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 sees a 6.7% rise in alumina production for November: SMM
According to Shanghai Metals Market, China’s total alumina production in November came in at 6.08 million tonnes, with average daily output at 203,000 tonnes. This marked a growth by 6.7 per cent from a year ago and 4.1 per cent from a month earlier. The entire production from January to November,...
Biggest alumina refinery operator in Greece Mytilineos anticipates 2019 sales to top 2.2 billion euros
Greek-based industrial conglomerate Mytilineos chairman said on Thursday, November 29 that the company anticipated its sales to top 2.2 billion euros in 2019 from 1.5 billion euros this year. Special mention he made about Mytilineos’ growing alumina business and new projects in Libya and Ghana...
NALCO’s alumina refinery bags CII-Exim Bank Business Excellence Award
Alumina refinery of Navratna NALCO, located at Damanjodi in Koraput District of Odisha has received the CII-Exim Bank Business Excellence Award for the year 2018 in the Gold Plus category. The Award is based on the internationally recognized EFQM Excellence Model and is considered to be one of the...
China Hongqiao Group asked to close up to 550,000 tonnes of aluminium production for winter: Source says
Going by Chinese consultancies AZ China and CRU’s calculations based on a local government document Reuters reports that China Hongqiao Group has been asked to close up to 550,000 tonnes of annual aluminium smelting capacity this winter. That is about equal to 1-1/2 days of aluminium consumption in...
Trimet cuts its P1020 aluminium ingot production on tight global alumina supply
German aluminium producer Trimet has reportedly reduced the production of its P1020 ingot in response to tight global alumina supply. The firm had started a gradual reduction in its output from autumn, but exactly when the ingot production started being affected is unknown. The company’s board...
China‘s alumina exports exceed 460,000 tonnes in October: Source says
According to the data released by the General Administration of Customs on Friday, November 23, China’s October alumina exports exceeded 460,000 tonnes and reached the highest since at least October 2014. The reason because Chinese producers of the aluminium raw material continued to cash in as...
Chalco intends to buy back 50% stake in Shanxi Huaxing Aluminum
Aluminum Corporation of China Limited (Chalco), the Shanghai-listed arm of China Aluminum Group, has announced on November 21 that it would join the bidding to buy 50% stake in Shanxi Huaxing Aluminum Co. The company intends to buy back the shares from the state-owned Baotou Transportation...
China’s Xinfa exempted from winter aluminium production cuts
Xinfa Group, one of China’s top smelters, has been included on a list of exemptions for the winter heating season published by the Liaocheng Economic and Information Technology Committee and reviewed by Reuters. Subsidiaries of Xinfa, which has around 1.4 million tonnes of smelting capacity in...
NBS reports 2.7% MoM drop in China's alumina output in October; YTD output still up 3.9%
According to the latest data released by China’s National Bureau of Statistics, China’s production of alumina in October dropped by 2.7% month on month to 5.65 million tonnes. The total alumina output in the first ten months of 2018 now stands at 56.58 million tonnes. However, YTD alumina output...
Vedanta reports 4% rise in revenue to US$7.1 billion in H1 FY2019
Vedanta Resources Limited on Monday, November 12, announced interim results for the six months ended 30 September 2018.Vedanta reported revenue of US$7.1 billion in H1 FY2019, up 4% from US$6.8 billion in H1 FY2018. The increase in revenue was attributable to higher volumes at aluminium,...
IMF advises Jamaica to seek durable solution for Windalco and CAP under growing fiscal risks
The International Monetary Fund (IMF) is indicating emerging fiscal risks for Jamaica, especially in the bauxite and energy sectors. The organization suggests careful handling of the risks as they might affect the undergoing economic programme in the country. IMF’s latest review of Jamaica's...
Vedanta on right track to ramp up capacity at Lanjigarh alumina refinery
Vedanta Ltd’s proposal for expansion of Lanjigarh alumina refinery was recently cleared by the High-Level Clearance Authority (HLCA), the apex body to approve investments in Odisha. The company plans to expand the capacity to six million tonnes per annum from its current 1 million tonnes. “Our...
JISCO gets a pass on bauxite levy, but not income tax
The Ministry of Finance and the Public Service has now advised Auditor General Pamela Munroe Ellis that Chinese outfit Jinquan Iron and Steel Company, which operates the Alpart plant in St Elizabeth, has been granted a waiver of the bauxite production levy for five years. Munroe Ellis had raised...
China’s October alumina production grows as new capacity generates more output
According to the latest update from Shanghai Metals Market, alumina production in China increased 0.3 per cent year on year to 6.039 million tonnes in October 2018. The average daily production stood at 195,000 tonnes, down 1.7 per cent from September. China produced 58.144 million tonnes of...
China's booming alumina exports held steady in October - Chalco president
China’s exports of alumina last month were roughly equal to September’s bumper volumes, the president of Aluminum Corp of China Ltd , said on Wednesday. “I estimate that October was more or less the same as September,” Lu Dongliang told Reuters on the sidelines of a signing ceremony at the China...
India’s alumina import to grow 37.5% in 2018 while it surged 39% in Q1
According to the report by CARE, India ranks fourth in terms of production of alumina and produces about 5 per cent of the world alumina. The report shows there had been an 8.4 per cent year-over-year increase in alumina production from FY 2015-16 to FY 2016-17. Some of it is consumed internally...
Rusal’s nine months 2018 alumina production remains flat, But bauxite production up 16%
Leading global aluminium producer Rusal announced results for the three and nine months ended 30 September 2018. Rusal produced 5.816 million tonnes of alumina in the first nine months of 2018, almost flat YoY. Alumina production stood at 2 million tonnes in Q3 2018, as compared to 1.96 million...
Altech Chemicals reports steady development in HPA site in its September quarterly report
Altech Chemicals published Quarterly Report for September 2018. The company organized the official ground breaking ceremony for Altech’s held at Johor HPA site during this quarter. The Australian High Commissioner and German Ambassador to Malaysia unveiled official opening plaque. The ceremony was...
