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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Indopura to Start Building $500m Alumina Plant
Indopura Resources, a joint venture between companies from Indonesia, Singapore, and China, started the construction of its $500 million chemical grade alumina plant in Kubu, West Kalimantan, in an attempt to tap rich bauxite resources in the region. Indonesia is seeking to reap more added value...
Qld Alumina fined over destructive aerosol release
A central Queensland refinery has been fined more than $100,000 for releasing damaging aerosol spray last year. Queensland Alumina Limited (QAL) pleaded guilty in the Gladstone Magistrates Court to allowing the release of caustic aerosol spray from its refinery in November 2012. The spray damaged...
Ormet starts selling off machines, raw materials
Ormet Corp. plans to auction equipment and raw materials used in the aluminum smelting process at 10 a.m. today, according to records in the U.S. District Bankruptcy Court in Delaware. Ormet closed the Hannibal aluminum smelter in October amid high utility costs and low global metal prices. CEO...
Rio Tinto reveals it will close Gove alumina refinery in Northern Territory by July
Rio Tinto has revealed that its Gove alumina refinery in the Northern Territory will be closed by July next year, throwing more than 1,000 people out of work. The mining giant today briefed its 1,400 refinery workers on the timeline for the shutdown. In a statement, federal Industry Minister Ian...
Gove calls for government assistance as alumina refinery closure looms
The Federal Government is coming under increased pressure from the Northern Territory for offering a rescue package for Holden workers in southern states while doing little to help people hit by the looming closure of the Gove alumina refinery. Territory Labor MP Warren Snowdon says while he...
Vedanta despairing about aluminium investment in India
Leading metal makers such as ArcelorMittal and Vedanta will be keen on more work in India but for the dispiriting project delays, especially those pertaining to sanctions for mines. In an interview with Bloomberg TV, Vedanta Chairman Anil Agarwal regretted his $8-billion investment in the country's...
German company buys Burnside alumina refinery
Almatis, a German company, has purchased a Burnside alumina refinery out of bankruptcy. Details of Almatis’ purchase of the refinery, which had been owned by Ormet Corp., were not disclosed. But in November, a U.S. bankruptcy court judge in Delaware approved Almatis’ $39 million bid to buy the...
Shorten expecting blame for $50b deficit
Opposition Leader Bill Shorten says he expects Labor to be blamed by the government for an anticipated 2013/14 budget deficit of $50 billion. When the midyear financial review is released on Tuesday, it is being tipped that an extra $20 billion will have been added to Treasury's independent...
Rio Tinto pressed for details of Gove alumina refinery closure as Nhulunbuy braces for impact
Senior union officials are in Nhulunbuy in the Northern Territory to press Rio Tinto to clarify details about shutting down the Gove alumina refinery. Rio Tinto announced last month that it would be mothballing the refinery next year. Australian Manufacturing Workers Union national secretary Paul...
Vietnam’s alumina exports to China to rise further in 2014
Vietnam’s alumina exports to China were expected to rise further in 2014 as new capacity comes on stream, Shanghai Metals Market has learned. July marked the first time that China ever imported alumina from Vietnam when inbound shipments of the raw material hit 14,944 tonnes. China imported another...
Hindalco gets Neutral rating
Hindalco Industries (Hindalco) aims to produce 300-350kt of alumina from Utkal refinery (1.5mtpa alumina refinery) in FY2014 and 1mn tonne in FY2015. In case of Mahan smelter (359ktpa aluminium smelter), the company aims to produce 50-60kt in FY2014 and over 200kt of aluminium in FY2015. The...
Rio Tinto says alumina dust not cause for concern
Rio Tinto say a photo of alumina dust escaping from its Yarwun wharf this week was nothing to worry about, stating the plume posed no threat to health or the environment. Rio Tinto say a photo of alumina dust escaping from its Yarwun wharf this week was nothing to worry about, claiming the plume...
Closure of Gove will have no impact on Tiwai
The closure of Rio Tinto's Australian alumina refinery in Gove will have no effect on Southland's Tiwai Pt aluminium smelter. The mining giant, which is the majority owner of the New Zealand Aluminium Smelters, announced last week it would suspend alumina production at the Northern Territory plant...
Rio might face legal challenge from AWU on its decision to close Gove alumina refinery
The decision by mining giant Rio Tinto to close its Gove alumina refinery in the Northern Territory may face a legal challenge. Representatives of the Australian Workers Union met with Territory Chief Minister Adam Giles today to discuss the closure. The union claims Rio Tinto signed an agreement...
Carbon tax 'not to blame' for Gove closure
RIO Tinto boss Sam Walsh has said the carbon tax is not to blame for the closure of its Gove alumina refinery in the Northern Territory. Mr Walsh, speaking in Sydney today after an investor briefing, said that while the carbon tax had obviously put pressure on energy-intensive industries, it was...
AWU criticises Rio's decision to close the Gove Refinery as destructive
Rio Tinto’s decision to shut its Gove alumina refinery in the Northern Territory will destroy the region, the Australian Workers union says. AWU National Secretary Paul Howes said the decision questions Rio’s social licence to mine. "We are talking about an entire town being destroyed here, $500...
Second day of IBAAS-CHALIECO sees a number of reports on bauxite mining & aluminium
On the second day of IBAAS-CHALIECO International Symposium on Bauxite, Alumina & Aluminium in China; Russell Williams of Navasota Resources Inc. informed that they are in possession of about 700 Million to 1.5 Billion tons of high grade bauxite resources in Guinea and also discussed the ready...
Vedanta may have to wait longer for bauxite from L&T
A senior official in the Odisha government said there is no timeline for granting mining leases to two crucial mines of Larsen and Toubro Ltd (L&T), in what suggests Sesa Sterlite Ltd may have to wait longer before it gets bauxite from the construction company under a memorandum of understanding....
