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...
Grow with
AL Circle
Biggest alumina refinery operator in Greece Mytilineos anticipates 2019 sales to top 2.2 billion euros
Greek-based industrial conglomerate Mytilineos chairman said on Thursday, November 29 that the company anticipated its sales to top 2.2 billion euros in 2019 from 1.5 billion euros this year. Special mention he made about Mytilineos’ growing alumina business and new projects in Libya and Ghana...
Capital Markets Day 2018: Hydro projects a deficit aluminium market and 2-3% demand growth in 2019
Hydro will present its overall strategic direction and performance, including an update on the situation at the Alunorte alumina refinery and details on the market outlook for 2019 and the longer term at the Capital Markets Day 2018. Hydro said in the short-term it is working hard to resume full...
Saudi Arabia to increase mining revenue to US$64 billion by 2030: Energy Minister
According to a statement made by Saudi Arabia’s Energy Minister Khalid al-Falih on Monday during a mining conference in Cairo, the kingdom aims to raise its mining revenues to US$64 billion by 2030 from current US$17 billion.The kingdom has vast untapped reserves of bauxite, phosphate, gold, copper...
NALCO’s alumina refinery bags CII-Exim Bank Business Excellence Award
Alumina refinery of Navratna NALCO, located at Damanjodi in Koraput District of Odisha has received the CII-Exim Bank Business Excellence Award for the year 2018 in the Gold Plus category. The Award is based on the internationally recognized EFQM Excellence Model and is considered to be one of the...
Guinea signs deal with SMB and Winning for country’s first alumina refinery
A consortium of the Societe Miniere de Boke (SMB) and Singapore’s Winning Shipping signed an agreement on Monday, November 26, with Guinea’s government for construction of the country’s first 1 million tonne per year alumina refinery. The refinery is part of a $3 billion project to develop Guinea’s...
Shenzhen-based QME gets tepid response on its alumina spot contract launched in October
Shenzhen-based Qianhai Mercantile Exchange (QME), controlled by Hong Kong Exchanges and Clearing, which started spot trading of alumina in October, has received tepid response from market participants. The trading launch was long awaited for HKEX and its chairman Charles Li, who bought the London...
Chalco intends to buy back 50% stake in Shanxi Huaxing Aluminum
Aluminum Corporation of China Limited (Chalco), the Shanghai-listed arm of China Aluminum Group, has announced on November 21 that it would join the bidding to buy 50% stake in Shanxi Huaxing Aluminum Co. The company intends to buy back the shares from the state-owned Baotou Transportation...
China’s Xinfa exempted from winter aluminium production cuts
Xinfa Group, one of China’s top smelters, has been included on a list of exemptions for the winter heating season published by the Liaocheng Economic and Information Technology Committee and reviewed by Reuters. Subsidiaries of Xinfa, which has around 1.4 million tonnes of smelting capacity in...
University of Queensland receives grant for its study on management of red mud from alumina refineries
University of Queensland Sustainable Minerals Institute researcher Dr Tuan Nguyen has secured a fund of US$ 500,000 to develop a gel technology that will transform the way alumina refineries manage bauxite residues sustainably and economically. This mineral gel technology is expected to provide...
Nalco to bid for bauxite blocks and start merchant mining of the raw material
The state-run National Aluminium Company Limited has reportedly decided to bid at the auctions of 21 bauxite blocks to be put up for allocation by the governments of Jharkhand, Chhattisgarh, and Madhya Pradesh. According to the report, Nalco will put in bids for captive consumption and start...
State-owned Nalco announces share buyback worth INR 505 crore
On Wednesday, November 14, the state-owned National Aluminium Company Limited (Nalco) announced share buyback offer worth INR 505 crore. “The date of opening of the buyback is Tuesday, 13 November, and the date of closing of the buyback offer is Wednesday, 28 November,” National Aluminium Company...
Vedanta to invest INR 15,000 crore in Odisha to raise alumina refinery capacity
Vedanta Resources Chairman Anil Agarwal announced on Monday, November 12, about its plan to invest INR 15,000 crore for ramping up the alumina refinery capacity at Lanjigarh to 6 million tonnes per annum and firming up the downstream sector in Odisha in next three years. “The expansion of the...
Vedanta on right track to ramp up capacity at Lanjigarh alumina refinery
Vedanta Ltd’s proposal for expansion of Lanjigarh alumina refinery was recently cleared by the High-Level Clearance Authority (HLCA), the apex body to approve investments in Odisha. The company plans to expand the capacity to six million tonnes per annum from its current 1 million tonnes. “Our...
Liberty seals funding agreement for Rio’s Dunkirk aluminium smelter
British-owned Liberty, part of Sanjeev Gupta’s global GFG Alliance, has received the financing for the purchase of Aluminium Dunkirk, Europe’s largest aluminium smelter from Rio Tint. The company has entered into a committed financing agreement with a syndicate of major international banks. The...
Hydro supports ICSOBA’s 36th International Conference and Exhibition as host sponsor in Belem
On October 29 to November 1, Belem, the capital of the Para state of Brazil held the 36th International Conference and Exhibition of ICSOBA. The selection of Belem for the 36th International Conference and Exhibition followed ICSOBA’s practice of rotating the venue of International Meetings to...
China’s October alumina production grows as new capacity generates more output
According to the latest update from Shanghai Metals Market, alumina production in China increased 0.3 per cent year on year to 6.039 million tonnes in October 2018. The average daily production stood at 195,000 tonnes, down 1.7 per cent from September. China produced 58.144 million tonnes of...
Brazil federal court upholds state court decision to opearte Alunorte at 50% capacity
Brazilian federal court once again upheld a state court decision forcing Norsk Hydro to operate Alunorte alumina refinery at 50 per cent capacity, according to news reported by Reuters. The refinery has been operating at half capacity since March after state environmental authorities and the court...
EGA completes construction of bauxite residue management system at Al Taweelah alumina refinery
Emirates Global Aluminium (EGA) announced on November 4 that the bauxite waste management system is ready at its under-construction Al Taweelah alumina refinery in Khalifa Industrial Zone Abu Dhabi. This is another milestone in the preparation towards production launch of the Al Taweelah alumina...
