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Pricing change happening in the alumina market
18 JUL 20111MINS

Pricing change happening in the alumina market

The pricing revolution in the alumina market is gathering momentum, even if it hasn't grabbed the headlines in the same way as that in the iron ore market. The pricing of alumina, the intermediate material in the production of primary aluminum is being forcibly decoupled from the metal price also...

Asia Pacific region's alumina weakened by unplaced cargoes
15 JUL 20111MINS

Asia Pacific region's alumina weakened by unplaced cargoes

Platts alumina price benchmark closed Thursday at $378.50/mt FOB Australia, dropping $1.50/mt on Wednesday from unplaced cargoes. A consumer reported receiving an unsolicited offer at below $380/mt FOB Australia, for shipment in the second-half of August, for which it was likely to turn away. A...

Heavy rains sink Rio's production targets
15 JUL 20113MINS

Heavy rains sink Rio's production targets

AUSTRALIA'S summer drenching continues to affect Rio Tinto, which has cut full-year coal, bauxite, alumina and iron ore production guidance as its mines gradually return to full capacity. While the downgrades are not huge, they show that the heavy rains caused more problems than were predicted as...

Heavy rains sink Rio's production targets
15 JUL 20113MINS

Heavy rains sink Rio's production targets

AUSTRALIA'S summer drenching continues to affect Rio Tinto, which has cut full-year coal, bauxite, alumina and iron ore production guidance as its mines gradually return to full capacity. While the downgrades are not huge, they show that the heavy rains caused more problems than were predicted as...

Rio Tinto’s Australian operations recover from floods
14 JUL 20114MINS

Rio Tinto’s Australian operations recover from floods

Diversified mining group Rio Tinto’s Australian operations have largely recovered from the floods, which hampered production earlier this year, with the miner on Thursday reporting higher second-quarter iron-ore and coal output. “Operations largely recovered from the severe weather impacts earlier...

Rio Tinto’s Australian operations recover from floods
14 JUL 20114MINS

Rio Tinto’s Australian operations recover from floods

Diversified mining group Rio Tinto’s Australian operations have largely recovered from the floods, which hampered production earlier this year, with the miner on Thursday reporting higher second-quarter iron-ore and coal output. “Operations largely recovered from the severe weather impacts earlier...

Rio Tinto’s Australian operations recover from floods
14 JUL 20114MINS

Rio Tinto’s Australian operations recover from floods

Diversified mining group Rio Tinto’s Australian operations have largely recovered from the floods, which hampered production earlier this year, with the miner on Thursday reporting higher second-quarter iron-ore and coal output. “Operations largely recovered from the severe weather impacts earlier...

Rio Tinto Q2 Global Iron Ore Production Rises 12% - Quick Facts
14 JUL 20111MINS

Rio Tinto Q2 Global Iron Ore Production Rises 12% - Quick Facts

Rio Tinto,in its second-quarter 2011 operations review, reported global iron ore production of 49 million tonnes attributable for the period, which was up 12 percent compared with last year. The company also noted that Mined coppee production was down 24 percent on the 2010 second quarter, mainly...

Rio Tinto Q2 Global Iron Ore Production Rises 12% - Quick Facts
14 JUL 20111MINS

Rio Tinto Q2 Global Iron Ore Production Rises 12% - Quick Facts

Rio Tinto,in its second-quarter 2011 operations review, reported global iron ore production of 49 million tonnes attributable for the period, which was up 12 percent compared with last year. The company also noted that Mined coppee production was down 24 percent on the 2010 second quarter, mainly...

Rio Tinto Q2 Global Iron Ore Production Rises 12% - Quick Facts
14 JUL 20111MINS

Rio Tinto Q2 Global Iron Ore Production Rises 12% - Quick Facts

Rio Tinto,in its second-quarter 2011 operations review, reported global iron ore production of 49 million tonnes attributable for the period, which was up 12 percent compared with last year. The company also noted that Mined coppee production was down 24 percent on the 2010 second quarter, mainly...

Rio Tinto Alcan signs long-term agreement allowing for further greenhouse gas emissions reductions
08 JUL 20112MINS

Rio Tinto Alcan signs long-term agreement allowing for further greenhouse gas emissions reductions

Rio Tinto Alcan's Vaudreuil alumina plant in Jonquière, Quebec could see a reduction of about 40,000 tonnes of greenhouse gas (GHG) emissions annually following the signing of a steam supply agreement with Elkem Metal Canada. This agreement will also reduce the plant's energy supply costs over the...

Dupuc plant to expand to meet aerospace demand
30 JUN 20111MINS

Dupuc plant to expand to meet aerospace demand

Rio Tinto Alcan's Dubuc plant in Quebec, Canada will increase its production of Airware alloys for the aerospace industry by more than 50%. It has signed an agreement deal with Constellium's Global Aerospace division and will expand its plant to meet the new contract’s requirements. Construction...

    Alcan's Lynemouth plant still at risk despite recovery
30 JUN 20112MINS

Alcan's Lynemouth plant still at risk despite recovery

CONCERNS remain over the future of the Alcan aluminium smelting plant at Lynemouth, despite a surge in metal prices helping the firm return to profit. Alcan Aluminium UK recorded a pre-tax profit of £30.1m last year, compared to a loss of £35.3m during 2009, while turnover increased from £254.9m to...

    Rio Tinto Alcan forging ahead with $2.5-billion B.C. mega project
23 JUN 20111MINS

Rio Tinto Alcan forging ahead with $2.5-billion B.C. mega project

Rio Tinto Alcan told 300 contractors Wednesday that it intends to spend $2.5 billion rebuilding its Kitimat aluminum smelter in a mega-project that is expected to transform the province's northwest. The project had stalled during the 2008-09 recession but is back on track for a 2014 completion,...

Apollo Global put Alcan International Network up for sale
22 JUN 20112MINS

Apollo Global put Alcan International Network up for sale

Apollo Global Management LLC has put Alcan International Network up for sale following its acquisition of Alcan’s engineered products business. A source familiar with the matter said that it’s going to be sold again. The private equity firm is believed to have received about five expressions of...

What Might Aluminum Mean to RIO?
22 JUN 20111MINS

What Might Aluminum Mean to RIO?

In mid-2007 Rio Tinto RIO bought Canada's Alcan for $38.1 billion in cash, now widely regarded as one of the most ill-timed acquisitions in corporate history. A key plank was that aluminum prices had not run like the other metals and value remained on the table. But the reason aluminum had not run...

Rusal vets Fiji for alternative bauxite
21 JUN 20111MINS

Rusal vets Fiji for alternative bauxite

Mr Oleg Deripaska's Rusal, the world's biggest aluminum producer, has given Rio Tinto food for thought on the future mix of bauxite supplies to their Queensland Alumina Limited JV at Gladstone in Queensland. Rusal has thrown up the potential for Fiji to become a new source of bauxite to cover its...

Alcan International Network (AIN) up for sale
17 JUN 20112MINS

Alcan International Network (AIN) up for sale

Apollo Global Management LLC has put Alcan International Network (AIN) up for sale following its acquisition of Alcan’s engineered products business. "It’s going to be sold again," a source familiar with the matter said. The private equity firm is believed to have received about five expressions of...