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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SMM sees little immediate impact on Chinese alumina producers from Indian bauxite export duty hike
The Indian government’s decision to double the bauxite export duty to 20% will push up production costs for Chinese alumina producers in the long run, but the immediate impact will be limited as Chinese producers have already built up sizable stockpile, Shanghai Metals Market understood. China’s...
Norsk Hydro announces Second quarter 2014 results
Norsk Hydro ASA's underlying earnings before financial items and tax (EBIT) declined to NOK 544 million in the second quarter from NOK 772 million in the first quarter. Seasonally lower power production and prices weighed on underlying results, partly offset by higher all-in metal prices and...
Alumina Limited given new $1.60 price target at Morgan Stanley
Alumina Limited had its price target upped by Morgan Stanley to $1.60 in a research note issued to investors on Wednesday. The firm currently has an overweight rating on the stock. Morgan Stanley has also taken action a number of other stocks recently. The firm downgraded shares of Statoil ASA(ADR)...
Antam set for first Tayan alumina shipment
State mining company PT Aneka Tambang (Antam) said it would ship its first export of alumina next month from its new factory in Tayan, West Kalimantan. “The factory has been in trial operations for several months,” Antam president director Tato Miraza said on Thursday night as quoted by Antara....
Yunnan Aluminum boosts aluminum oxide production capacity
Yunnan Aluminum Co., Ltd. revealed that controlled Yunnan Wenshan Aluminum Co., Ltd. planned production expansion of 600,000 tons aluminum oxide through technology upgrade, on the basis of existing production capacity reaching 800,000 tons per year, with a total investment of CNY 1.907 billion....
Sale of Jamalco part of global cuts being made by Alcoa
The plan by US-based Alcoa to divest its Jamaica operations forms part of its global transformation that will also see it slash production in Brazil and Australia, management indicated. It aims to contain costs which at times exceed revenues at the global company. "To further optimise the Alumina...
Alumina Limited Company's price target increased to $1.60 by analysts at Morgan Stanley
Alumina Limited had its price target increased by Morgan Stanley to $1.60 in a research report sent to investors on Tuesday. They currently have an overweight rating on the stock. Morgan Stanley has also updated their ratings on a number of other stocks in the last week. The firm reiterated its...
Alumina struggles as Alcoa fires
Strong earnings and a buoyant market outlook from US aluminium giant Alcoa failed to translate into good news for its local junior partner, Alumina, which is not exposed to the business that fired Alcoa’s second-quarter earnings. Alumina’s sole business is a 40 per cent stake in the Alcoa World...
Rusal grab back a worthy idea
We can only assume that the Simpson Miller administration's notice of intent to rescind UC Rusal's bauxite mining concessions for two of its Jamaican alumina refineries - Alpart and Kirkvine - is a strategic move aimed primarily at enhancing its efforts at enticing Chinese interests to the sector....
Indonesian miners delay plans of alumina refinery on legal uncertainty
The plans of building alumina refineries by bauxite producers in Indonesia are getting delayed due to legal uncertainty over export ban that was imposed nearly five months ago, said government & industry officials. The Constitutional Court of Indonesia has to still decide on a legal challenge...
CAP lifted: Government no longer financing loss-leading entity
The Clarendon Alumina Production Limited (CAP) which has been a drain on the public purse for years, has been transformed into a self-financing entity which no longer has recourse to State funds. Contributing to the Sectoral Debate in the House of Representatives last Wednesday, mining minister...
Vedanta puts Lanjigarh alumina refinery expansion on hold
Vedanta Resources has put on hold a five-fold expansion plan of its Lanjigarh refinery in Odisha even as it is mulling sourcing bauxite from other sources away from Niyamgiri Hills to feed existing and future operations. “With regard to the expansion project at Lanjigarh, the company’s fresh...
Alumina Limited looks positive after a 35% share price surge
Alumina's primary source of income is in the form of dividends received from its investment in AWAC. The past few years have been anything but pleasant for shareholders in Alumina. In 2008 the company earned A$202 million, however in the years since then the returns have been US$300,000, US$36.7...
Alumina Limited second strike unlikely
ALUMINA is expected to avoid becoming the first of the big-name resources companies to suffer a second strike from shareholders on its remuneration report at today’s annual meeting in Melbourne. Last year, Alumina suffered a no vote of slightly more than 50 per cent, prompting an overhaul of its...
Sesa Sterlite produces 794000 tonnes of aluminium in FY 2014
Sesa Sterlite has come out with its production for the fourth quarter and financial year ending 2014. The company has reported that the total Aluminium production for FY 2014 was 794000 tonnes in financial year ending 2014, compared to 774000 tonnes in the year 2013. Alumina production was 524000...
Chalco plans to cut aluminium output by 16% in 2014
Aluminium Corporation of China (Chalco) plans to reduce its aluminium production by 16% year-on-year to 3.21 million tonnes in 2014, the company said. In 2013, the company produced 3.84 million tonnes, down 9% from output a year earlier. Alumina output is expected to reach 13.02 million tonnes in...
Utkal Alumina expects one million tonne alumina output in FY15
Utkal Alumina International Limited (UAIL), a subsidiary of Aditya Birla Group owned Hindalco Industries, is looking at alumina production of one million tonne in 2014-15 from its refinery at Kashipur in south Odisha's Rayagada district. The refinery commenced operation six months back and it...
Chalco’s alumina output expected to hit 3.21 Mln tonnes in 2014
Aluminum Corporation of China (Chalco) expected its instructive output of metallurgic aluminum oxide to be 13.02 million tonnes and the instructive output of alumina to be 3.21 million tonnes in 2014. In accordance with Chalco’s production target for 2014, it intended to raise funds through issue...
