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Aluminium
 
BAUXITE

Guinea approves BHP, Global Alumina stake sale in refinery project

0 COMMENTS
The government of Guinea said on Wednesday it has given approval to BHP Billiton and Global Alumina to sell their stake in a bauxite and alumina project to Dubai Aluminium Co (Dubal) and Mubadala Development Co . BHP paid $140-million in 2007 for...
By: Reuters
23rd May 2013
 
 
PEOPLE

Orbite shares bounce as new directors assume board positions

0 COMMENTS
Following the immediate appointment of three independent directors to Canadian alumina producer Orbite Aluminae’s board, the company’s TSX-listed shares on Tuesday jumped more than 28% in value to make up some of the ground it had lost since...
By: Henry Lazenby
21st May 2013
 
 
DISPUTE SETTLEMENT

Orbite settles dispute with contractor, shares slide

0 COMMENTS
French media have reported that alumina process innovator Orbite Aluminae, this week, settled a dispute with contractor Gastier Montreal, which claimed $16-million for work it had not been reimursed for. Gastier obtained a legal mortgage on the...
By: Henry Lazenby
17th May 2013
 
 
ALUMINIUM

Alcoa curtails Quebec production capacity, defers expansion

0 COMMENTS
US-based aluminium producer Alcoa on Thursday said it would shutter two potlines with a combined capacity of about 105 000 t and push back construction of a new potline at its Baie-Comeau smelter, in Quebec, as part of a revised modernisation plan...
By: Henry Lazenby
16th May 2013
 
 
METALS WAREHOUSING

Glencore unit hopes to end Trafigura's edge in copper storage

0 COMMENTS
Glencore Xstrata's metals warehouse firm is unhappy the London Metal Exchange (LME) has excluded it from valuable copper storage business in Europe, leaving the field open to rival trader Trafigura, and wants the ban lifted. Firms running...
By: Reuters
10th May 2013
 
 
PEOPLE

Orbite Aluminae appoints executive VP and COO

0 COMMENTS
Canadian alumina producer Orbite Aluminae on Tuesday said it had appointed Glenn Kelly as its executive VP and COO. Kelly would join Orbite in the newly created positions effective May 21, from where he would report to Orbite president and CEO...
By: Henry Lazenby
7th May 2013
 
 
MINING INVESTMENT

Miserable year for miners, bankers – Liberum

0 COMMENTS
In what had been a miserable year for miners and bankers, the UK mining-investment sector had lost a quarter-plus of its value, and was £100-billion down on last year, Liberum Capital mining head Michael Rawlinson said at the weekend. Equity...
By: Martin Creamer
3rd May 2013
 
 
ALUMINIUM SHEETING

Alcoa to invest $275m in automotive aluminium sheet production

0 COMMENTS
US-based aluminium products producer Alcoa on Thursday said it would invest $275-million over the next three years to expand and convert capacity at its rolling mill in Alcoa, Tennessee, to support automotive producers’ plans to use more...
By: Henry Lazenby
2nd May 2013
 
 
 
 
 
 
 
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'Powered' Coega smelter viable, 'all... Audio
Bigger is better, says Rio's... Audio
 
 
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