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's bauxite reserves to attract more than INR 30,000 cr in next few years
It may be early yet, but there seems to be signs of revival in big ticket investment in Odisha's aluminium sector. If recent announcements are anything to go by, the state, home to more than half of India's bauxite reserves, is poised to attract investment worth well over INR 30,000 crore in the...
Workers at QAL's Barney Point refinery axed as alumina price hits 25-year low
The critically low alumina price in the interational market has forced Queensland Alumina Limited to axe workers from its Barney Point refinery. The company did not disclose the number of people made redundant, but did say they were in 'support' roles. "As a result of significant pressure on the...
Nalco to invest INR 20,550 cr for expansion of alumina refinery
Odisha-based Navratna PSE Nalco has announced investment of INR 20,550 crore for expansion of its alumina refinery at Damanjodi and setting up an aluminium park at Angul in the state. "Since the entire value chain of Nalco, starting from bauxite mining to aluminium making is based in Odisha, our...
Rusal to sell Alpart bauxite-alumina plant to Chinese company
Owners of UC Rusal have signed an agreement with a Chinese firm for the purchase of Alumina Partners of Jamaica (ALPART), a bauxite mining and alumina processing plant located at Nain, St Elizabeth, in the south of Jamaica. Reliable sources said on Thursday that – in a process likely to be...
South32 warns of job cuts at its Worsley alumina refinery
South32 has warned of job losses at its Worsley alumina operation in the South West after announcing big staffing cuts at its South African manganese operation and flagging a writedown of $US1.7 billion. The BHP spin-off employs about 1800 workers at its bauxite mine near Boddington, its alumina...
Nalco to scan sites in Iran, Qatar for smelter unit next month
State-owned aluminium maker Nalco will send a team of officials to Iran, Qatar and Oman as early as next month to explore opportunities for setting up a gas-based thermal power plant and an aluminium smelter. Previously, the over $2-billion project was slated to come up at one of the specially...
China alumina refineries slash 9.1 mt/y capacity since Nov 2015
Large alumina refineries in China have begun to slash output due to rock bottom prices of aluminium, which has 80% of the country's domestic alumina industry operating with negative cashflow, state-backed research house Antaike said on Friday. "Domestic alumina refineries have halted 9.10-million...
Noranda announces cost-reduction and other strategic measures for its upstream business
Noranda Aluminum Holding Corporation has announced actions principally designed to reduce costs in the company's integrated upstream aluminium business, which comprises its bauxite mining operation in Jamaica, its alumina refinery in Gramercy, Louisiana, and its primary aluminium smelter in New...
Shanxi top alumina producer likely to shut down
Speculations are all over that Chalco (Shanxi), Shanxi’s top alumina producer, has submitted to the local government a report titled “Report on Production Cuts or Complete Shutdown at Chalco (Shanxi)." An official surnamed Li at Chalco (Shanxi) confirmed that the company has submitted this report...
Alcoa to curtail remaining capacity at Pt. Comfort alumina refinery
Lightweight metals leader Alcoa has announced it is taking further action to increase the competitiveness of its Upstream business amid prevailing market conditions. In 2015, the Midwest transaction aluminium price dropped approximately 30 percent, and the alumina price Index fell approximately 40...
Alcoa refineries safe from WA bushfire
Metals giant Alcoa says its West Australian alumina refining operations have not been affected by the Waroona bushfire. However, its Alcoa Farmlands business has sustained some damage as a result of the fire. The Farmlands offices, comprising two buildings, south of Hamel, have been destroyed and...
Vedanta alumina refinery gets pollution board's nod for expansion
The Odisha Pollution Control Board (OPCB) has extended, for another five years, the consent to establish period for expansion of Vedanta alumina refinery project which is facing huge losses due to raw material shortages. The pollution board has extended the consent period till February 15, 2020 for...
Uncertainty looms over Anrak Aluminium's INR 7,000 cr alumina refinery
A big question mark hangs over the future of Anrak Aluminium's Rachapalli alumina refinery located in Makavarapalem Mandal, about 90-km from Vishkhakhapatnam. With the Andhra Pradesh Government announcing the cancellation of the bauxite supply agreement that it had with Anrak Aluminium Limited, the...
Indonesia's Antam signs MoU with Chinalco for Mempawah alumina refinery
Indonesian minerals miner Aneka Tambang has signed a memorandum of understanding with Aluminum Corporation of China to develop a smelter-grade alumina refinery in Mempawah, West Kalimantan, the company said in a statement late on Wednesday. The move is aimed at integrating the production process....
Government allocates Pottangi mines to Nalco, shares gain over 1%
Pottangi mines located in Odhisa has been allocated to state-run aluminium producer Nalco for manufacturing one MTPA alumina refinery by 2020. This was informed by Vishnu Deo Sai, Minister of State for Steel and Mines. The alumina refinery (stream-5) will come up at Damanjodi, Koraput district in...
Around $10 million cut out of Rio Tinto's Gladstone alumina refineries
Profits seem to have gone missing from Rio Tinto's Gladstone alumina refineries and it is the contractors who are being squeezed to turn that around. Yarwun and Queensland Alumina Limited Contractors and suppliers will be worse off about $10 million through a re-tendering process that will look to...
Chalco to sell 50% stake in Shanxi Huaxing Aluminum for $364 million
Chalco plans to sell 50% stake in Shanxi Huaxing Aluminum Co. for at least 2.35 billion yuan ($364 million), the company said in a statement filed to the Shanghai Stock Exchange on December 9. Chalco added that the move aims to draw strategic investors to jointly build its...
Nalco teams up with Gujarat Alkalies for a caustic soda plant at Dahej
Aluminium major National Aluminium Corporation (Nalco) on Tuesday launched a joint venture with Gujarat Alkalies and Chemicals Limited (GACL) to set up a caustic soda plant at an investment of Rs 1,800 crore, an official source said. The two firms will come together to set up a caustic soda plant...
