday. China will import just less than 2 million tons of...
Aughinish Alumina owner in talks over boosting Shannon site
The Russian owner of Aughinish Alumina is in talks with the Government about boosting production at the Shannon Estuary plant which is the Republic’s biggest manufacturing site. Rusal, the Russian group controlled by oligarch Mr Oleg Deripaska which owns the facility wants to grow production at the...
Orbite Brilliantly Completes its 2011 Drilling Program,Towards Commercialization
Orbite brilliantly completes its 2011 Drilling Program,signalling another Step Towards commercialization of its products. Orbite Aluminae Inc. is pleased to announce the very successful completion of its 2011 drilling campaign on its aluminous clay deposit located 23 kilometres south of...
Update-Rio Tinto targets longer alumina position with asset sales
If and when Rio Tinto manages to sell all of the 13 assets it put up for sale on October 17, it will have divested itself of around 2 million tpy of primary aluminium production capacity,and given itself a substantially longer position in alumina than in aluminium. “Being long in bauxite and...
Kaolin opens up alumina opportunities
A Perth-based exploration company says Australian scientists have verified the value of its resources in Western Australia's wheatbelt. Australian Minerals and Mining Group owns tenements of kaolin rock near Meckering and Hyden. Kaolin is traditionally used to manufacture paper and clay but Chinese...
$1.2bn refinery secured until 2030
THE future of the $1.2 billion (€873m) alumina refinery at Aughinish Alumina has been secured until 2030 at least, with the company commissioning a 195-acre development that has the capacity to hold over 17 million tonnes of bauxite residue or "red mud". The owners of Europe’s largest alumina...
