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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UC RUSAL announces the 100% consolidation of WINDALCO
UC RUSAL, a leading global aluminium producer, announces that it has completed its transaction to obtain the remaining 7% of the property rights of West Indies Alumina Company (WINDALCO). As a result, RUSAL now owns 100% of the complex. The relevant agreement was reached and signed between RUSAL...
Iran signs contract with German company for producing Alumina Powder
Iranian Ministry of Industry, Mines and Trade on Saturday signed a 9.3 million euro worth contract with a German company for implementation of a project to produce Alumina Powder near the city of Sarab in northwestern Iran. Deputy Minister of Industry, Mines and Trade Mahdi Karbasian told the...
Nalco Q2 profit may jump 62% to Rs 290 cr on strong EBITDA
National Aluminium Company (Nalco) is expected to report a whopping 62 percent growth in profit at Rs 290 crore for July-September quarter led by company's strategy to minimise expensive coal imports. Profit in the year-ago period was Rs 179.2 crore. Revenue is seen going up by 7 percent to Rs...
Alumina Limited upgraded to neutral by Goldman Sachs (AWC)
Alumina Limited was upgraded by analysts at Goldman Sachs to a “neutral” rating in a research report issued to clients and investors on Monday. A number of other analysts have also recently weighed in on AWC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Alumina Limited in a...
Alumina prices need to surge for the supply to increase: Goldman Sachs
Goldman Sachs Groups Inc. predicts that in order to spur supply of alumina, which is currently in deficit, the price of alumina needs to be increased. After the Indonesian ban, the bauxite reserves across the world are rapidly falling, which in turn has caused the Chinese alumina output growth to...
China's Chalco posts wider Q3 net loss as oversupply persists
Aluminum Corp of China Ltd (Chalco) posted a wider net loss of 1.29 billion yuan ($210.99 million) for the July-September quarter due to oversupply in the world's biggest aluminium market. China's biggest producer of primary aluminium and raw material alumina sells its products mainly in its own...
China Inner Mongolia Starts Producing Alumina from Coal Ash
Inner Mongolia Mengxi High-Tech Group started trials on its 200,000-tpy alumina project in Inner Mongolia on October 25, local media reported yesterday. The project, with total investment at 2.5 billion yuan ($ 410 million), will source coal ash, a waste of byproduct of thermal power generation as...
China Alumina Output to Rebound in Oct. as Refineries Reopen
China’s alumina output will rebound in October following maintenance-induced decline in September, Shanghai Metals Market foresees. Completion of facility overhaul and production incentive from rising alumina prices will be two major drivers of production recovery, SMM understands. For example,...
AMMG releases update on High Purity Alumina (HPA) Market
Highlights • Global HPA market estimated at 19,040tpa in 2014 with increase to 48,230tpa anticipated by 2018 • Market growth forecast at a CAGR of approximately 28% • Asia Pacific region HPA market share 70% • Asia Pacific potential location for AMMG’s HPA plant – best geographic position to...
Future remains grim for alumina, economist says
WESTPAC chief economist Bill Evans says he doesn't hold any great hopes for the alumina industry, with low commodity prices set to continue. Speaking at the GEA Major Industry Conference in Gladstone on Thursday, Mr Evans said the future for the industry appeared grim. More than 3000 people work in...
Orbite awarded Green Chemistry and Engineering Network Award
Orbite Aluminae Inc. announced today it has been awarded the Chemical Institute of Canada’s Green Chemistry and Engineering Network Award. The award is presented to companies that have made significant contributions to the field of green chemistry and engineering, including the technical, economic,...
Alumina Limited receives buy rating from Deutsche Bank (AWC)
Deutsche Bank reissued their buy rating on shares of Alumina Limited in a research report sent to investors on Tuesday morning. The firm currently has a $2.25 price target on the stock. Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated...
Indonesian Mining industry suffers due to ore export ban
After the government ban on mineral ore export, there has been a drastic fall in national output for a number of commodities this year. There is a lot of expectation from the new government due to come in soon headed by president-elect Joko “Jokowi” Widodo, to lay out clear policies to regulate the...
Chalco's Henan Branch delays resumption at 1,000,000-tonne alumina capacities
Chalco's Henan Branch delayed the production resumption at its 1,000,000-tonne alumina capacity, Shanghai Metals Market learns. The delay is mainly because the repairing of its red mud pond has not been completed, sources reported. The company closed a total of 1,600,000 tonnes of alumina...
Alcoa performs well in the alumina sector in Q3
Alcoa has signed a letter of intent in the second quarter in a bid to sell its ownership stake in Alcoa Minerals of Jamaica L.L.C. the operational company for Jamalco bauxite mine and alumina refinery. The company has also signed a Memorandum of Understanding with the Government of Suriname so that...
Vedanta embarking on doubling alumina refining capacity in Odisha
Azad of the Niyamgiri Suraksha Samiti said the authorities at the public hearing didn't record the tribals' objections and neither did it meet other norms for such hearings. What Azad and other critics of the project, such as Amnesty International, ask is where will Sesa Sterlite get the bauxite...
Alumina rallying into Alcoa results
Alumina (AWC) has been one of the best performers on the local Australian market over the past couple of months, rising even as most of the materials stocks have been underperforming. The primary driver of the gains has been centred on aluminium fundamentals, with demand ramping up on aircraft...
China alumina imports up 142.74% in August 2014
China imported 350,400 mt of alumina in August, up 142.74% YoY, but down 24.35% MoM, customs data showed. YTD imports through August surged 76.62% YoY to 3.58 million mt. New Alumina capacity growth in China has not kept pace with expanding aluminum capacity, which is the major reason behind the...
