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...
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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Eurallumina, one of Europe’s largest alumina refineries located in the industrial area of Portovesme, South West coast of Sardinia, Italy with access to the Mediterranean Sea and two dedicated berths has its operation frozen. However, the refinery needs to overcome two hurdles in ninety days to...
Emirates Global Aluminium reported strong half-year financial performance ever. The company’s profit stood at AED 1.74 billion ($473 million in the first half of 2021. Adjusted EBITDA came in at AED 3.49 billion ($950 million), an increase of 111 per cent year-on-year. “Some 86 per cent of the...
The world-class aluminium producer, Press Metal Aluminium Holdings Bhd of Malaysia could take the advantage of the rising LME aluminium spot prices in 4Q, provided that its Samalaju Phase 3 facility is anticipated to be just weeks away from being fully operational. RHB Research pointed: “Samalaju...
The price of alumina has escalated to its highest in almost six months after a flare-up at the Jamalco refinery in Jamaica leading to the disquiet of restricted supply. On 20 th August 2021, COMEX alumina futures AALc1, assessed free-on-board (FOB) from major producer Australia, which rose to...
The largest integrated Bauxite-Alumina-Aluminium-Power complex in Asia, Nalco has sold 91,000 tonnes of metals in Q1FY22 against 71,000 of the corresponding previous year. The Indian state-run mining and metal company sold 2.86 lakh tonnes of alumina in Q1FY22. Sridhar Patra, the CMD of Nalco said:...
The year 2020 will be marked in the history of industrialization as one of the most challenging years in the modern era. The Covid-19 pandemic forced the industry and most of the people to adapt to new realities. Industries from every corner of the world were impacted by the pandemic, however, some...
Vedanta Aluminium Business has won three Gold Awards at the SEEM National Energy Management Awards (SNEMA) 2020 for excellence in energy management at its Aluminium Smelters I & II and 1215MW Captive Power Plant at Jharsuguda, Odisha. Vedanta’s 1215MW Captive Power Plant and 2400 MW Thermal Power...
Aluminium Stewardship Initiative has reportedly certified Ma’aden Aluminium against the Performance and Chain of Custody Standard Certification for its vertically integrated aluminium facilities. The news came after ASI announced that it successfully certified the Middle East-based company for its...
This week, during July 26-30, the world alumina market has encountered some of the major updates; for instance, the International Aluminium Institute reports that the world alumina production in 2Q2021 amounted to 35.625 million tonnes, reflecting a hike of 3.93 per cent from 34.278 million tonnes...
Aughinish Alumina refinery, one of the most technologically advanced and energy-efficient facilities worldwide have secured EU funding to help reduce its carbon footprint. However, the European Union funding amount to diminish carbon emission remains undisclosed as of now. The Limerick-based...
On Tuesday, July 27, Rusal announced in its second quarter operating results that its bauxite production stood at 3.836 million tonnes, recording an increase of 0.9 per cent from 3.801 million tonnes in Q1 2021. In H1 2021, Rusal’s bauxite production totalled 7.637 million tonnes, up 2.3 per cent...
Mining company South32 published alumina production of 1.4 million tonnes in Q4 FY21, an increase of 17 per cent quarter-on-quarter. Alumina output was 5.36 million tonnes in FY21, compared to 5.26 million tonnes in FY20, up 2 per cent year-on-year. Worsley Alumina saleable production increased by...
The past week saw Rio Tinto announcing its production results for the second quarter. Rio Tinto’s alumina production stood at 2.0 million tonnes in the second quarter of 2021, 1% higher than the corresponding period of 2020, reflecting strong operational performance at the refineries. Aluminium...
The global resources company founded by a group of experienced and largely American natural resources investors, Concord Resources Holdings Limited has acquired the majority ownership in New Day’s principal holdings, which include its Noranda Alumina refinery and NICHE Chemical non-metallurgical...
India’s largest producer of aluminium and value-added products, Vedanta has recycled 16.5 billion litres of water in FY 20-21, capitalizing technology for focused control and monitoring of water consumption. The water-saving projects covering its Aluminium smelters, Alumina refinery and Power...
On 11th July 2021, Emirates Global Aluminium earmarked the 100th shipload of bauxite exported from Guinea, since the company’s initiation in August 2019 from its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation. The UAE based aluminium company, EGA uses Capesize vessels to...
News that has topped the headline this week under the alumina sector is Altech Chemicals Limited’s establishment of its own research and development laboratory in Perth, Western Australia. The news came after the company itself announced it on Monday, July 5. The establishment was smoothly...
According to the data released on Monday, July 5, by Brazil’s economy ministry, alumina exports from Brazil reflected a rise in June after registering a decline last month. In June, Brazil exported 816,785 tonnes of alumina, up by 20.13 per cent year-on-year from 679,916 tonnes. On a month-on-month...
