Storvik and Charl-Pol have launched Alumotion to bring proven robotic solutions, local engineering and lifecycle support closer to Canada's aluminium smelters. Canadian aluminium smelters are set to gain a new source of automation expertise as Storvik and Canadian technology company Charl-Pol...
The US Department of Justice has urged a court to dismiss Oklahoma Attorney General Gentner Drummond’s lawsuit filed on the proposed USD 4 billion Oklahoma aluminium smelter, arguing that the project would strengthen national and economic security. The move comes as the joint venture of Emirates...
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Aluminium producer Dubal has floated a tender for the third phase of a plant-wide upgrade of its air-conditoning units. The work will include all associated ducting, design, installation, cladding and integration of new units with existing ones. Dubal said that it is seeking bids from companies...
A western Kentucky electric utility is telling customers their rates will increase by more than 20 percent after its power supplier lost its biggest customer, an aluminum smelter. Jackson Purchase Energy Corp. is telling ratepayers their electric bills will increase by an average of about $22 a...
Ormet Corp is negotiating with its equity owner for additional liquidity to keep remaining aluminum operations running, after shutting down two potlines late last week, a spokesman at the U.S aluminum producer said on Monday. On August 1, the Hannibal, Ohio-based company began shutting two of the...
Hertwich Engineering has commissioned a batch homogenizing furnace and a cooling station at Dubal (United Arab Emirates), the homogenizing plant being the third of its kind to be commissioned by Hertwich within the aluminium smelter complex. Such batch homogenizing furnaces are designed for...
Aluminium contributes nearly 75% to company’s profit Hindalco Industries will be producing around 3 million tonnes of alumina and 1 million tonne of aluminium from 2014, as production from the company’s Mahan and Utkal Alumina will come on-stream. Mahan aluminium smelter, in Madhya Pradesh, is...
Proposed rule changes for industrial metals warehouses and increased scrutiny by regulators are likely to unleash stored aluminium, adding to the global surplus and forcing more smelters to shut. The new rules will slash the profitability of financing deals that have locked up metal in London Metal...
The mainland's overcapacity-afflicted aluminium smelting industry could soon see a widespread shutdown of uncompetitive plants partly because of more cost-competitive imports, according to the chief of the country's third-largest smelter. "The second phase of industry rationalisation is already...
The Kentucky Public Service Commission has approved an agreement that allows a large western Kentucky aluminum smelter to end its contract with a utility and begin buying electricity on the open market. The Century Aluminum smelter in Hawesville was Big Rivers Electric Corp.'s biggest customer. The...
Alcoa today announced that it will close or curtail 164,000 metric tons (mt) of smelting capacity in the United States and Brazil as part of its smelting capacity review that was announced in May. One potline representing 40,000 metric tons at the Massena East plant in New York will be permanently...
Hindalco Industries Ltd, India’s second largest aluminium producer, wants to consolidate its existing and new operations rather than rush to buy mines overseas, a strategy that stands in contrast to plans of other metal companies that believe that falling commodity prices present a good opportunity...
Hindalco Industries, the manufacturer of non-ferrous metals would save nearly Rs 150 crore of interest payment on annual basis following refinancing of Utkal alumina project, Managing Director, D Bhattacharya told CNBC-TV18. The Aditya Birla group company refinanced Rs 4700 crore loan from State...
The only reason the Government offered $30 million to Rio Tinto to keep the Bluff aluminium smelter open was because it is such a large part of the economy, Prime Minister John Key says. Asked at his weekly press conference why the Government hadn't supported other industries threatening to close,...
An aluminium boom in China is causing some concern for our future. After a year of negotiations Meridian Energy and New Zealand Aluminium Smelters have agreed to terms. The two have settled on an electricity price for the next 17 years, although there are get out clauses and options for NZAS to...
Eskom has finally owned up to the full liability it faces as a result of preferential deals to supply cheap power to BHP Billiton’s aluminium smelters, putting it at a stunning R11.5bn in its latest financial statements — double that stated in previous years. In last year’s statements, Eskom put...
Meridian Energy has posted a 53 percent increase in underlying net profit after tax of $162.7 million, but has had to write down the total value of its assets by $476m after renegotiating the Tiwai Point aluminium smelter power deal. The new deal, announced last week, gives the smelter cheaper...
NZ Finance Minister Bill English was transparent about the reasons for injecting $30 million into the Tiwai Point aluminium smelter. Not known as a champion of government intervention, especially when it involves injecting taxpayers' money into struggling businesses, English said the deal would...
Rio Tinto has scrapped plans to sell its Pacific Aluminium division, blaming tough market conditions after reporting first-half underlying earnings down almost a fifth on last year. Rio has been trying to divest the business, which is comprised of its Australasian aluminium smelters and the Gove...
Meridian Energy has had to give up previously negotiated price increases and the government has chipped in with a $30 million ""incentive payment"" to keep the Tiwai Pt aluminium smelter open until at least January 2017. Meridian chief executive Mark Binns announced the deal in a statement to the...
