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’s alumina and aluminium productions record a hike in July: SMM updates
Shanghai Metals Market has recently unveiled a roundup of the total production of base metals including alumina and aluminium in China for the month of July, after surveying major producers in the market to obtain first-hand information for calculation. China’s total output of alumina in July...
China’s domestic production of alumina and aluminium to reduce 30% during winter heating season 2018-19
According to the report from China’s Environment Ministry in late March, the country had decided to strengthen its fight against persistent smog and pollution by further empowering and restructuring its environment ministry and drawing up a new three-year action plan which promises tougher targets...
Vedanta's aluminium business reports higher revenue and EBITDA in Q1 on higher volumes and LME prices
Vedanta Resources releases Production and Financial Results for the First Quarter ended 30 June 2018. The company reports record quarterly aluminium production at 482,000 tonnes, up 37% YoY and commencement of Odisha bauxite delivery to its refinery. The Lanjigarh refinery produced 325,000 tonnes...
RUSAL's alumina sales revenue surges in H1 2018 on higher alumina prices despite lower volume
UC RUSAL, a leading global aluminium producer, announced its results for the three and six months ended 30 June 2018. Rusal alumina production for the quarter and the first half of the year was stable. Alumina production for Q2 2018 stood at 1,924 million tonnes, almost flat YoY. The six months...
Liaoning's plan to house alumina refinery worth of $3.4 billion got scrapped
After almost 88 years, Liaoning province in China was about to home an alumina refinery, but unfortunately, the project plan got cancelled by the city of Chaoyang after public consultation. The refinery was proposed to process bauxite ore into 10 million tonnes of alumina every year and supersede...
Rio Tinto’s aluminium business records 15% higher gross sales revenue in H1 2018
Rio Tinto has announced yet another strong set of results in H1 2018 with an underlying EBITDA of US$9.2 billion and operating cash flow of US$5.2 billion for the entire group of companies, followed by declaring its superior returns of US$7.2 billion to shareholders comprising of US$3.2 billion...
China’s alumina export in June beats 16-year record, up 24% than previous month
According to China customs data, alumina export from China stood at 118,000 tonnes in June, up 24 per cent from May’s export of 89,999 tonnes. This marks the highest level since the year 2002. The exports during May and June, at 208,000 tonnes were in line with SMM’s expectation. Moreover, with the...
Production cut in Alunorte and Paragominas brought Hydro's Q2 EBIT for Bauxite & Alumina down 51% QoQ
Hydro released it Q2 2018 results reporting an underlying EBIT of NOK 2713 million, down 7% from the same period in 2017 and 14% QoQ. 50% production at Alunorte, Paragominas and Albras and higher costs affected the total results considerably. Underlying EBIT for Bauxite & Alumina decreased...
GIBADA in Ghana is ready to add value to country’s mineral resources: says Bawumia
Ghana Vice President Dr. Mahamadu Bawumia has declared that the establishment of Ghana Integrated Bauxite and Aluminium Development Authority is about to complete and almost ready to add value to country’s mineral resources. He explicitly said, "We are almost at the end of establishing a government...
China’s sweeping growth in alumina export in Q2 CY2018 expected to continue in Q3
According to the international export-import statistics, the estimated alumina export from China in 2018 is 177,996 tonnes, while the expected revenue to be at US$ 324 million. In the first quarter of 2018, the total alumina export from China was 59,548 tonnes and the revenue earned was US$63...
Chalco, Luoyang Heungkong Wanji Aluminium Co cut alumina production on lower alumina prices
Chinese alumina producers Aluminium Corporation of China and Luoyang Heungkong Wanji Aluminium Co Ltd have announced major alumina production cuts in the provinces of Shanxi and Henan respectively. Shanxi province is China’s second biggest alumina producing province. Reuters reported that Luoyang...
Alumina output to lower in China on environmental initiative and production lines maintenance
According to the latest update by Shanghai Metals Market, alumina production in Lvliang of Shanxi province is likely to be affected as the area was highlighted in China’s three-year initiative to “make skies blue again”. This initiative was released by the State Council on June 3, 2018, with an aim...
Utkal alumina expansion worth of INR 1300 crore to be completed in next 30 months
Utkal Alumina International, a fully-owned subsidiary of Hindalco, declared on July 4, that it would most likely finish its 500-kilotonne expansion over the next 30 months. This project involves a capital outlay of INR 1300 crore. Hindalco managing director Satish Pai told, “Our Utkal plant remains...
ExpoAlumínio to bring together the South American aluminium value chain in Brazil
Brazil, the world’s third-largest producer of bauxite and alumina will host 2018 ExpoAlumínio International Aluminum Exhibition on September 3 to 5 to present the full potential of sector companies and buyers in Brazil and in all of Latin America. The event will provide a platform for the...
Nhan Co Alumina plant achieves 56% of annual production target and earns US$41 million revenue in H1 2018
According to a report from the Dak Nong Aluminum Company of Vietnam, its Nhan Co Alumina plant in the Central Highland province of Dak Nong earned more than 3.2 trillion VND (US$141 million) in revenue in the first half of 2018. The company belongs to the Vietnam National Coal and Mineral...
UC Rusal resumes operations at its Friguia alumina refinery
Russian aluminium giant UC Rusal-operated Friguia alumina refinery in Guinea has restarted its operations on Wednesday, June 20, 2018. The news came to focus when the West African country’s mines minister reported to Reuters yesterday, on June 21, 2018. According to the update in May 2017, the...
Nalco CMD expects lower costs of production and higher alumina price to drive profits in FY19
In an interview to Economic Times, TK Chand, CMD, Nalco, says he expects the shortage in aluminium market to continue and the alumina and aluminium prices to remain bullish. According to him, in Q1 FY19, the company’s profit and EBITDA trend will continue to remain higher due to higher average...
Altech receives approval from Malaysian Government for its alumina plant in Johor
The Malaysian Government finally gives a nod to Altech Chemicals for initiating a high purity alumina plant in Johor, with production capacity 4,500 tonnes per annum. Johor is located at the southern tip of mainland Malaysia. This news arrived following the last week’s news of Altech which said the...
