Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
China’s 45Mt aluminium cap pushes producers overseas as global dominance grows
China’s aluminium industry is running close to its limits in 2026. As Shanghai aluminium prices near a three-month high, historically low raw material costs and strong smelter margins encourage producers to operate at maximum capacity. National aluminium output remains above Beijing’s...
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EMAL extends SAP for Phase Two expansion
Emirates Aluminium Company (EMAL) is set to support its $4.5 billion Phase Two expansion with enhanced support and applications from SAP. The company, one of the largest and most productive single-site aluminium smelters in the world, announced in July that it is to expand production and improve...
Bosnia's Aluminij Mostar exports up 23 pct in H1
Bosnia's sole aluminium smelter Aluminij Mostar increased exports in the first half of 2011 by 23.2 percent on a year earlier to 240 million Bosnian marka ($170 million), its general manager said on Friday. "The plan for exports in the second half of this year is about the same as the results from...
Rusal signs Gas Treatment Centre contract
Solios Environnement, a Fives Solios group, has signed an amendment contract with UC Rusal for the design, manufacturing and delivery of Gas Treatment Centers (GTC) to the Taishet (TaAZ) and Boguchany (BoAZ) aluminium smelters in Russia. The construction of the two modern smelters were put on...
Update-Chalco Liancheng Aluminum Co. puts 500KA pot into production
Chalco Liancheng Aluminum Co. announced it is putting its newly-constructed 500 KA pre-baked aluminium reduction pots into production as part of its expansion project.To date the company has put 65% of the newly-built reduction pots into production and completed the commissioning of its second...
NALCO continues output cut as coal supply stays thin
The state-run National Aluminium Company Ltd continued to cut its daily aluminium output by ten percent because of the prevailing coal crisis, a senior company official said Thursday. The production cut at its smelter in Orissa's Angul town, about 160 km from here, is likely to continue for some...
Off-spec billet prompts shutdown at ABI
Alcoa Inc.’s ABI smelter in Bécancour, Quebec, has halted billet production as it seeks to resolve off-grade metal production problems. "We are experiencing technical issues at the ABI smelter in Quebec and have stopped producing billet while we work to resolve the situation," an Alcoa spokesman...
Indonesia says UAE to invest $9.5 bln in aluminium smelters
The United Arab Emirates plans to invest $9.5 billion in aluminium smelters in Indonesia's Kalimantan region, Indonesia's ambassador to the UAE said on Wednesday. "Emirates Alumunium will invest $4 billion in West Kalimantan to build an alumunium smelter and a power plant...Ras Al Khaima Investment...
'No decision' over Alcan smelting plant in Lynemouth
Owners of an aluminium smelting plant facing closure in Northumberland say no decision has been taken on its future. Rio Tinto, which owns the Alcan plant at Lynemouth, says it will try to sell the plant but might have to close if a buyer does not come forward. The company is putting a task force...
Alcoa drops Iceland smelter plan
Alcoa , the largest U.S. aluminum producer, has dropped long-held plans to develop a new smelter in Iceland, saying on Monday it had decided it could not get long-term, cheap power for the project. The decision to cancel the smelter will be a blow to Iceland, still recovering from a deep recession...
Alcoa and Saudi co. get funding for joint venture
Alcoa Inc. and the Saudi Arabian mining company Ma'aden said Sunday that their $10.8 billion aluminum joint venture signed financing agreements worth nearly a billion dollars. Ma'aden Bauxite and Alumina Co.'s agreements with 13 local and international banks include a combination of conventional...
MEC Coal to feed Indian aluminium smelter
National Aluminium Co, India's third-largest producer of the metal, said it agreed to buy coal from MEC Coal for its planned US$4 billion smelter and power plant in Indonesia. The state-run Indian company is also likely to acquire a 24 per cent stake in the Indonesian miner, National Aluminium...
Orbite Ramps up Alumina Production
In another milestone for its Cap-Chat plant achieved again on schedule, Exploration Orbite CA:ORT.A +20.90% is pleased to announce that the production mode of alumina has shifted from a batch process to semi-continuous process. This clear and significant acceleration in production will allow the...
Nalco's rush to put an end to its smelter troubles
The long search of an ideal site for building a new 500,000-tonne smelter by National Aluminium Company (Nalco) is a statement of the many hurdles to be overcome to make good use of available natural resources in Orissa. The point not to be missed here is the experience of a company, 87.15 per cent...
China bank to invest $1.43 bln in Russian smelter-VEB
Russian state bank VEB will sign a deal with China Development Bank (CDB) under which CDB will provide $1.43 billion for building the first stage of UC RUSAL's 750,000-tonne Taishet aluminium smelter, VEB head Vladimir Dmitriev said. The deal, to be signed on Tuesday during a visit by Prime...
Vedanta Q2 aluminium output falls
Vedanta Resources Plc fiscal Q2 output at its Tuticorin smelter rose 28% while aluminum production fell 8%. Vedanta said that aluminum output fell 8% to 149,000 tonnes. London based Vedanta is in the final stage of completing its purchase of a majority stake in Cairn India Limited which will give...
IIFL recommends ‘Add’ on Hindalco Industries
IIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, recommends ‘Add’ on Hindalco Industries given the high margin of safety and relatively higher earnings visibility. At recent site visits at Hindalco’s aluminium plant at...
Rio Tinto Alcan awards tapping contract to HMR
Rio Tinto Alcan has signed a contract with Norwegian company HMR Hydeq. HMR will deliver a complete tapping system for the expansion of production capacity at the Alcan Iceland smelter in Straumsvik, Iceland. The agreement includes five tapping vehicles with the crucible cleaner and other auxiliary...
NALCO to attain full aluminum production level by October
With coal supply well on the path of recovery, National Aluminum Company Limited announced that it was all set to achieve full production levels by the end of October. Mr BL Bagra CMD of Nalco said that the aluminum major has started rebuilding on production stock as supplies have resumed from...
