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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Norsk Hydro ASA has entered into an agreement with Oslo Pensjonsforsikring AS regarding the sale of Herøya Industripark AS. The transfer will likely occur during the first quarter of 2016. "After a thorough process, and based on an overall assessment, we concluded that Oslo Pensjonsforsikring AS...
The Slim plant in Cisterna di Latina will from January 1, 2016 be operated by Rolling Mills International GmbH under the name of SLIM Aluminium S.p.A. An after-tax book loss of 45 - 55 million euros will be realized in Hydro’s fourth-quarter 2015 reported results. The rolling mill in Cisterna di...
RPC Group, Europe's plastic packaging market leader with a robust portfolio featuring glass and aluminium-packaging solutions, announced it is buying French bottle-top maker Global Closure Systems (GCS Group) for an enterprise value of €650 million. RPC has been on the prowl looking for deals in...
Ball Corporation has won Brazilian approval of its proposed £5.4bn ($8.2bn) acquisition of Rexam. The tribunal of Brazil’s competition watchdog, the Administrative Council for Economic Defense (CADE) approved the merger last week on condition it adopts structural and behavioural measures settled in...
Chalco plans to sell 50% stake in Shanxi Huaxing Aluminum Co. for at least 2.35 billion yuan ($364 million), the company said in a statement filed to the Shanghai Stock Exchange on December 9. Chalco added that the move aims to draw strategic investors to jointly build its...
U.S. drinks can maker Ball Corp is set to win EU approval for its 4.43-billion-pound bid for Rexam Plc with an improved package of concessions, two people familiar with the matter said, boosting the UK firm's shares. The world's two largest beverage can makers by volume are seeking to merge to...
Bauxite Resources Limited has been advised that State-Owned Assets Supervision and Administration Commission of the Peoples Republic of China ("SASAC") approval, which was one of the conditions of the agreements with Yankuang Resources Pty Ltd (Yankuang) and Yankuang Group Company Ltd ('YGL')') for...
Constellium N.V. today announced that its indirect wholly-owned subsidiary Wise Alloys LLC is exploring alternatives to refinance its existing Asset Based Lending facility, including engaging in discussions with both current and potential new lenders. Wise currently intends to seek to refinance its...
Metro Mining has enhanced bulk export prospects for its bauxite holdings on Queensland’s Cape York Peninsula with the definition of expanded direct shipping ore (DSO) resources. This follows immediately on Metro’s proposed takeover of Gulf Alumina, a potentially game-changing acquisition which...
Ball Corporation BLL declared the pricing of an underwritten public offering of $1 billion of 4.375% Senior Notes, due 2020. The company has also priced $424.3 million (€400 million) of 3.50% Senior Notes, due 2020 and $742.5 million (€700 million) of 4.375% Senior Notes, due 2023. Depending on...
Brisbane based Metro Mining Limited will make a takeover offer for unlisted Cape York mining company Gulf Alumina Limited. Gulf Alumina holds tenements adjacent to Metro Mining’s Bauxite Hills Project, 95kms north of Weipa. Metro Mining CEO Simon Finnis says his company has already secured 20% of...
Bauxite Resources Limited (BRL) advises the final agreements were signed with Yankuang Resources Pty Ltd and Yankuang Group Company Ltd on Monday, November 30th for the sale of Bauxite's interest in the Bauxite-Alumina Joint Venture, and the buy-back of Yankuang's shares. The transaction is...
Ball Corporation could be forced to sell off more assets than originally anticipated to satisfy competition concerns over its £4.3bn takeover of Rexam, the UK drinks can maker. US-based Ball announced on Monday that it would sell approximately €1.5bn of bonds denominated in euros and dollars to...
Chinese railway firm Midas Holdings has entered into an agreement to purchase Hong Kong-based Huicheng Capital for $264 million. Huicheng Capital owns Dalian Huicheng, a company based in Dalian, China, which specialises in aluminium products. Midas will be buying the company from seven individuals...
Australian Securities Exchange (ASX) has granted a trading halt to Metro Mining, pending details in connection with a potential material acquisition by the company. Metro Mining recently delivered an extensive Definitive Feasibility Study for its wholly-owned Bauxite Hills project located in Cape...
U.S. drinks can maker Ball Corp is ready to sell 11 European plants to get EU antitrust regulators to approve its 4.43 billion pound ($6.69 billion) acquisition of Britain's Rexam Plc, people familiar with the matter said. The world's two largest beverage can makers by volume want to merge to...
Réel announces the acquisition of Alesa, a specialist in design, supply, installation and service specialist complex materials handling equipment mainly for the aluminium industry. With a hundred employees located in Switzerland, in Canada, and in France, Alesa named now REEL ALESA will become a...
Alcoa continues to rally following confirmation that Paul Singer’s Elliott Management bought a 6.4% stake in the company, which says it has had "constructive discussions" with Elliott. The activist firm also supports Alcoa's planned spinoff next year, announced in September, of downstream assets...
