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Aluminium
 
M&A ACTIVITY

Over 98% of Alcan shares tendered as Rio Tinto’s offer expires Restricted

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Global diversified miner Rio Tinto, which has become a target of bigger peer BHP Billiton, on Friday said that over 98% of the Alcan shares it offered to buy on July 12, had been tendered by the closing date, on Thursday.
9th November 2007
 
 
CSI

Mining giant donates R1m to rebuild burnt KZN old-age home Restricted

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A South African division of the world's biggest mining group, BHP Billiton, has donated R1-million to rebuild the KwaZulu Natal old age home that was damaged by fire this week.
9th November 2007
 
 
POWER

BHP suffers 'almost daily' power cuts at African smelters Restricted

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State-owned power utility Eskom’s load shedding has hit diversified giant BHP Billiton’s southern African aluminium smelters “almost every weekday” for the past three weeks, and Africa’s biggest power supplier has warned that the...
26th October 2007
 
 
aluminium

Indian aluminium firm may build plant in SA - report Restricted

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India's National Aluminium Company has expressed interest in establishing a 500 000 t/y aluminium plant in South Africa, according to Indian national newspaper The Hindu.
19th October 2007
 
 
m&a

Rio Tinto/Alcan merger gets SA competition thumbs up Restricted

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The South African Competition Commission has recommended that the Competition Tribunal approve the merger between international mining group Rio Tinto and aluminium producer Alcan.
15th October 2007
 
 
RIO TINTO ALCAN

Rio, Alcan name post-merger management team Restricted

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International mining group Rio Tinto and aluminium producer Alcan have named the executive management team to run the combined aluminium group, Rio Tinto Alcan, once the acquisition of Alcan by Rio Tinto has been completed.
10th October 2007
 
 
M&A

Rio Tinto shareholders OK $38bn Alcan takeover Restricted

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More than 97% of diversified miner Rio Tinto's shareholders have voted in favour of the company buying Alcan, the aluminium producer that plans a smelter project for Coega, in the Eastern Cape province of South Africa.
28th September 2007
 
 
NONFERROUS METALS

Nothing to suggest that stable aluminium prices will move up or down significantly Restricted

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London-based Natixis Commodity Markets (NCM) projects a relatively balanced aluminium market this year, with the deficit expected at 50 000 t for 2007, compared to last year’s 357 000 tons.
31st August 2007
 
 
 
 
 
 
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'Powered' Coega smelter viable, 'all... Audio
Bigger is better, says Rio's... Audio