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Emirates Global Aluminium in talks for $5 billion loan to refinance debt
29 OCT 20152MINS

Emirates Global Aluminium in talks for $5 billion loan to refinance debt

State-owned Emirates Global Aluminium (EGA) is in talks with banks to raise a $5 billion loan, four banking sources aware of the matter said on Wednesday, to refinance debt taken on for some of its projects. EGA, created by the merger of two state-owned aluminium companies Dubai Aluminium (Dubal)...

Bauxite Resources reports reduced mining activities in quarter ended Sept 30
29 OCT 20151MINS

Bauxite Resources reports reduced mining activities in quarter ended Sept 30

Bauxite Resources Limited has recently announced its September 2015 quarterly report. During the quarter, exploration activities were significantly reduced while the dispute with Yankuang was under mediation. The result of that mediation was announced to the market on 21 October 2015. Bauxite...

Vedanta reports strong cash flows in a challenging commodity price environment
28 OCT 20152MINS

Vedanta reports strong cash flows in a challenging commodity price environment

Indian miner Vedanta Limited (formerly known as Sesa Sterlite Ltd) has announced its unaudited consolidated results for the second quarter ended 30 September 2015. Revenues stood at INR 16,349 crore and a cash flow of INR 7,145 crore was generated despite a challenging commodity price environment...

Bauxite Resources Limited circulates Annual Report 2015 among shareholders
14 OCT 20152MINS

Bauxite Resources Limited circulates Annual Report 2015 among shareholders

Bauxite Resources Limited published its Annual Report 2015. During the year the company focused on trying to resolve the current impasse on the development of the Felicitas deposit with its joint venture partner Yankuang Resources Pty Ltd. At the same time the company took a staged approach to the...

Vedanta shares rise on strong production figures in Q3 2015
13 OCT 20152MINS

Vedanta shares rise on strong production figures in Q3 2015

Shares of mining major Vedanta zoomed over 11 per cent after it reported strong zinc, silver and aluminium production in the September quarter. The company also reported lower production costs in zinc and aluminium. The company's alumina output increased at its Lanjigarh plant, up 20 per cent...

Alba sales and production figures increase in Q3 2015
13 OCT 20152MINS

Alba sales and production figures increase in Q3 2015

Aluminium Bahrain said its third-quarter output rose 2.9 percent despite significant drops in London Metal Exchange prices. Sales figures reached 238,862 metric tonnes (mt), an increase of 5,940 (mt), versus 232,922 mt in Q3 2014 while production figures jumped by 2.9% year-on-year (YoY) to top...

Alcoa reports Q3 2015 productivity gains in rolled products and end use segments
11 OCT 20151MINS

Alcoa reports Q3 2015 productivity gains in rolled products and end use segments

Lightweight metal major Alcoa Inc reported after-tax operating income (ATOI) decline in third quarter 2015 in its rolled products and end use segments. However, strong productivity gain was reported in both the segments, which has long-term significance, as far as Alcoa's diversified business is...

Alcoa reports profit for third quarter 2015
09 OCT 20153MINS

Alcoa reports profit for third quarter 2015

Lightweight metals leader Alcoa reported a third quarter profit as its value-add and upstream portfolios delivered solid results in the face of strong market and currency headwinds. Alcoa has been transforming by building its value-add portfolio for profitable growth and creating a globally...

Clarendon Alumina Production continues losing money
08 OCT 20152MINS

Clarendon Alumina Production continues losing money

Clarendon Alumina Production Limited (CAP) advises that it has produced 2015 accounts but that these have not yet been laid before the annual general meeting or Parliament. It is unclear how the Government of Jamaica, and in particular, the otherwise progressive Ministry of Finance, does not have a...

Alba on track to meet its production growth targets
01 OCT 20152MINS

Alba on track to meet its production growth targets

Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium smelters, is on track to exceed its annual production growth targets according to a statement issued by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa. The statement was made following the...

Debt deal helps Bosnia's Aluminij return to profit in first-half
21 SEPT 20152MINS

Debt deal helps Bosnia's Aluminij return to profit in first-half

Bosnian aluminium smelter Aluminij Mostar returned to profit in the first half after a deal to settle debts helped it stabilise production. The smelter, which is due to be privatised, reported first-half profit of 7.5 million Bosnian marka ($4.3 million) compared with a loss of 49.1 million marka...

JW Aluminum issues 2015 second quarter results
11 SEPT 20151MINS

JW Aluminum issues 2015 second quarter results

JW Aluminum Company posted its 2015 quarterly report for the three months ended July 4 on September 2, Wednesday. The quarterly report is being furnished pursuant to the Indenture governing JW Aluminum’s Senior Secured Notes due 2017. The quarterly report will be made available to holders and...

Nalco fixes book closure for final dividend & 34th AGM
08 SEPT 20151MINS

Nalco fixes book closure for final dividend & 34th AGM

The Register of Members & Share Transfer Books of National Aluminium Company Ltd will remain closed from September 22, 2015 to September 26, 2015 (both days inclusive) for the purpose of Payment of Final Dividend & 34th Annual General Meeting (AGM) of the Company to be held on September 26, 2015....

AMAG reports increase in operating profit of 30 % in H1 2015
08 SEPT 20153MINS

AMAG reports increase in operating profit of 30 % in H1 2015

AMAG Austria Metall AG reported significant growth in its key operating earnings results during the first half of 2015 compared with the previous year's first six months. Revenue grew by 15.9 % – from EUR 406.7 million to EUR 471.5 million. Earnings before interest, tax, depreciation and...

Vimetco announces interim financial results for H1 2015
02 SEPT 20152MINS

Vimetco announces interim financial results for H1 2015

Vimetco N.V., the global producer of primary and processed aluminium products announced its interim financial results for the six months ended 30 June 2015. Sales stood at USD 855 million while EBITDA improved at USD 129 million compared to USD 90 million during the similar period of 2014. Gheorghe...

First Bauxite Corporation announces filing of quarterly financial statements
01 SEPT 20151MINS

First Bauxite Corporation announces filing of quarterly financial statements

First Bauxite Corporation announced that it has filed its unaudited quarterly financial statements and management's discussion and analysis for the period ended June 30, 2015. First Bauxite Corporation, a natural resources company, is engaged in the acquisition, exploration, and development of...

Sims Metal Management earnings up in fiscal 2015
24 AUG 20152MINS

Sims Metal Management earnings up in fiscal 2015

Australia’s Sims Metal Management (SMM), one of the world’s largest recycling companie, has reported lower revenue but increased profits in its annual financial report for its fiscal year, which ended June 30, 2015. In a presentation delivered Aug. 21 and posted on the company’s website, the...

Zhuzhou Smelter posts 109 million yuan losses in H1
24 AUG 20151MINS

Zhuzhou Smelter posts 109 million yuan losses in H1

Zhuzhou Smelter Group reported losses of 109 million yuan in the first half of 2015 due mainly to tumbling indium prices, which slumped some 43%, according to the company’s mid-year report. Indium selling prices fell 42.79% year-on-year, affecting the company’s indium output by 24.48% year-on-year....