Coal-heavy Australian aluminium vs renewables-led New Zealand: How Oceania is balancing decarbonisation
Oceania’s primary aluminium industry is facing a fragmented energy transition. While Australia, the leading aluminium producer of the continent, has abundant renewable resources and a well-established aluminium value chain, its smelters remain significantly more dependent on fossil-fuel-based...
Can the US afford to cut Canada off? 75% aluminium and $100b energy tell the story
The US aluminium industry’s dependence on Canada extends far beyond primary aluminium imports. While Canada supplies around 75 per cent of US imported primary aluminium, covering roughly 60 per cent of the country’s annual aluminium usage, it is also a major supplier of crude oil, natural gas and...
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Chalco plots Xinjiang smelter
Jiaozuo Wanfang Aluminum Manufacturing and the Aluminum Corporation of China (Chalco) are to spend RMB2.85bn ($452,5M) on a coal/electricity aluminium smelter in Xinjiang Province’s Shanshan County. The money will be used by Chalco subsidiary Xinjiang Aluminum & Power Corp, which was set up in the...
Rusal deputy CEO sees China moving into aluminium deficit in 2015
UC Rusal, the world’s largest aluminium producer, said it expects China’s aluminium industry to move into a deficit in the next couple of years as the country begins to transfer industry to the western provinces. China would try to solve one of its key problems, high power costs, not by cutting...
UPDATE 1-China's Chalco seeks Ivanhoe's South Gobi stake for $926 mln
China's aluminum producer Chalco has agreed to buy Ivanhoe Mining Ltd's controlling stake in Mongolian-focused coal miner SouthGobi Resources for $926 million, as the Chinese state company diversifies into other resources in the face of tough aluminium market. Aluminium Corp of China Ltd (Chalco)...
Smelter Asia still in tariff talks with SEB
Smelter Asia Sdn Bhd is still in negotiation with Sarawak Energy Bhd (SEB) for the supply of more than 600MW to power its proposed aluminium smelter in Samalaju Industrial Park, Bintulu. “Negotiations are on going,” SEB vice-president (strategic communication and corporate social responsibility)...
Energy tax plan benefits Century Aluminum for re-start
The $20 million tax credit package meant to help restart Century Aluminum's Ravenswood plant had some lawmakers scratching their head at the complexities, but architects of the plan said it was the only way to get it to work. For starters, Century Aluminum doesn't get a dime of the credit - even...
Rio Tinto Alcan No Longer Pursuing Sarawak Aluminum Smelter Plan
Rio Tinto Alcan said it’s no longer pursuing plans to develop an aluminum smelter in Sarawak in Malaysia after failing to reach an agreement on power supplies for the project. “While a great deal of progress was made in negotiations with Sarawak Energy Bhd., agreement on a long-term competitive...
Century enters power talks in bid to restart smelter
Century Aluminum Co (CENX.O) said on Friday it has resumed talks for a power deal with Appalachian Power, a unit of American Electric Power Co. Inc. (AEP.N), to supply its Ravenswood, West Virginia aluminum smelter as it moves closer to restarting the idled plant. The 170,000-tonne-a-year aluminum...
Betting big on Gujarat, Odisha for refinery & smelter: BL Bagra, NALCO CMD
State-run National Aluminium Co (Nalco) plans to expand operations both in the country and overseas. Acting chairman and managing director BL Bagra tells ET that the country's third-largest aluminium maker will also invest in thermal, nuclear and wind power plants as part of its move into the...
NALCO's smelter plant may be closed down
The manufacturing unit of the state-run National Aluminium Company Limited (NALCO) now faces a serious threat of being closed down on account of its inability to manage massive amounts of fly ash. In a letter addressed to B.L. Bagra, NALCO's chairman-cum-MD, the State Pollution Control Board (SPCB)...
WV expects to break even on Century Aluminum tax break
West Virginia state officials estimated a net zero effect on the general revenue fund for a $20 million tax incentive for Century Aluminum, leaving a difference of $14.1 million projected by a 2007 study. Deputy Revenue Secretary Mark Muchow said the difference is caused because his office went...
Power supplier still talking with CFAC
Bonneville Power Administration is having weekly discussions with Columbia Falls Aluminum Co. to negotiate an energy contract that would restart the shuttered plant, BPA Administrator Stephen Wright said last week. “We’re actively engaged,” Wright said. “It’s an important issue for us. We’re...
Nalco turnover targeted at Rs 7,073 cr in 2012-13
National Aluminium Company Limited (Nalco) has signed a Memorandum of Understanding (MoU) with the Union ministry of mines on the aluminium major's physical and financial targets for 2012-13. As per the MoU, the company's turnover target has been fixed at Rs 7073 crore, which is Rs 500 crore higher...
Wanfang Aluminum, Chalco To Inject Capital Into Related Party
Jiaozuo Wanfang Aluminum Manufacturing (000612), together with Aluminum Corporation of China (Chalco) (601600,2600.HK), will jointly inject 2.85 billion yuan into Chalco Xinjiang for the latter's coal-fired electricity aluminum integrated project, reports Oriental Morning Post, citing a company...
Alcoa's Venture With Ma'aden: Long-Term Benefits In 2013
Ma'aden is a Saudi mining company that is 50% owned by the Saudi government. It was originally formed to facilitate and develop minerals in Saudi Arabia. Back in 2009 Alcoa (AA) and Ma'aden signed an agreement to build a $10 billion aluminum complex. This joint venture was situated to have the...
Tax credit for aluminum plant lowers costs from coal
A West Virginia bill touted for saving an aluminum plant and the jobs that come with it attempts to do so by providing tax credits for suppliers of coal that eventually powers the plant. The Energy Intensive Industrial Consumers Revitalization Tax Credit Act allows a credit of up to $20 million...
Passage For Century Aluminum Bill
As a group of Century Aluminum retirees looked on Friday at the State Capitol, members of the state Legislature approved a bill that is expected to be a key part of efforts to reopen the company's Jackson County facility. However, Charleston Attorney Tom Heywood, who represents Century Aluminum,...
NPCIL forms a new company in joint venture with NALCO
Nuclear Power Corporation of India Limited ( NPCIL ) has formed a new company in joint venture with National Aluminium Company Limited ( NALCO). The new JV company , namely N PCIL-NALCO Power Company Limited was incorporated on March 2, 2012. The first meeting of the board of directors of the JV...
Rio Tinto May Sell French Aluminum Factory, Les Echos Reports
Jean de Maurienne, France, Les Echos reported, citing an announcement the company made to workers at the plant. The plant, which employs 600 people, received a very competitive offer of electricity supplies from Electricite de France SA, the newspaper reported. Still, the site’s production costs...
