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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Kalimantan’s $5.6b Smelter To Operate in 2012: Official
Operations at Dubai-based MEC Holdings’ aluminum smelter in East Kalimantan are expected to start as soon as next year, a local government official said on Wednesday. Construction of the $5.6 billion smelter, a joint venture between MEC and India’s second-largest aluminum producer, Nalco, began in...
Dubai firm to develop $5.6b smelting project
East Kutai regent Isran Noor said Wednesday that a Dubai-based company and an Indian aluminum producer had started the development of an aluminum smelter in Muara Wahau, East Kutai, East Kalimantan. In addition to the smelter, the two companies — Mineral, Energy, Commodities (MEC) Coal and National...
Unwrought aluminum stocks 1 million tonnes in June - IAI
Western world unwrought aluminum stocks dropped to 1.474 million tonnes in June compared with a revised 1.573 million in May. Provisional data from International Aluminum Institute figures showed that unwrought stocks stood at 1.190 million tonnes in June 2010. Total aluminum smelter stocks...
Norsk Hydro Eyes Sunndal Restart By Year-end, Timing Undecided
Norwegian aluminum producer Norsk Hydro ASA (NHY.OS) is aiming to fully restart its Sunndal smelter in Norway by the end of the year, but still hasn't decided on timing for the return to full capacity. The company said Tuesday that the restart of the remaining 85,000 metric tons of annualized...
Emal begins initial work of Phase 2 expansion at Al Taweelah facility
Emirates Aluminium (Emal) has commenced initial work of Phase 2, with plans to reach full construction work by end of year, Yousuf Bastaki, Project Director at Emal, told Gulf News in an interview Tuesday. Emal announced Tuesday that its board had approved a $4.5 billion (Dh16.51 billion)...
Sterlite Industries update on financial results of aluminum for Q1 2011
Work at the BALCO 1,200 MW (4x300MW) captive thermal power plant project at Korba is progressing as planned and we expect the first unit to commence power generation by Q2 FY2011 to 2012. Work at the 325 kilo tonne aluminum smelter project at Korba is progressing well and we target first metal...
German Aluminium Output Rising, Outlook Good-Lobby
Output of secondary aluminium smelters declined by 4.3 percent, preliminary GDA data showed.
Rio Tinto wins approval to expand Ben Nevis hydro-power project
Scottish energy minister approves 5MW hydro-electric scheme at ancient Loch Eilde Mor dam in Kinlochleven. Rio Tinto has secured permission from the Scottish government to extend a 20MW hydro-electric plant in order to power its aluminium smelting facility located near the UK's highest mountain,...
Anode Stub Graphite Coating Systemsfor Aluminium Smelters from VHE
Velaverkstaedi Hjalta Einarssonar ehf. - VHE of Iceland - manufactures a range of Anode Stub Graphite Coating Systems. In the past, rodding plants often used an organic solvent and graphite mixture which quickly dried at ambient temperatures. Environmental considerations have largely eliminated...
Emirates Aluminium plans $4.5 billion expansion
A government-run aluminum smelter in the United Arab Emirates plans to spend $4.5 billion to nearly double its potential output of the widely used metal. Emirates Aluminium said Sunday that its board approved the expansion plan to increase annual capacity to 1.3 million metric tons (1.4 million...
Nalco's Rs 10,000-cr Iran aluminium project remains a non-starter
Nalco's plans to spread its arms across the globe aren't taking shape the way it had expected them to. The company's Rs 10,000-crore project to set up a 310,000-tonne aluminium smelter and a 750-Mw power plant in Iran continues to languish due to paucity of funds. "The geo-political situation in...
Rio Tinto Alcan revisits Nechako Valley tunnel
Rio Tinto Alcan has proposed finishing a tunnel that was bored about halfway of its intended distance as part of the Kemano Completion Project, which the provincial government killed in 1995 over environmental concerns. The proposal, now in its early stages, would involve building a second tunnel...
Emal creates 2,000 jobs as it plans capacity expansion
Emirates Aluminium (Emal) has created 2,000 jobs that serves a growing clientele base of 280 customers in 36 countries worldwide as it plans to expand production capacity, a top official told Gulf News. Emal uses DX reduction cell technology to produce 750,000 tonnes of aluminium annually with...
Indonesia says India's NALCO in talks to invest in smelter
India's state-run National Aluminium Co Ltd (NALCO) is in talks to invest in an aluminium smelter in Indonesia's Kalimantan province, an official at Indonesia's investment agency said on Thursday.
EMAL expands Summer Training programme for Emirati students
Emirates Aluminium (EMAL) has announced that 29 Emirati students are taking part in a new expanded Summer Training programme at the Taweelah aluminium smelter this month, designed to bridge the gap between theoretical studies and practical experience.
Nalco to choose coal project partner in 15 days
BS reported that Mr B L Bagra acting CMD and director finance of Nalco said that the company would choose the partner for its ambitious USD 4 billion Indonesian aluminum smelter project in the next fortnight.
Sales at Aluminium Bahrain edge up 0.8% in Q2
Sales at Aluminium Bahrain (Alba), which owns the world’s fourth-largest aluminum smelter, edged up 0.8 percent in the second quarter, the company said. Alba said sales were 228,357 tons in the second quarter, up from 226,539 tons in the prior-year period. It said production was unaffected by the...
Alcoa Aims for $19.75 as JV in Saudi Arabia Gets Funding
lcoa’s (NYSE:AA) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma’aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. [1] Alcoa owns a 25% stake in the JV named...
