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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Hundreds of jobs at stake as Alcan holds sell-off talks
TALKS are under way in the hope of securing the future of one of the biggest employers in south east Northumberland. Bosses at Rio Tinto Alcan in Lynemouth are in discussions with two companies interested in buying its aluminium smelter and power station in separate deals. The potential sales could...
Emal awards air quality control contract
Emirates Aluminium Company (Emal) has awarded Alstom a contract to provide air quality control equipment for the second phase of its aluminium smelter in the Al Taweelah industrial zone, Abu Dhabi. Alstom will design, engineer, supply, install and commission two Gas Treatment Plants and one Fume...
Glencore Aluminium Business - Seeking New Contracts In Gulf
Glencore International PLC (GLEN.LN) is seeking to build out its aluminium marketing business, pursuing contracts with new aluminium smelters starting production in the Middle East, it said Thursday. "We will continue to seek long-term purchase and supply contracts with existing counterparties, the...
Glencore Alumina Business Grows, Seeking New Contracts In Gulf
London-listed miner and commodities trader Glencore International PLC (GLEN.LN) is seeking to build out its alumina marketing business, including pursuing contracts with new aluminum smelters starting production in the Middle East, it said Thursday. "We will continue to seek long-term purchase and...
Qatalum uses HMR’s Tapping System
All liquid aluminium from the potrooms to the casthouse at Qatalum aluminium plant in Qatar is transported by a complete tapping system, delivered by Norwegian company HMR Hydeq. An agreement with Fata of Italy, which was Qatalum’s main casthouse contractor, includes 12 tapping vehicles with the...
Hindalco likely to delay fund raising for aluminium refinery
Hindalco Industries, the metal products manufacturing arm of the Aditya Birla Group, has decided to delay the financial closure of the Rs 7,800 crore Aditya Alumunium refinery project due to uncertain market conditions. D Bhattacharya, managing director, said the markets were not favourable to...
Casthouse Planner
SNC-Lavalin is one of the world’s leading engineering and construction groups, and a major player in infrastructure ownership and in the provision of operations and maintenance services. The SNC-Lavalin companies have offices across Canada and in 35 other countries around the world, and are...
Hindalco plans to raise Rs 8,000 crore
Hindalco Industries, the metals flagship of the Aditya Birla group, plans to raise around Rs 8,000 crore of debt amid volatility in the global markets and rising borrowing costs in the Indian market. This debt will be used to part fund its Aditya Alumunium refinery project and a captive power plant...
Nalco plans to invest Rs 58k cr on expansion by 2020
State-owned aluminium producer Nalco plans to invest Rs 57,903 crore by 2020 on expansion, including the setting up of two large aluminium smelters in India and abroad. The Navratna firm would invest Rs 16,500 crore in Indonesia for setting up a 5 million tonne (MT) smelter, with 1,250 MW power...
DUBAL provides business experience to 40 students
For 40 UAE National students enrolled at secondary and tertiary educational institutes across the country, the summer of 2011 has been a period of continued learning and personal development. The reason being that the youngsters participated in the annual Summer Training Programme hosted by Dubai...
Indian markets lose further ground
Aluminium stocks are trading in the red with the key losers being Hindalco and Nalco. Hindalco Industries may see a rise in production costs in its upcoming aluminium project in Mahan in Madhya Pradesh. This is because the Mahan coal block from where the company is supposed to draw coal for its...
VHE Win Contract to Refurbish Rodding Plant at Alcan's Aluminium Smelter in Iceland
VHE of Iceland has been awarded a major contract for the modification and refurbishment of the rodding plant at ISAL Rio Tinto Alcan's aluminum smelter in Iceland. The IPU Project, ISAL Production Upgrade will increase the amperage to 181 kA in Lines 1 and 2 of ISAL's three line Alusuisse EPT-10/12...
England aluminum complex ponders switch to biomass power
Faced with increasing pressure to reduce emissions, the Rio Tinto Alcan Lynemouth Aluminum Smelter, located in Northeast England’s village of Lynemouth, is considering a switch from coal power to biomass at its on-site 420-megawatt (MW) power station. The power station produces enough electricity...
How $3.2b ALSCON was sold for $130m – BFI Group
Fresh facts have emerged on how government-owned Aluminium Smelting Company of Nigeria (ALSCON) Ikot Abasi, Akwa Ibom State, set up with $3.2 billion, was sold to a Russian firm, Russal, for a paltry $130 million. This was disclosed to the Senate Ad-hoc Committee probe panel led by Senator Ahmad...
Hindalco Project - Hirakud
Hirakud Smelter Expansion: The Smelter expansion at Hirakud from 155 KTPA to 161 KTPA was completed in Q4 FY11. A further expansion from 161 KTPA to 213 KTPA, along with a 100 MW Captive Power Plant [CPP] will be commissioned in early 2012. The next phase of expansion of the Smelter from the...
Schoeck ComBAR reinforcement chosen for Ras Az Zawr aluminum smelter project in Saudi Arabia
Following the success with other comparable regional projects such as Qatalum in Qatar and Dubal in the UAE, Schoeck ME FZE will be supplying their ComBAR fiberglass reinforcement bars to the Ras Az Zawr aluminum smelter project in Jubail of Saudi Arabia.
Sohar Aluminum Celebrates Completing 1 Million Ton of Production
Dr. Hilal bin Abdullah al Hinai, General Manager of Human Resources and Corporate Affairs at Sohar Aluminum Company said in a statement to Oman News Agency (ONA) that Sohar Aluminum Company will celebrate next Saturday completing 1 million ton of Aluminum from the smelter, which started production...
Hindalco's Mahan project faces risk of cost spike
Hindalco Industries, the Aditya Birla Group flagship, faces a surge in production cost at its upcoming aluminium project in Mahan, Madhya Pradesh. The company is building a 359 kilo tonne per annum (ktpa) aluminium smelter and a 750 megawatt (mw) plant as a captive source, slated to be operational...
