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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Giles' visit to Gove depends on Rio Tinto
"The fate of Nhulunbuy continues to hang in the balance as the Northern Territory government and opposition trade barbs over who is responsible for the escalation of the situation. Leader of the Labor opposition, Delia Lawrie, on Tuesday called for a censure motion of the government over the issue....
Alumina Limited downgraded to "underperform"
Alumina Limited was downgraded by equities research analysts at Bank of America Corp. to an “underperform” rating in a research note issued to investors on Monday, Stock Ratings Network reports. Alumina Limited traded down 3.79% during mid-day trading on Monday, hitting $3.55. 65,987 shares of the...
Hongqiao negotiates with Indonesian Government to export bauxite with tax exemptions
Leading aluminium producer China Hongqiao Group Ltd. is negotiating with Indonesian government to allow it export bauxite with tax exemptions. Hongqiao Group, which hopes to export 10-12 million tons of bauxite from Indonesia over the next 5-8 years, has commenced negotiation with the Indonesian...
Uncertainty looms over Vedanta plan
With the verdict in the first-ever environmental referendum being conducted on bauxite mining in Niyamgiri hills on the directive of the Supreme Court written on the wall, uncertainty clouds the future of Vedanta Aluminium Limited (VAL)’s INR 40,000-crore investment plan in Odisha. Eleven palli...
Hongqiao smelter reports profits drop
China’s third largest smelter, Hongqiao, has announced a 1.1% drop in year-on-year net profits to HK$3.53 billion. Chief executive Zhang Bo says that China’s second phase of rationalization has begun and argues that the indigenous aluminium industry is now facing stiff competition from imports,...
Alcoa's RopeCon system makes Jamalco bauxite accessible
High above the plateau at Jamaica’s Mount Oliphant is a technology that would traditionally be more at home in a ski resort than at a bauxite mine in the Caribbean. An almost silent 3.4km-long Rope Conveyor (RopeCon) system whirls overhead, transporting bauxite from Alcoa’s South Manchester mine...
Alcoa Australia fined for alumina dust pollution in Perth
Alcoa Australia was fined $27,500 in Perth Magistrates Court last week for allowing dust from its alumina refinery facility in Wagerup to escape from its boundary into the environment. The court was told dust from Alcoa’s residue disposal area crossed over the boundary of the site into the...
Alcoa welcomes Govt's decision to extend Wagerup refinery's environmental licence
Alcoa welcomes the Environment Minister's announcement today to amend the Wagerup refinery's environmental licence to increase the refinery's annual production limit from 2.6 to 2.65 million tonnes a year. This is not an expansion of the refinery. An increase in the production limit by 50,000...
Hindalco's 1st quarter earning up; to review new investments
Hindalco Industries today reported an 11.61 per cent growth in standalone net profit to INR 474 crore for the first quarter ended June 30, largely due to an increase in other income. The flagship firm of the Aditya Birla group had posted a profit of INR 424.77 crore in the corresponding period of...
Vale updates alumina and aluminium division
In Q2 2013, Vale's bauxite extraction was 2.8% higher than in Q2 2012 and 6.0% higher than in Q1 2013 as a result of increased alumina production. Alumina production increased 8.5% against Q2 2012 which experienced processing issues and slightly decreased against Q1 2013. Internal consumption of...
Gove alumina refinery future in doubt as Rio Tinto drops sale plan for PAL
The future of the Gove alumina refinery is again in doubt following the announcement by mining giant Rio Tinto that it is reintegrating its subsidiary Pacific Aluminium in the parent company because it could not sell it for a good price. The Northern Territory Government says it believes the move...
Former Northern Territory CM Terry Mills slams Giles on gas deal change
Former Northern Territory Chief Minister Terry Mills says his successor is risking the Territory's future energy supply by reneging on the gas to Gove deal. Chief Minister Adam Giles last month halved the previous offer of gas to Rio Tinto subsidiary Pacific Aluminium, which operates the Gove...
Residents fear potential health hazards in Alcoa refinery expansion
Residents who have campaigned against a south-west Western Australian alumina refinery say a decision to allow the facility to increase production is "another nail in the coffin" for the town of Yarloop. Environment Minister Albert Jacob has dismissed appeals against Alcoa's application to increase...
Production increase approved for Alcoa's Wagerup refinery
Alcoa has been given the go ahead for a planned production increase at its Wagerup alumina refinery in Western Australia, despite the health fears of local residents. Nine appeals were lodged against the upgrade of the plant, with residents in the nearby towns of Yarloop and Waroona saying odour...
Vedanta to discuss bauxite mining issue with Odisha government
After more than half the gram sabhas in the tribal villages opposed bauxite mining in the Niyamgiri hills, Vedanta Aluminium said on Monday that it will discuss the fallout with the Odhisa government soon, but will continue to operate the plant by sourcing raw material from other sources. "Our...
Bauxite out of bounds, Vedanta now turns to laterite deposits
With hopes of mining bauxite in Niymagiri hills virtually dashed, Vedanta Aluminum Limited (VAL) is now eyeing laterite deposits in Rayagada district for raw material for its Lanjigarh refinery. The company sought permission for extracting laterite deposits at Sagabari, Panabara and Arotokoni...
Inalum takeover to be finalised in October
Indonesia announced that it has bought Nippon Asahan Aluminium’s majority shareholding in Indonesia Asahan Aluminium. The deal will be finalised later in the year. The plan is to take over Nippon’s 58.88% stake in the business when the contract ends in October 2013. Currently, the Indonesian...
Center to scrutinize 22 major projects in Odisha
The project monitoring group of the Cabinet secretariat will scrutinize the progress of 22 large projects in Odisha across sectors like coal, mining, steel, petrochemicals, Railways and power on Friday. A 10-member team led by Anil Swaroop, additional secretary, Cabinet secretariat, will negotiate...
