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...
Ireland withholds Aughinish Alumina meeting notes amid Russia export review
Ireland’s Department of Enterprise has withheld the release records of discussions between its secretary general and Aughinish Alumina management, citing “highly confidential information” shared by the company. The decision comes as scrutiny intensifies over the Limerick refinery’s alumina exports...
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Odisha govt urged to arrange bauxite for Vedanta Aluminium
Voicing concern over the fate of workers due to shutting down of the refinery of Vedanta Aluminium Ltd (VAL) in Kalahandi district, a senior BJP leader today asked the Odisha government to arrange bauxite from some source for the resumption of operation of the alumina plant. "Shut down of refinery...
Queensland Alumina Limited (QAL) confirmed job cut at its Gladstone plant
Queensland Alumina Limited (QAL) confirmed jobs will be cut at its plant in Gladstone. Low global prices and the high Australian dollar have been blamed for the job losses at the 40 year old refinery. In a statement announcing the cuts, QAL chairman Armando Torres took a swipe at 'new taxes' for...
Refinery closure to hit Vedanta's Jharsuguda aluminium smelter
A day after shutting down its bauxite refining unit at Lanjigarh temporarily citing unavailability of bauxite ore, Vedanta Aluminium Limited (VAL), has said it can hardly run its smelter facility at Jharsuguda for a month in the absence of enough alumina to run the plant. “Amid raw material supply...
Gladstone alumina refinery celebrates 45 years
More than 100 former construction workers will reunite this weekend at Gladstone in central Queensland, to celebrate 45 years since the construction of the world's largest alumina refinery. It took three years and thousands of workers to build Queensland Alumina Limited's (QAL) refinery in...
Vedanta Aluminium confirms shutdown of Lanjigarh power plant
The Vedanta Aluminium Ltd. (VAL), which will soon close down its refinery at Lanjigarh in Kalahandi district, has also decided to discontinue operation of its 75 mw captive power plant there. The VAL on Wednesday informed this to the local executive engineer of the power distribution company,...
Vedanta may shut down Lanjigarh refinery temporarily from Friday 12th Oct
Vedanta Aluminium Ltd (VAL), which had announced to close down its alumina refinery in Odisha from December 5 for want of bauxite, may go for a temporary shutdown of the facility in a day or two, much before the due date. With no immediate supply of bauxite in sight, the company said, it will be...
Jobs cuts confirmed at Queensland Alumina Refinery
Rumours that jobs will be lost at Gladstone's Queensland Alumina Limited refinery have been confirmed, with the company announcing plans to restructure its operations to ensure the refinery can compete successfully in all market conditions. QAL chairman Armando Torres said the aluminium sector in...
Hindalco lines up new projects to be completed by 2015
Timely project execution will be the key to growth for Hindalco Industries, the Aditya Birla Group flagship, as the company lines up an array of projects to be commissioned up to 2015. Mahan smelter, Aditya Aluminium along with a power plant, Aditya Alumina and Jharkhand Aluminium are among the...
Alcoa gets first free carbon permits from Australia
Alcoa (AA), the largest U.S. aluminum producer, and Queensland Nitrates are the first to get free carbon permits from Australia through an A$8.6 billion ($8.9 billion) program to help businesses facing global competition. The companies are getting permits under the Jobs and Competitiveness Program,...
Regulatory issues to remain a major impediment for Vedanta Group
Regulatory hurdles remain to be the major impediment for the Vedanta group companies. The market has responded to the continuous regulatory overhang across group companies and has brought down the stocks of two main listed entities of the group, Sterlite IndustriesBSE -1.59 % and Sesa Goa. Sterlite...
Nalco gets Odisha govt's nod for new smelter and power plant
National Aluminium Company (Nalco) has got the approval of Odisha's High Level Clearance Authority to set up 0.5 million tonne per annum (mtpa) aluminium smelter and 1,260 MW captive power plant (CPP) at a cost of Rs 16345.89 crore. The smelter cum CPP would come up at Kepse in Sundergarh district....
Hindalco raises Rs 9,900 cr for Odisha project
Hindalco Industries, an Aditya Birla Group company, has raised Rs 9,896 crore to fund its aluminium project in Odisha. The debt funded through a consortium of 28 banks and financial institutions has a tenor of 12.5 years and interest rate of 11.25 per cent a year. The 13,195-crore Aditya Aluminium...
Rusal to halt plans for power plant at Queensland Alumina refinery
Russian aluminium producer Rusal is expected to halt its plans for a $400 million gas-fired power plant at its Queensland Alumina refinery, The Australian Financial Review reports. According to the newspaper, Rusal Australia chairman John Hannagan said the company is uncertain if it will able to...
Profits plunge 80pc at RUSAL's Aughinish Alumina plant
Tax profits at Rusal Aughinish in Limerick have fallen 80pc to $4.9m (€3.7m). The plant at Aughinish on the Shannon Estuary, which employs 450 staff, is Europe's biggest alumina refinery. Profits are down on rising costs, which have squeezed margins at the plant from 5pc to just 1.4pc. The...
Russia plans to invest billions in smelters in Indonesia
Russian firms plan to invest billions of dollars in refineries, smelters and infrastructure, including railways and power plants, in Indonesia within the next few years, an ambassador says. Russian Ambassador to Indonesia Alexander A. Ivanov said on Wednesday that the investments would come from,...
Governance deficit delays NALCO's expansion projects" CAG
The Comptroller and Auditor General (CAG) of the government says possible "governance deficit" has resulted in delay in NALCO’s Rs 4,091.51 crore second phase capacity expansion project. "Gaps and inadequacies in project formulation and execution points towards a governance deficit in the company...
Odisha CM assures steps to prevent closure of Vedanta’s Lanjigarh Alumina refinery
Odisha Chief Minister Naveen Patnaik has promised to initiate efforts to avert the closure of the Lanjigarh plant of Vedanta Aluminium. The company has said it would shut down the plant from December 5 citing the lack of assured supplies of bauxite. This promise was given to a 30-member delegation...
Govt 's Nalco disinvestment plan faces protests from Odisha's ruling party
Hundreds of workers and leaders of Odisha's ruling Biju Janata Dal (BJD) Monday held a demonstration at Damanjodi in Koraput district against the central government's decision of disinvestment in state-run Nalco, a party leader said. Demanding a rollback of the decision, the activists demonstrated...
