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...
National Aluminium Company Ltd (NALCO) has reported its highest-ever operational and financial performance for FY2025-26 as the state-run aluminium producer moves ahead with major expansion projects and a broader push into critical minerals and resource security. National Aluminium Company Ltd...
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China Hongqiao Group Limited , the country's second-largest aluminium producer, expects to receive the first shipment of bauxite ore from a joint venture mine in Guinea in September, its Chief Executive Officer Zhang Bo said on Monday. Bauxite is used to produce alumina, the base material for the...
State-owned diversified miner PT Aneka Tambang (Antam) is still struggling to find partners to support its plan to develop another smelter to process bauxite into lucrative products. Antam corporate secretary Tri Hartono said on Tuesday that the company needed to find further partners to jointly...
Sanmenxia Yixiang Aluminum Co. has been ordered to close its 300,000-tpy alumina project for failure to pass environmental protection inspections, the Ministry of Environmental Protection (MEP) said in its website. The company has been fined 100,000 yuan ($16,209), and is not allowed to resume...
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...
P.T. Indonesia Chemical Alumina (ICA), a joint corporation owned by Showa Denko K.K. (SDK) and PT ANTAM (Persero) Tbk (ANTAM), of Indonesia, has started commercial operation of its new chemical alumina plant established in the Tayan District, West Kalimantan, Indonesia. The term "chemical alumina"...
State-owned mining company PT Aneka Tambang (Antam) is planning to use around Rp 7 trillion (US$551 million) allotted by the government, which will act as a standby buyer for Antam’s planned rights issue, to finance its business projects. Antam president director Tato Miraza said that his firm...
Inner Mongolia Mengxi High-Tech Group started trials on its 200,000-tpy alumina project in Inner Mongolia on October 25, local media reported yesterday. The project, with total investment at 2.5 billion yuan ($ 410 million), will source coal ash, a waste of byproduct of thermal power generation as...
Russia’s investment and industrial group Vi Holding may pour around US$1.5 billion into building mineral processing facilities in Indonesia, a Russian minister says. The projects would comprise a $1 billion alumina refinery and a $500 million ferronickel smelter, Russian Industry and Trade Minister...
Shanxi Fusheng Aluminum Co. put phase one 800,000-tpy alumina project in Pinglu County, Shanxi Province, into service on October 19, cnal.com reported today. This marks the fourth alumina project of Hangzhou Jinjiang Group – parent company of Shanxi Fusheng Aluminum Co. – since its establishment.
Mining major Gujarat Mineral Development Corporation (GMDC) has acquired land in excess of 100 hectares for the first phase of an alumina plant and aluminium smelter plant, which would be set up in joint venture with Navratna Public Sector Unit (PSU) National Aluminium Company Limited (NALCO) at...
Alcoa World Alumina and Chemicals (AWAC), which is a joint venture between Alcoa and Alumina Limited, has been handing out dividends from its passive share. However, now with the sale of its share in the uneconomical Jamaica refinery, Alumina is slated to receive a handy cheque from Alcoa. The sale...
On September 27, the CMD of Nalco, Ansuman Das announced a dividend of INR 387 crore for the 2013-14 fiscal. The announcement was made in a press meet after the 33rd Annual General Body meet. Das explained that the aluminium market was picking up globally due to global cutbacks and the positive...
This symposium will not only focus on latest developments of Bauxite, Alumina & Aluminium Industry in Asian region but also promote value addition in each stage from Bauxite to Aluminium. There will be sessions on non-metallurgical bauxite, special alumina and value added aluminium products during...
The Comptroller and Auditor General (CAG) of India has issued a warning to the Telugu Desam Government who are planning to reopen the Vishakhapatnam bauxite mining, after studying the Memorandum of Understanding with Jinal South West Holding Ltd and Ras Al Khaimah in 2005-07 signed by the previous...
China Hongqiao Group Limited filed its interim report for the first half of 2014 at the Hong Kong Exchanges and Clearing Limited, reporting 27.5% YOY fall in net profits to 2.04 billion yuan ($0.33 billion) due to falling price of aluminium products. The prime cause behind this decline in net...
In what should serve as a relief for Anil Agarwal's alumina project, the Odisha government will soon grant three laterite deposits that can partially feed the company's controversial refinery in Kalahandi. Raw material uncertainty has plagued Vedanta Aluminium, now merged with Sesa Sterlite, ever...
The Centre’s Project Monitoring Group (PMG) will soon take up the issue of stalled process of bauxite mining in Andhra Pradesh, state government officials said here today. The clearances sought for mining of bauxite ore by the state-owned AP Mining Development Corporation (APMDC) was kept in...
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...
