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Rio Tinto releases robust Q1 results: Aluminium production touches 887kt
19 APR 20161MINS

Rio Tinto releases robust Q1 results: Aluminium production touches 887kt

Rio Tinto released robust production results for first quarter of FY2016. Despite global slump in aluminium prices, the mining and metal major posted a significant ten per cent increase in aluminium production year-on-year for the period under review. Kitmat completed its ramp-up to an annualised...

Ma’aden announces interim financial results for quarter ended on March 31
18 APR 20162MINS

Ma’aden announces interim financial results for quarter ended on March 31

Saudi Arabia Mining Company (Ma'aden) announced Sunday the interim financial results for the quarter ended on March 31 (three months). Financial highlights of the quarter vs same quarter last year Revenue declined by 17 per cent due to lower commodity prices for all products and decrease in...

Alcoa Q1 2016 Results: All Arconic segments on track to deliver $650 mln productivity savings
13 APR 20162MINS

Alcoa Q1 2016 Results: All Arconic segments on track to deliver $650 mln productivity savings

Lightweight metals major Alcoa announced yesterday first quarter 2016 results reflecting solid performance. During the period under review, downstream and value-added business segments of Alcoa, namely, Global Rolled Products (GRP), Engineered Products and Solutions (EPS) and Transportation and...

Vedanta Ltd announces Q4 and Full-Year 2016 production results
13 APR 20163MINS

Vedanta Ltd announces Q4 and Full-Year 2016 production results

Vedanta Limited announced yesterday production results for the fourth quarter and full year ended 31 March 2016. In Q4 FY2016, aluminium production was 226 kt at Jharsuguda and Korba. Q4 FY2016 aluminium production highlights: On 27th January, the company received approval from the regulatory...

Alba sales surge by 1.4% in Q1 2016
12 APR 20161MINS

Alba sales surge by 1.4% in Q1 2016

Despite the downside trend of all-in-aluminium prices, Aluminium Bahrain B.S.C. (Alba) was able to increase its overall sales. For the first quarter of 2016, sales figures reached 231,538 metric tonnes (mt), an increase of 3,231 (mt), as compared to 228,307 mt in Q1 2015 while production dropped to...

Alcoa reports solid Q1 2016 performance
12 APR 20162MINS

Alcoa reports solid Q1 2016 performance

Lightweight metals leader Alcoa reported solid first quarter 2016 performance. Arconic segments (Value-Add) reported year-over-year profit growth and the Upstream segments, Alumina and Primary Metals, remained profitable despite continued low pricing. The company is on track to complete its...

Hydro to release First Quarter 2016 Results on April 27
05 APR 20161MINS

Hydro to release First Quarter 2016 Results on April 27

Norsk Hydro has announced that the company's first quarter results 2016 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday April 27, 2016. The quarterly report and presentation slides will be available on Hydro's website at the same time. Hydro will host a combined analyst...

Alcoa to host webcast of First Quarter 2016 Results
05 APR 20161MINS

Alcoa to host webcast of First Quarter 2016 Results

Global lightweight metals major Alcoa has announced that the company will hold a conference call on Monday, April 11 beginning at 5:00 p.m. EDT to discuss first quarter 2016 results and business developments. The conference call will be webcast live via Alcoa's website with presentation materials...

Aleris International announces closing of senior secured notes offering
05 APR 20162MINS

Aleris International announces closing of senior secured notes offering

Aleris International, Inc., the direct wholly owned subsidiary of Aleris Corporation, made an announcement that it has completed its previously announced offering of $550 million aggregate principal amount of 9.50 per cent senior secured notes due 2021. The Notes are guaranteed by Aleris and...

Orbite announces Q4 and Full Year 2015 Results
01 APR 20162MINS

Orbite announces Q4 and Full Year 2015 Results

Orbite Technologies Inc. announced today the filing of its Financial Statements for the fourth quarter and year ended December 31, 2015. During the fourth quarter, the company reported a loss before net finance expense (income) and taxes of $3.9 million, down 23.5 per cent from $5.1 million for the...

China Zhongwang 2015 net profit rises 13.2% to RMB2.8 bln
28 MAR 20162MINS

China Zhongwang 2015 net profit rises 13.2% to RMB2.8 bln

China Zhongwang Holdings Limited, the world's leading aluminium fabricated product developer and manufacturer, announced its audited annual results for the year ended 31 December 2015. During the year under review, the economic growth of China and the global markets continued to slow down. The...

Aleris International announces launch of senior secured notes offering
23 MAR 20162MINS

Aleris International announces launch of senior secured notes offering

Aleris International, Inc., the direct wholly owned subsidiary of Aleris Corporation, yesterday announced that it intends to commence a private offering of $450 million aggregate principal amount of senior secured notes due 2021 (the "Notes"). The Notes will be guaranteed by Aleris and certain of...

Norsk Hydro Annual Reporting 2015: Creating value by becoming better, bigger, greener
21 MAR 20163MINS

Norsk Hydro Annual Reporting 2015: Creating value by becoming better, bigger, greener

“The world around us has shifted significantly and fast - again. A year ago, we experienced undersupply and record-high aluminium premiums. Shortly after, Chinese oversupply and rising exports pushed aluminium prices to 6-year lows. I am happy to report that Hydro’s improvement efforts has...

China's aluminium firm Chalco back in profit, plans offshore bonds
18 MAR 20162MINS

China's aluminium firm Chalco back in profit, plans offshore bonds

Aluminum Corporation of China Limited (Chalco) moved back into profit in 2015 after a record loss in the previous year after the company cut costs, closed loss-making facilities and sold assets. The company's board also gave approval for the issue of debt instruments, including up to $1 billion...

Alba holds AGM for 2015; approves cash dividends
17 MAR 20162MINS

Alba holds AGM for 2015; approves cash dividends

Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium producers, held its Annual General Meeting (AGM) on March 16, 2016 at Al Dana Hall, Aluminium Bahrain, Askar, during which approval was given to the distribution of cash dividends related to the fiscal year 2015. The total...

Altech Chemicals confirms financial robustness of HPA project
17 MAR 20162MINS

Altech Chemicals confirms financial robustness of HPA project

Altech Chemicals Ltd has revealed results of an update to its Bankable Feasibility Study (BFS) for the development of a 4,000tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Key outcomes of the updated BFS include: • Increased estimated pre-tax NPV9 of US$358 million (previously...

Constellium reports Full-Year and Q4 2015 financial results
16 MAR 20163MINS

Constellium reports Full-Year and Q4 2015 financial results

Constellium N.V. has reported results for the full year and fourth quarter ended December 31, 2015. These results include the acquisition of Wise Metals, which closed on January 5, 2015. Key Highlights: • 2015 Shipments of 1.5 million metric tons, up 39 per cent from 1.1 million in 2014 • 2015...

Constellium to record an impairment charge against  carrying value of Wise Metals' asset
15 MAR 20161MINS

Constellium to record an impairment charge against carrying value of Wise Metals' asset

Constellium N.V. yesterday announced that the company intends to record an impairment charge of approximately €400 million in the fourth quarter of 2015 against the carrying value of the Wise Metals asset. This charge, which has no impact on cash flows, reflects management’s view of the future...