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Aluminium
 
BASE METALS

Vedanta earnings plummet 98% on lower metal prices, writedowns Restricted

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Despite achieving record production volumes of zinc and aluminium, lower London Metals Exchange (LME) prices have led to a "challenging" third quarter for LSE-listed base-metals producer, Vedanta Resources. Reporting on the company's performance...
28th January 2009
 
 
ALUMINIUM

Rio Tinto Alcan wraps up sale of stake in Chinese venture Restricted

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The aluminium branch of diversified miner Rio Tinto, Rio Tinto Alcan, has sold its 50% stake in the Alcan Ningxia aluminium joint-venture (JV) in China for $125-million. The miner announced on Monday that it had sold its stake in the 160 000 t/y...
26th January 2009
 
 
M&A

OSC orders HudBay vote on Lundin deal Restricted

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The Ontario Securities Commission has set aside a decision by the TSX and ordered Canadian base-metals miner HudBay Minerals to hold a shareholders' vote on its plans to buy Lundin Mining.
23rd January 2009
 
 
ALUMINIUM

Rio Tinto Alcan announces further 6% cut in output Restricted

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Diversified miner Rio Tinto will reduce aluminium production from its Alcan unit by another 6% and cut about 1 100 jobs, in a move to conserve cash in light of falling prices and demand. “Our goal is to align production with customer demand and...
20th January 2009
 
 
ALUMINIUM

Rio Tinto says Anglesey to close smelter before year-end Restricted

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Diversified mining giant Rio Tinto on Thursday stated that aluminium producer Anglesey Aluminium Metal, in which it has a 51% stake, would be ending smelting operations at the end of September, when its current power contract expired. Wales-based...
15th January 2009
 
 
PEOPLE

Jacynthe Côté will replace retiring Evans as Alcan chief Restricted

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Diversified miner Rio Tinto has named Jacynthe Côté as CEO of its Alcan aluminium unit, replacing Dick Evans who will retire on April 20. Côté is currently president and CEO of Rio Tinto Alcan's primary metal division.
12th January 2009
 
 
China & Metals

Aluminium demand decelerates dramatically, but still growing Restricted

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CHINESE demand for primary aluminium is forecast to continue to increase next year, despite the global downturn, although at a very much reduced rate in comparison to last year.
12th December 2008
 
 
M&A

HudBay says Jaguar's demand for shareholders' meeting 'not valid' Restricted

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Base-metals miner HudBay Minerals said on Thursday that a request from merchant bank Jaguar Financial that the company call a shareholders' meeting does not satisfy certain conditions, and is therefore invalid. Jaguar opposes HudBay's plan to...
11th December 2008
 
 
 
 
 
 
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'Powered' Coega smelter viable, 'all... Audio
Bigger is better, says Rio's... Audio