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’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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China’s alumina prices have stopped sliding on cost support after having trended down for the past two years due to oversupply, making imports attractive. Shanghai Metals Market (SMM)’s alumina prices have held between 2,260-2,550 yuan ($368-415) per tonne in the past month or so, comparing to...
China’s alumina imports fell 38.4% month-on-month in August, as record-high imports of bauxite tamed demand for alumina. “Policy influenced China’s alumina imports this year. [Buyers] are scrambling to import bauxite due to fears that Indonesia’s [impending] ban on raw material export will make...
Police on Friday charged six Lithuanians with the embezzlement of 19.4 million Bosnian marka ($13.4 million) from Bosnia's alumina plant Birac Zvornik, which was forced into bankruptcy and taken over by the government. The ongoing investigation has revealed tax evasion and irregular spending by the...
Alumina exports remained practically flat year-on-year in August as a reduction in volumes sent to Norway was offset by increased trade with Canada. Exports totalled 480,625 tonnes, compared with 484,733 tonnes in August 2012. Revenues for the month totalled $121.34 million, from $120.99 million a...
Data from China's General Administration of Customs showed that in August, China imported 140,000 tons alumina; January to August, the imported alumina totaled 2.03 million tons, down 37.5% compared with the same period in 2012. In August, China imported 86,209 tons unwrought aluminum; January to...
Government of Jamaica announced today the issuance of an aggregate principal amount of US$161,904,731 of its 8.50% amortizing notes due 2021. The 2021 Jamaica Notes were issued in connection with Jamaica's offer to exchange with Eligible Holders outstanding 8.50% amortizing notes due 2021 issued by...
China’s alumina imports during July totaled 234,200 mt, down 49.08% YoY. YTD imports through July were 1.88 million mt, also down 35.78% YoY, according to China Customs. China’s alumina imports in July were up from June levels, however, since falling Australian alumina prices stimulated Chinese...
After a failed bid to buy surplus alumina from National Aluminium Company (Nalco) to run its alumina smelting facility at Jharsuguda, Vedanta Aluminium Ltd (VAL) has sought the intervention of the Odisha government on the matter. With its aluminum smelter at risk, VAL wants the state government to...
National Aluminium Co (NALCO), based in Bhubaneswar, India, is planning to raise its alumina output by 19% and its alumina exports by 40% for this fiscal year, in a bid to increase dollar inflow into India’s weakening economy. With the recent decline in the value of the rupee, Asia’s third largest...
The Government of Jamaica announced today the expiration of its offer to exchange with Eligible Holders (as defined below) outstanding 8.50% amortizing notes due 2021 issued by Clarendon Alumina Production Limited and guaranteed by Jamaica for 8.50% amortizing notes due 2021 issued by Jamaica. CAP...
Iran has hiked purchases of alumina from China and India in the past two months as the country scrambles to shore up supply after the U.S. tightened sanctions on raw and semi-processed materials at the start of July. Western measures targeting Iran's disputed nuclear programme have hit many sectors...
In what would have been a win-win situation, Nalco could have channelled its surplus alumina to Anil Agarwal’s Vedanta Aluminium, which is starved of the input to make aluminium, and in the process improved its earnings as well. But severe resistance from the state-owned company’s employees’ union,...
National Aluminium Co Ltd plans to raise its alumina exports by 40 per cent to 1.4 million tonnes this fiscal year, its production chief said, helping the country increase its dollar inflow amid a plunge in the rupee. Asia's third-largest economy is looking to boost exports and lower imports of...
On July 31, 2013, The Government of Jamaica announced an offer to exchange with Eligible Holders of the 8.50% amortizing notes due 2021 issued by Clarendon Alumina Production Limited ("CAP") and guaranteed by Jamaica. Jamaica is offering to exchange any and all CAP Notes held by such Eligible...
The opposition has raised concerns about recent developments in Government's efforts to dispose of over US$400 million ($30 billion) in debt triggered by the 2004/05 alumina forward-sale agreement with global metals and energy trader Glencore International. Opposition spokesman on finance,...
China imported 230,000 mt of alumina in July, surging 156% MoM, but down 50% YoY. YTD imports through July totaled 1.88 million mt, a drop of 36% YoY, according to China Customs. Imported alumina lost its price appeal over domestic materials and supply of domestic alumina increased, leading Chinese...
Glencore is suing a Jamaican state-owned company after it awarded a lucrative contract to one of the trader’s rivals. Clarendon Alumina Production, which is owned by the Jamaican government, in June awarded a 12-year alumina supply deal to Hong Kong-based Noble Group, unseating Glencore from a...
Jamaica this week exported its first alumina shipment under a new agreement between Clarendon Alumina Production Limited (CAP) and international supply chain manager, Noble Resources Limited. The shipment left from Rocky Point in Clarendon on Wednesday. Noble Resources Limited is listed on the...
