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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Rusal to sell Alpart bauxite-alumina plant to Chinese company
Owners of UC Rusal have signed an agreement with a Chinese firm for the purchase of Alumina Partners of Jamaica (ALPART), a bauxite mining and alumina processing plant located at Nain, St Elizabeth, in the south of Jamaica. Reliable sources said on Thursday that – in a process likely to be...
Rusal to boost alumina capacity despite global surplus
Russian aluminium giant Rusal is taking advantage of a slide in the country's currency to boost its alumina production capacity despite a global surplus of the material, an executive said on Wednesday. Ramping up production would allow the company to take advantage of higher margins offered by the...
China's imported alumina demand to surpass 5 mln mt in 2016
China’s appetite for imported alumina is to grow voracious in 2016. SMM expects, it will surpass 5 million mt in 2016 mainly due to two reasons. First, domestic supply of alumina will tighten following output cuts by some of the major Chinese alumina refiners; and second, sea freight charges are at...
China's appetite for imported bauxite to grow bigger in 2016
China’s demand for imported bauxite will remain high in 2016 after a 53.86 per cent increase in 2015, SMM predicts. SMM expects output of alumina in China that relies heavily on imported bauxite to grow to 20.4 million tonnes (mt) in 2016, and this will boost demand for imported bauxite to 55 mt....
Nalco eyes 10% growth in bauxite output
Beating the slump in world aluminium market, National Aluminium Company (Nalco) is eyeing 10% growth in bauxite production by the close of this financial year. “By the end of 2015-16, the (bauxite) production is likely to be at the level of 6.3 million tonne (mt), a growth of 10%. Similarly, in...
Nashtec: Current supply of APYRAL® 40 CD from Sherwin Alumina is secure
Nashtec LLC, a Delaware limited liability company, is a joint venture company between Nabaltec (which holds 51% of the membership interests in Nashtec) and Allied Alumina LLC (which holds 49% of the membership interests). On Monday January 11, 2016, Nashtec’s supplier of aluminum hydroxide required...
South32 puts focus on balance sheet
BHP spin-off South32 has slashed its debt and sharply cut costs as it races to stay ahead of weaker earnings amid a slump in commodities prices. The company on Thursday posted drops in production across most of its businesses for the December quarter. South32 has already cut or suspended production...
Gramercy's Noranda alumina plant could close; 444 jobs at stake
A foreign tax dispute and sagging commodity prices could lead a St. James Parish manufacturing plant to close, leading to the loss of 444 jobs. Noranda ships bauxite that it mines in Jamaica to its plant in Gramercy, where alumina is extracted. That material then goes to the company's smelter...
Alumina price rally on the upward curve, SMM Says
Alumina prices in China are building up upward momentum after a slump in December, SMM sees. The price rally will be driven by alumina production cuts, stocking before the 2016 Chinese New Year holiday due in early February, SMM aluminium analyst explained. China’s alumina output fell 1.17%...
Report casts doubt on 2016 bauxite supplies
Most news concerning global metal demand and pricing has been gloomy in 2015 and so far in 2016, but a report from a London-based research firm is pointing to a supply factor that could put upward pressure on aluminum pricing. In its new “Metallurgical Bauxite & Alumina” report with forecasts to...
China alumina refineries slash 9.1 mt/y capacity since Nov 2015
Large alumina refineries in China have begun to slash output due to rock bottom prices of aluminium, which has 80% of the country's domestic alumina industry operating with negative cashflow, state-backed research house Antaike said on Friday. "Domestic alumina refineries have halted 9.10-million...
Rio Tinto posts production growth despite alumina price slump
Global mining behemoth Rio Tinto reported growth in production in its alumina operations in FY 2015. Alumina production from the company's QAL and Yarwun plants in 2015 totalled 6.61 million tonnes (mt), an increase of 355,000 tonnes from the 2014 total of 6.256 mt. The QAL plant produced 3.747 mt,...
Sherwin Alumina receives preliminary loan access
Sherwin Alumina Co., the bankrupt unit of commodities giant Glencore PLC, made its bankruptcy-court debut in Corpus Christi, Texas, Wednesday and got preliminary access to $40 million in financing from another Glencore affiliate. Judge David R. Jones approved access to $500,000 of the loan and set...
Alumina shares peak on global production cuts
Alumina shares rose the most in almost seven years after Citigroup upgraded the stock, citing expectations that global production cuts can drive a recovery in prices. The Melbourne-based producer, partner of Alcoa in the world's largest alumina producer, rose as much as 13 per cent in Sydney, the...
Glencore’s U.S. unit Sherwin Alumina files for bankruptcy
Sherwin Alumina Co., the troubled U.S. unit of commodities company Glencore Plc, filed for chapter 11 bankruptcy Monday as a protracted slump in the price of aluminum and a labor lockout strained the alumina plant operator’s finances. Sherwin entered bankruptcy with a plan to sell its assets to...
Noranda issues statement regarding its New Madrid aluminum smelter
Noranda Aluminum Holding Corporation today announced that production has been idled at two of the three pot lines at its aluminum smelter in New Madrid, Missouri, following an electrical supply circuit failure. The electrical supply circuit failure occurred shortly before 1:00 p.m. Central Time on...
AWAC-Alcoa JV partner Alumina's margins hit by price rout
Australian company Alumina, the junior partner in the AWAC joint venture with Alcoa, said lower alumina and aluminium prices and unfavourable currency movements had negatively impacted margins during the final quarter of last year. The comments came as Alcoa, the first major US company to report...
Malaysia bauxite mining and export ban to have limited impact on China aluminium
Ever since a Malaysian government official reportedly said in an interview on January 2 that the country will likely suspend bauxite mining and exports at certain mining sites out of growing environmental concerns, tension has been brewing over how the decision would impact China aluminium market....
