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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India mines ministry asks NALCO to raise aluminium smelting capacity
<p>The recently ended Confederation of Indian Industry’s Sustainability Summit in New Delhi saw the Minister of State (Independent Charge) for Mines, Coal, Power and New & Renewable Energy, Piyush Goyal expressing concern about Indian aluminium majors not operating at their full...
WEG to supply induction motors for UAE's first alumina refinery
<p>WEG Industries, one of the noted names in the global electric engineering, power and automation technology domain, has been signed in as the sole supplier of all low to medium voltage Induction motors for an upcoming alumina refinery in the UAE. This is WEG's second foray into the Middle East...
Alumina prices likely to hold their ground in H2 2016
<p>China alumina prices, which have been on a downward track over the last few months, are unlikely to deteriorate further in the second half of the current financial year, analysts at the Shanghai Metals Market expect.<br /><br />Presently, the Chinese alumina market is in a demand-supply balance...
Chinese alumina rises further on strong sentiment, higher offers
<p>Chinese spot alumina prices firmed further Tuesday as market sentiment remained strong and offer levels continued to rise, sources said.<br /><br />The Platts ex-works Shanxi alumina price stood at Yuan 1,840/mt ($276/mt) full cash terms, up Yuan 40/mt from Monday, and up Yuan 90/mt week on week...
Indonesia's first alumina producer turns exporter as maiden shipment leaves for China
<p>The first alumina shipment from Indonesia's first alumina producer left for China on August 12, reported local industry sources. The shipment volume totalled 50,000 tonnes. <br /><br />PT.Well Harvest Winning Alumina Refinery is a joint venture among China's Shandong Hongqiao Group, Indonesia...
CME Group to launch two alumina futures contracts next month
<p>In a move to boost its rivalry in base metals trading against the London Metal ‎Exchange (LME), the oldest and largest market for industrial metals, Chicago-‎based CME Group, one of the world’s paramount exchange ‎operators, today said it will launch two aluminium futures...
China alumina output to fall back in August from this year’s high
<p>Alumina production in China hit this year’s high in July, but will fall back in August, SMM expects.<br /><br />The country’s alumina output totalled 5.05 million tonnes in July, up 3.8 per cent from June and 4.49 per cent from a year ago, SMM statistics showed. Release of new and...
Nalco faces the market blizzard bravely and comes out successful: T K Chand
<p>Navaratna PSE National Aluminium Company (Nalco) delivered an encouraging performance in the 2015-16 fiscal even as about 70 per cent of the world's aluminium producers have reported loss. The company's gross turnover was INR 7,157 crore and net profit INR 731 crore, noted Nalco CMD T K Chand....
China Hongqiao Group targets alumina self-sufficiency by 2017 end
<p>The world's largest aluminium producer China Hongqiao Group posted 21 per cent increase in profits in the first half of the current financial year. <br /><br />Referring to the Construction sector as the biggest growth driver for domestic aluminium demand, CEO Zhang Bo said, aluminium capacity...
EU alumina exports overcome pre-crisis level to peak at EUR1,538 mln in 2015
<p>According to a market report published by IndexBox Marketing, total EU alumina exports, after a long recovery period, finally overcame their pre-crisis level and peaked at 1,538 million EUR in 2015.<br /><br />The major EU Member States Ireland, Germany, France, and Spain topped the list of...
Vedanta's Lanjigarh alumina refinery revives second stream operations
<p>London listed metals and minerals giant Vedanata Resources has resumed work at its alumina refinery at Lanjigarh in Odisha. The company had idled the second stream at the refinery on sourcing constraints of bauxite, the principal raw material for alumina production. But, now as aluminium output...
Increase in specialty alumina sales boosts TOR Minerals' Q2 income
<p>Nasdaq listed TOR Minerals International, Inc. has reported a year-on-year (YoY) increase in net income to $87 million for the second quarter of fiscal 2016, up from a loss of $107 million the previous year. Increased investments and major capacity expansions in its speciality alumina division...
Shandong boasts as China top alumina producing region in H1 2016
<p>Shandong province took crown as China’s top producing region of alumina , aluminium and aluminium semis in the first half of the year, reported industry sources, citing Henan Nonferrous Metals Industry Bulletin. <br /><br />Alumina output at top five provinces totaled 27.27 million...
RUSAL's Q2 alumina production declines 1.2% QoQ
<p>The world's leading integrated aluminium producer, UC RUSAL Plc, reported a 1.2 per cent quarter-on-quarter decline in alumina production. The company's total alumina output for the quarter ended June 30 was 1,851 thousand tons.<br /><br /><img style="vertical-align: middle; display: block;...
Yunnan Aluminum aims at alumina self-sufficiency by 2020
<p>China's Yunnan Aluminum Co. is all set to further strengthen its upstream business verticals. According to the industry sources, the company has set an ambitious target for itself- to become 100 per cent self-sufficient in alumina by 2020. <br /><br />At present, Yunnan Aluminum’s alumina...
China alumina output to continue growing in July, SMM expects
<p>China’s alumina output will rise further in July due to release from new and restarted capacity, SMM predicts. <br /><br />Shandong Weiqiao Group’s 1 million-tpy new alumina project will begin to release output in late July. The rest of the year will see limited additional new...
South32's alumina output surges 3% YoY in FY16
<p>Perth, Australia based metals and mining company South32 reported significant rise in alumina production at its Worsley Alumina operation and Brazil Alumina refinery for the fiscal year ended June 30, 2016.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto;...
Nalco inks MoU with India Ministry of Mines to meet INR 7,100cr revenue target
<p>State-run National Aluminium Company Limited (Nalco) has inked a Memorandum of Understanding (MoU) with the Union Ministry of Mines, India, to meet an ambitious revenue target of INR 7,100 crore (excluding excise duty) from its operations, the company said in a release. The Mou was signed...
