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Growing oversupply hurts alumina prices in China Guizhou
09 JUN 20151MINS

Growing oversupply hurts alumina prices in China Guizhou

Alumina prices in China's Guizhou province lost 50 yuan per tonne to 2,400 yuan ($387) per tonne last week as local supply glut escalated, SMM data showed. Only 630,000-tpy of aluminum capacity is running in the province, overshadowed by 3.7 million tonnes of alumina capacity, highlighting the...

India's Nalco gets access to Pottangi reserves for refinery project
09 JUN 20152MINS

India's Nalco gets access to Pottangi reserves for refinery project

After over two decades of waiting, India's largest integrated aluminium producer National Aluminium Company Limited (Nalco) will commence mining operations at the Pottangi project, in the eastern province of Odisha, where bauxite reserves have been estimated at 70-million tonnes. According to a...

Altech partners with SGL Group for its HPA Project
08 JUN 20152MINS

Altech partners with SGL Group for its HPA Project

Highlights • Memorandum of Understanding with SGL Group as HCl system supplier • Leading global expertise in materials and equipment for extreme environments • Strengthens the Bankable Feasibility Study (BFS) team Altech Chemicals Limited is pleased to announce that it has signed a Memorandum of...

NALCO plans 3.5 lakh tonne aluminium output this fiscal
08 JUN 20152MINS

NALCO plans 3.5 lakh tonne aluminium output this fiscal

State run aluminium major, the National Aluminium Company Ltd (NALCO) has set a target to produce 3.5 lakh tonne of aluminium in the current financial year as per the MoU signed with the Ministry of Mines. The navaratna firm also aims to produce 21.50 lakh of alumina during the reporting period....

Inner Mongolia’s Huolingol to build over 150,000-tpy aluminum alloy projects
04 JUN 20151MINS

Inner Mongolia’s Huolingol to build over 150,000-tpy aluminum alloy projects

The government of Huolingol, Inner Mongolia, has signed deals with six companies, allowing them to build aluminum alloy and other projects, CNMN reported. These six projects, with total investment at 815 million yuan ($ 131 million), cover 100,000-tpy aluminum alloy die-casting project, 50,000-tpy...

Bahrain's Midal Cables opens $65 mln aluminium factory in Mozambique
04 JUN 20151MINS

Bahrain's Midal Cables opens $65 mln aluminium factory in Mozambique

Bahrain's Midal Cables said on Wednesday it had spent $65 million to construct an aluminium factory in the Mozambican capital that will export to other African countries. The plant, situated near Mozambique's Mozal aluminum smelter, has an annual output capacity of 50,000 metric tonnes and will...

Iran plans to invest $15 billion to develop the country’s mining sector
03 JUN 20151MINS

Iran plans to invest $15 billion to develop the country’s mining sector

Iran focuses on the country’s mining sector during the sixth five-year economic development plan (2015-2020) with plans of investing $15 billion to develop projects and increase production capacity of aluminium, steel and copper. The development plan aims to increase the output of aluminium to...

Alumina refinery to employ 3,000 workers in West Kalimantan
03 JUN 20151MINS

Alumina refinery to employ 3,000 workers in West Kalimantan

An alumina refinery in Sungai Tengar village, Kendawangan district, Ketapang regency, West Kalimantan, is set to provide 3,000 jobs for local residents. Ketapang Development Planning Board economic affairs head Alexander Wilyo told The Jakarta Post on Tuesday that the opportunity was expected to...

Hydro well underway with EUR 230 million investments
03 JUN 20152MINS

Hydro well underway with EUR 230 million investments

Hydro, the leading European aluminium company, is well ahead with its investment projects in Neuss and Grevenbroich totaling EUR 230 million. Minister lays foundation stone for alu-light cars Today, the Economy Minister of Germany's largest state Nordrhein-Westfalen, Garrelt Duin, and Hydro...

Nalco to invest INR 5,540 crore in 1 million tonne alumina refinery
02 JUN 20152MINS

Nalco to invest INR 5,540 crore in 1 million tonne alumina refinery

The board of National Aluminium Company (Nalco) has approved a significant capacity expansion plan to set up a one million tonne alumina refinery at Damanjodi, Koraput, Odisha at a proposed investment of INR 5,540 crore. Nalco already has a captive bauxite deposit at Pottangi in the state, which...

Modelo invests $180m in Mexican brewery and can production plant
02 JUN 20151MINS

Modelo invests $180m in Mexican brewery and can production plant

Grupo Modelo has revealed plans to invest MXN 2.8bn ($182.17m) in the construction of a new aluminium can production facility in eastern Mexico. The owner of brands such as Modelo and Corona will build the plant 20 miles west of Mérida, in the state of Yucután. It will provide cans for a new...

High demand spurs expansion in Compagnie des Bauxites de Guinée
01 JUN 20151MINS

High demand spurs expansion in Compagnie des Bauxites de Guinée

Compagnie des Bauxites de Guinée (CBG), a bauxite miner in Guinea is planning an expansion worth $1 billion to meet the growing demands and increase its production to 23.5 million tons per year by 2018, announced the director general of the firm on Friday. Halco Mining consortium, controlled by...

Orbite eligible for additional investment tax credits
29 MAY 20151MINS

Orbite eligible for additional investment tax credits

Orbite Aluminae Inc. today announced that the Company has determined it is eligible to receive refundable investment tax credits (ITCs) on its investments in the Gaspe region incurred during 2015, 2016 and 2017. ITCs receivable were limited to a maximum of $30 million, which Orbite had reached for...

Australian Bauxite Ltd discovers high grade bauxite at New Portside Production Centre
28 MAY 20152MINS

Australian Bauxite Ltd discovers high grade bauxite at New Portside Production Centre

Australian Bauxite Limited has started its first bauxite mine in Tasmania and holds the core of the Eastern Australian Bauxite Province. ABx's 37 bauxite tenements in Queensland, New South Wales & Tasmania exceed 5,000 km2 and were selected for good quality bauxite, good infrastructure as they are...

ENRC seeks $2 billion loan to increase aluminium capacity
26 MAY 20151MINS

ENRC seeks $2 billion loan to increase aluminium capacity

Kazakhstan needs $3 billion to boost copper and aluminium output in Central Asian nation and seeks loans from China to build two new plants said Minister Albert Rau, Kazakh Deputy Investment and Development. ENRC Group, which delisted from the London Stock Exchange in 2013, wants to double its...

Iran to construct high capacity aluminum factory in Arvand zone
26 MAY 20151MINS

Iran to construct high capacity aluminum factory in Arvand zone

Secretary of the Supreme Council of Free and Special Economic Zones Akbar Torkan announced that the council has approved the plan for the construction of an aluminum manufacturing plant in Arvand zone, in Southern Khuzestan province. "The project for the construction of an aluminum producing...

Emirates Global Aluminium to spend $5bn boosting capacity
26 MAY 20152MINS

Emirates Global Aluminium to spend $5bn boosting capacity

State-owned Emirates Global Aluminium (EGA) is spending US$5.2 billion to boost capacity at its smelter in Dubai and build an alumina refinery in Abu Dhabi, a company executive said yesterday. EGA, the world’s fifth-largest aluminium producer, was formed last year with the merger of Abu Dhabi’s...

Walker Marine wins award for the design of aluminium windfarm service vessels
25 MAY 20152MINS

Walker Marine wins award for the design of aluminium windfarm service vessels

New naval architecture consultancy business, Walker Marine Design Ltd, is off to a good start after securing a number of contracts for the offshore wind sector and wider marine industry. Founded by experienced Naval Architect James Walker, the UK-based company specialises in the design, repair and...