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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Port of Corpus Christi makes bid to purchase Sherwin Alumina property
The Port of Corpus Christi has put in a bid to buy the property of Sherwin Alumina Co., now wrestling with bankruptcy and a nearly two-year-long labor dispute, federal court records show. The fifth-largest port of the USA has offered a bid totaling $32.9 million, and already has made a $2 million...
China alumina output grows in March on price recovery
China’s alumina output grew in March as rising prices gave many producers incentive to resume production. Production totaled 4.6 million tonnes in March, up 8.19 per cent from February, but down 2.32 per cent from a year ago, according to SMM statistics. Weighted average alumina price in China’s...
Rio Tinto's Q1 alumina production improves by 7% YoY
Rio Tinto posted strong production results for the quarter ended March 31. Production volume inreased across all verticals of the aluminium business value chain compared to the corresponding period previous year. This indeed is a major development keeping in view the recent downturn in the global...
Nalco eyes 68.95 lakh tonnes of bauxite
The National Aluminium Company Limited (Nalco) targets to produce 68.25 lakh tonnes of bauxite and 21.50 lakh tonnes of alumina from its mines and refinery unit at Damanjodi in Koraput district during the current fiscal year. "In 2015-16, we broke all our records by producing 63.4 lakh tonnes of...
Vedanta's FY16 alumina production drops marginally
Vedanta Limited announced yesterday production results of fourth quarter and full year ended 31 March 2016. In Q4 FY2016, Lanjigarh alumina refinery operated at a single stream and produced 211,400 tonnes. Vedanta Ltd has received approvals for expansion of the Lanjigarh refinery to 4 mtpa, which...
More Chinese alumina producers to resume production
More alumina producers in China will join recent capacity restart wave on improved profitability, Shanghai Metals Market experts expect. Alumina capacity restarts in China have amounted to 2.8 million tonnes per year over the past more than one month, SMM statistics showed. Besides, China will see...
NALCO records the highest-ever bauxite and alumina production
At a time when 70 per cent aluminium companies world over have reported loss and the aluminium industry is reeling under heavy pressure due to sluggish international market, National Aluminium Company Limited (NALCO), a Govt of India PSU, has remained profitable all through by successfully handling...
Rebound in alumina prices YTD outpacing aluminium price in China
Strong rise in alumina prices have been supporting China’s domestic aluminium price. According to the latest data, alumina prices increased 18.2 per cent from the start of the year, which greatly outpaced the aluminium price rise and lifted the price ratio between alumina and aluminium from 0.28 in...
China alumina output to rebound in march, SMM expects
China’s alumina output will rebound slightly in March after consecutive months of declines as rising prices will spark capacity restarts, SMM understands. China’s alumina output was 4.25 million tonnes in February, down 7.41 per cent from January and 0.3 per cent from a year ago, SMM survey found....
China alumina import rises 23% and export 83% YoY during Jan-Feb 2016
Alumina import to China rose 13 per cent year-on-year in February 2016 and 23.12 per cent year-on-year during January - February 2016, revealed data released by the General Administration of Customs, China on March 21. Total alumina imported in February stood at 372,375 million tonnes, while it...
Noranda plans temporary closure of Gramercy alumina plant in May
Alumina manufacturer Noranda is delaying plans to cut jobs and close its St. James Parish plant after completing an expansion it hopes will spur business. The company warned more than 100 workers could lose their jobs if the efforts fail. Noranda, based in Franklin, Texas, told state officials in...
China Hongqiao starts alumina output in Indonesia, up bauxite from Guinea
China Hongqiao Group Limited, the top primary aluminium producer in the country, is running a trial production at its one million tonnes-a-year alumina plant in Indonesia and will complete building another 1 million tonnes by the end of 2017, its Chief Executive Officer said on Monday. The capacity...
Sinosteel, IMIDRO sign MoU for aluminium projects
China-based Sinosteel Company has signed a memorandum of understanding (MoU) with Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) to implement alumina, aluminium and power house plans, said a report. The production plan capacity for Alumina Powder Company is 1.6...
China alumina imports rise 31.76% YoY in Jan; no plans to restart idled capacity
China imported 507,500 mt of alumina in January 2016, up 31.76 per cent year-on-year, but down 6.72 per cent month-on-month, revealed data released by the China Customs. Alumina prices overseas were depressed during December 2015 and January 2016, boosting Chinese buyers’ interest in imported...
Alumina Ltd upbeat about 2016 alumina prices despite volatility
Alumina Ltd, a 40 per cent business partner of Alcoa World Alumina and Chemicals (AWAC), is seemingly optimistic about alumina market scenario in 2016. The Australian mining company predicted, alumina prices will improve globally this year and says it can withstand any kind of volatility. Alumina...
Writedowns and restructuring costs weigh on Alumina
Alumina reported an annual loss in 2015 linked to restructuring costs and asset writedowns. The Australian-listed company said it recorded a net loss of $US332.6 million for last year, versus a loss of $US370.1m a year earlier. Alumina reported $US169.9m in so-called significant items, which...
Rusal sees 12.5 mln tonne global alumina capacity closing in 2016
Rusal expects 12.5 million tonnes of alumina capacity to be closed worldwide this year, an executive from Rusal was reported saying in a recent interview. Rusal's own modernization program, however, will increase its alumina capacity by about 430,000 tonnes when it is complete by May or June, Yakov...
Alumina price to drop 18% in 2016
Gladstone alumina refineries QAL and Yarwun are expected to refine more product this year despite low prices and an already over-supplied market. According to the Resources and Energy Outlook report from Department of Industry, Innovation and Science too much alumina in the market in 2015 pushed...
