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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Reuters reported Chalco would implement “flexible production” at three alumina production lines in accordance with market conditions. Flexible production is a phrase used to refer to output cuts. The three refineries, at subsidiaries Shanxi Huaxing and Shanxi New Material in northern China’s Shanxi...
Huaxing alumina refinery, located in Shanxi province of northern China, has temporarily closed one of its production lines following an equipment accident, reported several sources on Monday, June 29. According to market estimates, the alumina production line could take 20 to 30 days to return to...
According to a recent report, Alcoa has come up with its 2021 recruitment campaign for apprentices despite the COVID-19 crisis and weak economy. The company says that it plans to recruit 24 apprentices, who will join 101 other apprentices in Western Australia alumina refineries in January 2021. The...
National Aluminium Company Limited (NALCO), recorded a Net Profit of INR 138.23 crore for FY19-20. Net turnover stood at INR 8426 crore, which has been adversely impacted by about INR2900 crore due to fall in global metal prices. However, weathering the sluggishness in the international metal...
On Tuesday, June 23, Chinese alumina market participants reported that they are keeping a close eye to Hydro’s recent power outage in Brazil to determine if the incident would cause a long-term alumina supply disruption. “Although it might impact only around 100,000 tonnes of alumina supply to the...
Hindalco is exporting more than 80 per cent of the total output to minimise inventory build-up and to absorb plant fixed costs. Countries like Korea, the USA, Malaysia, Brazil, and Japan are leading importers of these products. The demand from the domestic market is down due to the Covid-19...
Hydro’s production at Paragominas bauxite mine is at a temporary halt due to power supply cut as three power transmission towers overturned on Saturday, June 20. Repair work has started and regular power supply to Paragominas is expected to resume within the next two to three weeks. The Paragominas...
Former Indian union energy secretary EAS Sarma has appealed for an independent investigation by Anti-Corruption Bureau (ACB) and Special Enforcement Bureau (SEB) into the alleged illegal mining of bauxite in East Godavari and Visakhapatnam districts. In a letter addressed to the principal secretary...
According to a recent report, Valmec has completed the upgradation work on Australian Gas Infrastructures Group’s (AGIG) Alcoa Pinjarra Meter Stations, which supplies gas to Alcoa’s Pinjarra Alumina Refinery in Western Australia. Alcoa Pinjarra Refinery refines 4.2 million tonnes of alumina per...
On 17 th June’20, Alcoa Corporation, a global leader in bauxite, alumina and Aluminum made public that from 25 th June’20, it plans to begin the formal process for the collective dismissal of employees at its San Ciprián aluminium facility in Spain. On 28 th May ’20, Alcoa set forth an informal...
Worley has declared that it has secured a three-year services contract with Alcoa for its Australian operations consolidated in mining, refining and smelting operations. As per the contract, Worley will provide engineering and project delivery services for Alcoa’s site‐based sustaining capital...
Hindalco reported consolidated Q4 and FY20 results. The company's Utkal Alumina refinery recorded its highest-ever quarterly production of 441,000 tonnes in Q4FY20. Capacity expansion of Utkal of 500, 000 is on track and is expected to be commissioned in Q4FY21. Hindalco also announced its Muri...
Hydro has revealed a volumetric update for its business areas for April and May, ahead of the complete second-quarter financial results. The company shows it manufactured 1,760 tonnes of bauxite during April-May compared to 910 tonnes during the corresponding period last year. This means Hydro’s...
The Indonesian state-owned and public listed metal miner PT Aneka Tambang, ANTAM, aims to invest $105 million (Rp 1.5 trillion) in capital expenditure this year to build two smelter megaprojects. On 11 th June’20, Anton Herdianto, Director of Finance, Antam, said: “Most of the funds were slated for...
Rusal, the largest aluminium producer outside China, is seeking alternative routes for sourcing raw materials to its Siberian Achinsk alumina refinery as damaged rail infrastructure has interrupted supplies. Such was the news that came after Rusal reported on Wednesday, June 10. A section of...
According to a Reuters report, Aluminum Corp of China Ltd , also known as Chalco, has received a license for its 100,000-square-metre bonded bauxite warehouse in Guangxi region in southern China. The warehouse, which has a storage capacity of 1.02 million tonnes of bauxite, will store bauxite...
China’s alumina production in May stood at 5.83 million tonnes, including 5.58 million tonnes of metallurgical-grade alumina, found Shanghai Metals Market. This was up by 3.19 per cent from 5.65 million tonnes in April, which included 5.4 million tonnes of metallurgical-grade alumina. China’s daily...
Vedanta’s Alumina Refinery at Lanjigarh has boosted its precautionary measures against COVID-19 as per the guidelines of the Government and the health authorities. The plant continues to operate, securing fidelity to strict COVID-19 guidelines issued by the central and state authorities. After the...
