Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, along with its partner, to a Chinese automotive holding company. The Changchun facility manufactures aluminium crash management systems and other structural components for the Chinese automotive...
Aluminium producers in the Gulf are increasing overseas acquisitions and investments as they seek to strengthen supply chains, expand market access and reduce exposure to regional risks. The trend comes as geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz...
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<p>UC RUSAL, a leading global aluminium producer, is pleased to announce that it has completed the sale of a 100% stake in Alumina Partners of Jamaica (‘Alpart’) to the Chinese state industrial group, JIUQUAN IRON & STEEL Co. Ltd. for a USD 299 mln cash consideration.<br /><br />The...
<p>Metro Mining appears to have won a prolonged takeover battle for Gulf Alumina Ltd.<br /><br />Metro launched its bid for Gulf last December. Gulf, a public unlisted company, owns the Skardon River bauxite project bisecting Metro’s Bauxite Hills’ project north of Weipa on Western Cape...
<p>Alliance Mining Commodities (AMC), a Bermudan minerals development company has signed a merger term sheet with MHM Metals of Melbourne, Australia, reported industry sources aware of the matter. The proposed merger will be implemented by way of a scrip exchange, at an indicative merger ratio of...
<p>Noranda Jamaica Bauxite officially changed the ownership of its operations in a “seamless” transfer, announced Jamaica Minister of Finance and the Public Service, Audley Shaw. <br /><br />Noranda Aluminum Holding Corporation, the holding company of Noranda Jamaica Bauxite, received...
<p>Metro Mining Limited has announced the presentation of a highly conditional proposal by Moly Mines Limited regarding acquisition of all the shares of Gulf Alumina Limited. The company said it is pinning hopes on the Gulf Board of Directors' decision on the new proposal who they learnt to be...
<p>Real Alloy Holdings Inc. a Beachwood based company has reportedly invested $24 million in acquiring “select assets” of Beck Aluminium Alloys based at Mayfield Heights, along with "significant minority equity ownership interest" in an affiliated aluminum and alloy...
<p>Alcoa has officially separated into two independent companies, as the aluminium major separated its upstream operations from the value added businesses that supply the aerospace and ­automotive markets.<br /><br />After the separation, shares of Alcoa Corporation- the spin-off that contains...
<p>According to a Reuter’s report, a dozen U.S. senators urged the Obama administration on Wednesday that a national security review panel rejects China Zhongwang’s proposed $2.3 billion takeover of U.S. aluminium products maker and a major aerospace supplier Aleris Corp. The deal marks...
<p>Metro Mining Ltd has confirmed through a press release that the board of Gulf Alumina Limited has announced Metro’s offer to the acquire all of the shares of Gulf to be superior to the proposal from Moly Mines Ltd.<br /><br />It is to be noted that Metro Mining currently owns a 39.3%...
<p>Soon after reporting a net loss of $58.3 million ($0.67 per share) in Q3 2016 against $9.5 million ($0.11 per share) in Q2 2016, Century Aluminium is now awaiting a possible change of ownership, reported an industry source aware of the matter. Speculations are running rife that the aluminium...
<p>Australian mineral development company Moly Mines is expecting to close its Gulf Alumina deal by this year December, reported a source aware of the matter. The ASX listed company is known to be trying to get its proposed buyout of the bauxite miner approved in the company’s...
<p>A Chinese aluminium mill in Zhenjiang belonging to Aleris, U.S. is now ready to participate as a supplier of more advanced products to Airbus. This is a part of the company’s strategy to shift its focus to higher value added products in the aerospace sector.</p> <p><img...
<p>Vedanta Limited today announced consolidated results for the second financial quarter (Q2) ended 30 September 2016.<br /><br />For the aluminium sector, smelters continued to ramp-up. The company managed to maintain the production run-rate of 1.1mtpa (excluding trial run) and 1.2mtpa (including...
<p>The European Commission has approved French minerals company Imerys’s proposal to acquire alumina producer Alteo ARC and Alufin GmbH Tabularoxid. The takeover is subject to certain conditions.</p> <p>The Commission said on Friday that Imerys, as well as the businesses it was planning to...
<p>Metro Mining Ltd has announced its intention to make an offer to buy out all of the shares of Gulf Alumina Limited including those which it does not already own. The Board of Directors of the mineral company said that it considers the offer is far better than oly Mines Ltd's highly conditional...
<p>Operators of a Rio Tinto smelter in western Scotland confirmed late last week that they were in talks to sell it to a “preferred bidder.”<br /><br />The Lochaber Smelter in Fort William, which is one of the region’s largest employers, is Rio’s last operational smelter in...
<p>Noranda Aluminum Holding Corporation today announced Court approval for the sale of the Company's alumina refinery in Gramercy, Louisiana and bauxite mining operation in St. Ann, Jamaica. Following a competitive auction, New Day Aluminum LLC, an affiliate of DADA Holdings LLC, was selected as...
<p>New Day Aluminium has edged out ARG International AG in competitive bidding for the remaining upstream assets of US-based producer Noranda Aluminum, according to a court filing Thursday. ARG International has recently bought Noranda's idled, 263,000 mt/year New Madrid primary aluminium smelter...
