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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Nalco to invest Rs300 crore in nuclear project by March
National Aluminium Co Ltd (Nalco) will start investing equity into its joint venture with Nuclear Power Corporation of India Ltd (NPCIL) from the current quarter. Nalco would invest Rs300 crore this quarter in the JV, which was signed in November 2010 to set up nuclear plants in the country. Under...
GUINEA: Foreign Firms Scramble for Iron, Bauxite
Environmentalists have reacted with guarded caution to announcements of new plans to mine more bauxite and iron in Guinea. The plans were released after conclusion of the International Forum on the Mining Sector (FISM) held in this West African country last month. Guinea Ecologie, the only...
National Aluminium Co Plans INR23 Bln Capex For Next Fiscal Year
India's state-run National Aluminium Co. Ltd. (532234.BY) has planned a capital expenditure of INR23 billion for the financial year beginning April 1, its chairman said on the ET Now television channel. B.L. Bagra said the major chunk of investment would go to building a nuclear power generation...
Maaden Alcoa refinery work gathers pace
The Maaden Alcoa aluminum joint venture announced that it had poured the first concrete in the construction of the region's first alumina refinery at the fully integrated aluminum complex at Ras Al-Khair. Once complete, the refinery will initially produce 1.8 million metric tons of smelter-grade...
Fitch rates Vedanta Aluminium's proposed NCD at 'Fitch A-(ind)(exp)'
Fitch Ratings has assigned India-based Vedanta Aluminium Ltd's (VAL) proposed INR60bn non-convertible debentures (NCDs) a 'Fitch A-(ind)(exp)' rating. A list of VAL's outstanding ratings (including the above) is provided at the end of the commentary. The ratings benefit from VAL's strong linkages...
Fitch Affirms Clarendon Alumina Production's FC & LC IDRs at 'B-'; Outlook Stable
Fitch Ratings has affirmed Clarendon Alumina Production Limited's (CAP) foreign and local currency Issuer Default Ratings (IDRs) at 'B-'. The Rating Outlook is Stable. Fitch has also affirmed CAP's USD200 million 8.5% unsecured notes due November 2021 at 'B-/RR4'. The notes continue to be supported...
ENRC overcomes production problems
The final quarter of 2011 was a bit of a mixed bag for mining giant ENRC, with unexpected maintenance breaks reducing output of of ferro-alloys and iron ore, though other parts of the business were firing on all cylinders. The group's Alumina and Aluminium, and Energy Divisions in Kazakhstan...
SADIF Analytics upgraded Alumina Limited (ADR) to Average
SADIF-Investment Analytics has applied its StockMarks™ stock-rating system to Alumina Limited (ADR) and produced a Rating Update Report, rating the company's attractiveness to long-term investors. Ilhavo, Portugal – SADIF Investment Analytics, announces a new Rating Update Report covering Alumina...
Vendanta to meet MoEF officials regarding Orissa refinery
Vedanta Aluminium plans to meet officials of the environment ministry "soon" to chalk out its strategy related to expansion of alumina refinery in Orissa, following rejection of its review petition by the Orissa high court last week. "There is no stricture against us by the (Orissa) High Court....
New alert over Rio Tinto threat to Great Barrier Reef
RIO Tinto's $1.4 billion bauxite mine expansion on Cape York has become the latest flash point over the threats caused by increased shipping in the Great Barrier Reef due to the mining boom. The federal government has been forced to reopen consideration of Rio Tinto's South of Embley project and...
HC dashes Vedanta hopes to expand refinery
The Orissa high court on Thursday rejected the petition of Vedanta Aluminum Ltd (VAL), seeking to recall the court's order of stopping the expansion of its Lanjigarh refinery project in Kalahandi district. The Orissa high court on July 19, 2011 had rejected the company's plea for a six-fold...
Anrak in talks with Glencore to source bauxite ore
Anrak Aluminium Limited (AAL) which is in trouble due to moratorium imposed on clearances for bauxite mining in scheduled areas of Visakhapatnam, is reportedly planning to source bauxite ore through Glencore – world's leading commodity trader. AAL, floated by Penna Group and Ras Al Khaimah...
Alcoa to cut production by mid-year, Jamaican impact unclear
Alcoa said Thursday that it would cut production capacity worldwide but there is yet no indication that Jamaica is to be affected. The American company plans to "close down or curtail" 531,000 metric tonnes of smelting capacity, which includes shutting down one plant in Tennessee and idling two of...
Multi-Fuel Cogeneration at Australia's Worsley Alumina Refinery on Track for Completion
Researched by Industrial Info Resources Australia (Perth, Australia) -- BHP Billiton Limited BHP -1.27% (Melbourne, Australia) and its subsidiary Worsley Alumina Pty Limited are continuing with construction on the $2.2 billion Worsley Alumina Refinery expansion near Collie, in Western Australia....
Global Alumina Announces Joint Venture Budget Approval
Global Alumina Corporation (TSX: GLA.U) (the "Company" or "Global Alumina"), a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the "Project"), announced today that the joint venture...
GMDC gets Gujarat government's nod for 3 joint ventures
The state-run Gujarat Mineral Development Corporation (GMDC) on Wednesday said three joint venture projects proposed by it had been approved by the Gujarat government. "We have got government's nod recently to set up three JV projects. The land has already been acquired for two of these projects by...
Vedanta's Orissa alumina refinery facing bauxite shortage
The one million tonne per annum capacity refinery at Lanjigarh, some 600 km from here, has been running at about 50 percent of its capacity since it was commissioned in August 2007. There are multiple reasons for this, Kumar said. "Several mines in Orissa and Andhra Pradesh have stopped operations...
Achievement of NALCO in 2011
NALCO signed a MoU with Indian Rare earths ltd a PSU under Department of Atomic Energy, for making value added products from beach sand minerals, which would subsequently be used for making titanium and allied products. The MoU was signed by CMD of NALCO and CMD of IREL in Bhubaneswar, on January...
