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 Ltd returns to profit in first half 2015
Alumina Limited (AWC), the leading Australian mineral and metals company, has swung to profit in the half-year to the end of June, and expects to see solid margins in the second half as favourable exchange rates lead to lower production costs. Alumina (AWC) today posted a net profit after tax of...
China Jilin to invest $340 mln to produce alumina using coal ash
The government of Baishan City, Jilin Province, is planning to spend 2.2 billion yuan ($340 million) in building a project that extracts alumina from coal ash. Coal fly ash, an industrial by-product, is derived from coal combustion in thermal power plants. Coal fly ash is rich in alumina (upto...
Hindalco Industries Ltd clarifies on INR 7500 crore invesments
The Exchange had sought clarification from Hindalco Industries Ltd with respect to news article appearing in Financial Express on August 15, 2015 titled "Birla invests INR 7,500 cr in Odisha refinery". Hindalco Industries Ltd has replied stating that Utkal Alumina International Ltd (Utkal) is our...
PT WHW targeting alumina production in 2016
PT Well Harvest Winning Alumina Refinery (WHW) development project continued speeding the processing of bauxite into alumina. Li Yu Yong, Project Leader alumina smelter PT WHW, said that the company had already begun construction. This phase has been underway since 2013 and is scheduled for...
NALCO puts diversification and expansion plans on fast track
The National Aluminium Co Ltd (NALCO) expressed interest to diversify into nuclear power production. The company is also looking to strengthen its raw material supply chain. It expects Odisha to give it green signal for a new bauxite mine in the next few months that will help it to start work on...
Rusal to complete Mykolaiv alumina plant expansion in 2018
Rusal, the largest aluminium producer in Russia, intends to complete the construction of facilities to expand the production capacity of Mykolaiv alumina plant from 1.6 million tons to 1.7 million tons in 2018. "We will complete building facilities to expand the production capacity to 1.7 million...
Chinese alumina refineries operating at full capacity despite dropping price
Chinese domestic alumina refineries are still operating at full capacity despite the fall in aluminium price. However, the alumina price has been dropping over the last few months as domestic aluminium smelters buy the raw materials “hand-to-mouth” in view of the falling aluminium price. According...
Alumina Limited downgraded by Goldman Sachs to sell
Goldman Sachs cut shares of Alumina Limited from a neutral rating to a sell rating in a research report sent to investors on Tuesday morning. Goldman Sachs has also modified their ratings on a number of other stocks in the few days. The firm lowered its price target on shares of Lloyds Banking...
China's alumina imports decline 40% YoY in June
Alumina imports of China declined 117,200 mt MoM and 40.01% YoY to 223,300 mt in June, according to customs data. Shanghai Metals Market (SMM) attributed the decline to two factors- a. prices for domestic alumina fell faster than imported alumina due to growing supply, making the former more...
UC RUSAL announces second quarter 2015 operating results
UC RUSAL, a leading global aluminium producer, announced its operating results for the second quarter 2015. Key highlights: Total aluminium output amounted to 908 thousand tonnes (+0.8% QoQ and +1.1% YoY in 2Q15). The company maintains production discipline in accordance with the previously...
South32 targets dividend next year
BHP Billiton owned South32 anticipates declaring a dividend at the end of next year.This was revealed in the company’s third quarterly report, which it issued to shareholders yesterday. In the statement, South32 notes it has hit four annual production records including saleable alumina at Brazil...
China alumina output to stay high in July after 13% growth in June
China’s alumina output is expected to remain high in July after rising 13% year-on-year in June, SMM predicts. Despite delay of commissioning schedules for new alumina capacity amid falling alumina prices, most alumina refineries are maintaining high operating rates, SMM has learned. Bosai Group...
Alcoa & Nalco getting benefits from alumina and not aluminium
US aluminium giant Alcoa is globally seen as the bellwether for the silvery white metal industry. Such is its standing that every quarter it unofficially kicks off the US earnings seasons. Not surprising, therefore, Alcoa deciding two years ago to start switching off high-cost smelters to stanch...
Rio Tinto celebrates productivity growth in alumina sector
The second quarter results from Rio Tinto reveal that the company has seen an improvement in productivity at its Yarwun site. Alumina production recorded a five per cent growth compared with the first half of 2014. "We have maintained our emphasis on efficiency and protecting returns, which is...
Vietnam plans to double the production capacity of the Tan Rai and Nhan Co projects
The Prime Minister’s recent working visit to the Central Highlands bauxite complex confirmed the great potential of bauxite exploitation there and aluminum industry development. Analysts once looked at Tan Rai and Nhan Co alumina projects with dubious eyes. However, it is obvious that domestic...
Oyak to acquire alumina supplier Almatis
Almatis, a leading global supplier of premium alumina for the refractory, ceramic and polishing industries, has announced that its shareholders, including majority owner Dubai International Capital (DIC), have signed an agreement to sell the Group to Oyak, Turkey's largest private pension fund....
UC RUSAL to switch Achinsk production to increase supply of alumina to KrAZ
UC RUSAL, a leading global aluminium producer, announces its plans to fully switch production at its Achinsk alumina refinery (AAR) to support the consumption requirements of the Krasnoyarsk aluminium smelter (KrAZ). This decision will allow RUSAL to reduce its logistics costs and also to ensure...
Orbite receives Australian patent
Orbite Technologies Inc. today announced that the Company has received notification from IP Australia, the Australian Government agency that administers intellectual property (IP) rights, of the granting and the delivery of patent 2012308068 pertaining to Processes for preparing alumina and various...
