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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Alcoa's Alumina division generates ATOI $109 mln in Q2 2016
Global lightweight metal giant Alcoa posted growth in the combined Upstream division, Alcoa Corporation, for the second quarter 2016. The company's Alumina and Primary Metals segments reported revenue of $2.3 billion, ATOI of $150 million and adjusted EBITDA of $358 million. The total revenue of...
China biggest alumina producer's profit hits 5-year high
Aluminum Corp of China (CHALCO), the country's biggest producer of alumina and primary aluminium, posted profits of 330 million yuan ($49.4 million) during the first half of the year, the highest level in almost five years. The company attributed its excellent performance largely to reduced...
Alumina production steady but returns slide
Alumina says production at its AWAC joint venture with Alcoa held steady through the second quarter, with its returns falling despite improved margins. The ASX-listed Alumina (AWC) said AWAC production came in at 3.2 million tonnes, exactly in line with first quarter numbers. Its total dividends...
Global alumina deficit seen at 4 mln mt in 2016, 2017 by Australia’s DIIS
Australia’s Department of Industry, Innovation & Science has projected global alumina deficits of 4 million mt in 2016 and 2017. Global consumption in 2016 is anticipated to rise 3 per cent year on year to 116 million mt and production to rise 3 per cent to 112 million mt, the DIIS said Friday...
Orbite provides update on high purity alumina plant construction
Orbite Technologies Inc. today provided an operational update on the Company's progress with the construction of its high purity alumina (HPA) plant. • CNC Mecanique was demobilized as planned from the site the week of June 27th. • The remaining piping mechanical work was awarded to Fjordtech...
Alumina isn’t Port’s business, say analysts
The Port of Corpus Christi had recently announced that it made a bid to buy the Sherwin Alumina plant, which is in bankruptcy. The Port said it offered $33 million for the plant and offered to spend $13 million in capital, deferred maintenance and environmental improvements if Sherwin Alumina or...
Caricom’s bauxite miners must industrialise to withstand impact of volatile commodity prices
Suriname's President Desi Bouterse on Monday urged Caribbean Community (Caricom) member states that are involved in bauxite mining, mining of other industrial metal ores, and oil to unite towards industrialisation rather than continue to be vulnerable to global commodity prices. “Those...
Vedanta seeks quick supply of bauxite in Odisha
With plans to raise alumina production at its Lanjigarh refinery in Odisha's Kalahandi district by 50 per cent, bauxite starved Vedanta today sought quick steps for raw material supply from within the state. "We plan to enhance production in Lanjigarh refinery from 1 million tonne per annum to 1.5...
US imports of alumina declines 48% YoY in Q1 2016
According to the latest Mineral Industry Surveys data published by the USGS, imports of alumina during the first quarter of 2016 were 262,000 metric tons (t), 6 per cent less than those in the fourth quarter of 2015 and 48 per cent less than those in the first quarter of 2015. The leading sources...
Update: China Hongqiao buys Beihai Xinhe from CITIC for US$320 mln
The People’s Republic of China’s China Hongqiao Group Ltd., the world’s top aluminium producer by volume, announced that it entered into an agreement last week to purchase the entire equity interests of Binzhou Municipal Beihai Xinhe New Material Co., Ltd. for US$320 million. Beihai Xinhe’s equity...
China Hongqiao to acquire alumina producer for $319 mln
China Hongqiao Group will spend 2.12 billion yuan ($319 million) in acquiring all stakes in one Chinese alumina producer, reported industry sources. The alumina producer to be acquired, namely Binzhou Beihai Xinhe New Materials Co., now has designed annual alumina capacity at 2 million tonnes and...
Strong USD, weak fuel prices and bauxite barter lead to lower operating costs at alumina refineries
CRU's recently published Alumina Cost Service, 2016 Edition examines the key themes which had a significant effect on the alumina industry in 2015, including the main drivers behind the significant decrease in world average site costs. Three key themes emerged as particularly notable, including the...
Alumina prices to extend declines on changing supply & demand picture
Alumina prices in China will keep falling as the market is gradually turning from shortfall to surplus, SMM predicts. The pace of capacity restarts and new capacity commissioning in alumina industry is faster than in aluminium industry because alumina production is more flexible than aluminium...
Orbite provides operational update on HPA plant construction
Orbite Technologies Inc. has provided an operational update on the company's progress with the construction of its high purity alumina plant, its commercial activities and expansion of its intellectual property portfolio. HPA plant update • CNC Mecanique was remobilized the week of May 24th to...
Cita Mineral to produce Indonesia’s first alumina
Indonesian conglomerate Harita Group representative Hidayat Sugiarto (left to right), bauxite miner Cita Mineral Investindo director Robby Irvan, president director Liem Hok Seng, director Yusak Parded, commissioner Harry Tanoto and commissioner Kartiko Sunu prepare for a photograph during a public...
Vedanta eyes bauxite auctions for feeding Lanjigarh refinery
London-listed Vedanta Resources is looking up to auctions of bauxite blocks to clinch long-term raw material security for its alumina refinery at Lanjigarh (Odisha). Vedanta was feeding the refinery by sourcing bauxite from other states as well as importing from countries like Guinea. The refinery...
Hatch alumina tube digestion technology reduces costs and increases production
Alumina producers face ongoing challenges to reduce costs and increase production. Today, the investment needed for a modern greenfield refinery is typically in the range of several billion dollars. But to gain economies of scale, larger, more complex refineries are constructed. Key considerations...
Jamaica’s Alpart operation to reopen within months: Mining Minister
According to Jamaica’s Minister of Transport and Mining Michael Henry, authorities expect to reopen the Alpart bauxite mine and alumina refinery in Nain, St Elizabeth, in the present fiscal year, which runs from April 1, 2016 through March 31, 2017. Henry made the disclosure while speaking to...
