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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Alumina Limited to expand bauxite production on anticipating bauxite shortage in China
On anticipating the shortage of bauxite availability in China within the next three years, Alumina Limited would consider acquiring new bauxite assets. It would even consider ramping up the production capacities of its existing mines. Alumina and its joint venture partner Alcoa have exposure to...
Ivorian Miner is in talks with Sumitomo for bauxite deposit venture worth $375 million
Lagune Exploitation Afrique in Ivory Coast reported that it is in talks with a unit of Sumitomo Corp. to build a partnership and develop a bauxite deposit and two alumina plants for 218 billion CFA francs (US$375 million). More details are not available yet other than the fact that Lagune is...
China's domestic alumina price estimated to register sharp fall in late June on low stockpiling
Shanghai Metal Market anticipated yesterday on May 28, 2018, that domestic alumina prices in China are going to witness a limited decline on the face of continual low stockpiling that allows sellers to hold their offers firm. Since the beginning of May, China’s domestic alumina prices have fallen...
Nalco to implement waste-to-wealth model using Chinese tech to ramp up profitability
National Aluminium Company Limited (Nalco), a Navratna CPSE under Ministry of Mines, is looking out to tap the waste-to-wealth model using Chinese tech for processing mineral wastes and commercialising them, which in turn would help the company boost its bottom line. The company believes that by...
Average alumina spot price witnesses a significant plunge across various major Chinese markets
After showing restraint over a long period of time from 3rd of May to 18th of May, 2018, alumina spot market price declined two days in a row. According to Shanghai Metal Market, average alumina spot price, which was hovering at RMB 3118 per tonne until May 18 , 2018 plunged to RMB 3094 per tonne...
Chalco targets 30,000-50,000 tonnes of alumina exports in May: Source says
Aluminium Corporation of China Limited (Chalco) targets to export 30,000-50,000 tonnes of alumina in May, company’s president reported to Reuters on Thursday, May 17, 2018. Lu Dongliang, the vice president of Chalco also confirmed the news while speaking on the sidelines of the LME Asia Week...
Nalco works towards achieving revenue of INR 93.5 billion from operations in FY19
National Aluminium Company (Nalco), a navratna firm under Union Mines of Ministry, sets a goal to achieve revenue of INR 93.5 billion from operations in FY19, 15 per cent higher than the previous financial year. The company’s chairman and managing director Tapan K Chand has signed off on a...
Rusal’s Q1 2018 revenue increases 20% YoY driven by higher LME aluminium prices
Leading global aluminium producer UC RUSAL announced results for the three months ended 31 March 2018. The company’s recurring net profit increased 22.4% to $531 million in Q1 2018, from $434 in the same period last year. Revenue in the first quarter of 2018 was $2,744 million as compared to $2,297...
China's alumina export to see limited downward room as profits remain intact for the suppliers
We have recently covered a story on how Sanction against Rusal drove a quick surge in alumina export from China. China exported more than 300,000 tonnes of alumina as of May 4, since the profit window opened in April following the US sanctions against Rusal, SMM learned. The export started in...
Mytilineos anticipates positive prospect for its alumina business in Greece
The Greek Industrial Group reported on Thursday, May 3, 2018 that Mytilineos, a Greek-based industrial conglomerate whose companies are active in the sectors of metallurgy, energy, and EPC, is expecting a positive prospect for its alumina business in Greece despite surging alumina prices last month...
Italy’s imports of alumina to rise 23% in H1 2018; France tops the exporter list
Italy imported US$452.2 billion worth of goods from around the globe last year. According to available export-import data, the country will import 23 per cent more alumina in the first half of 2018, compared to the same period last year. The market for high purity alumina witnessed growth during...
Sanction against Rusal drives a quick surge in alumina export from China
The sanctions against Rusal, world's second-biggest aluminium producer and a major alumina producer have created supply concerns in both the alumina and aluminium market. Before the sanctions, Hydro’s Alunorte refinery in Brazil was forced to cut outputs by half earlier in the year due to leakage...
Turkey’s alumina import falls 36% YoY in 2017; expected to pick up this year
Turkey, which imports substantial amount of alumina to feed domestic smelters every year, is estimated to increase its alumina import in 2018. The country’s import of alumina dropped in volume in 2017 when compared to 2016 data. Germany is the top supplier of alumina to the country in 2017,...
EGA announces completion of calcination process facility of Al Taweelah alumina refinery
Emirates Global Aluminium announced the completion of the calcination process facility of Al Taweelah alumina refinery after more than 2.4 million hours of work. Al Taweelah alumina refinery is the first to be built in the UAE to secure alumina needs of the UAE’s aluminium industry needs. The...
Alumina prices surge further: Expected to support aluminium prices – SMM learned
Shanghai Metal Market (SMM) believes that the aluminium prices, which fell drastically on London Metal Exchange (LME) on Tuesday, April 24, 2018 following the US eased sanctions on Russia, are going to gain some support from the higher alumina prices. Last week, alumina was traded at US$800 per...
Kazakhstan looks for new markets for its alumina exports
Being concerned about US sanctions against Rusal that it could bring down a shadow over businesses and jobs, Kazakhstan is in search of new markets and opportunities for its alumina exports. Eurasian Resources Group (ERG), partially owned by the Kazakh government, produces 1.5 million tonnes of...
Alcoa likely to redirect 800,000 tonnes of bauxite to the global market
Roy Harvey, CEO of Alcoa Corporation, a global leader in bauxite, alumina and aluminium production, announced on Wednesday April 18, 2018, the company will redirect 800,000 tonnes of bauxite to the market which was otherwise committed to Rusal. As a consequence of US sanctions, Harvey believes that...
Rio Tinto’s bauxite production increases 12% YoY in Q1 2018 driven by operational improvements
Global miner Rio Tinto today announced production results for the first quarter of 2018. The company’s bauxite production in Q1 2018 was 12 per cent higher than the corresponding quarter of 2017, due to continued operational improvements. Rio Tinto produced 12.7 million tonnes of bauxite in the...
