Alcoa gets more time for WA refinery expansion

Aluminium major Alcoa has been granted a five-year extension for the expansion of its Wagerup refinery, in Western Australia. Environment Minister Bill Marmion said on Wednesday that the expansion of the existing 2.6-million-ton alumina refiner,...

Riding out commodity uncertainty, producers limit output, close plants

While mining firms enjoyed massive profits last year as commodity and metals prices remained elevated in the first half of 2011, the US debt downgrade in August and the eurozone’s wobbles have brought about fresh fears.

Swan says no bailout for struggling aluminium sector on the cards

Australian Treasurer Wayne Swan on Friday ruled out the possibility of federal funding for the struggling aluminium sector, despite the fact that more than 600 jobs could be on the line. Earlier this week, Alcoa announced that it would be...

Alcoa reviewing viability of Victoria smelter

Aluminium major Alcoa would be reviewing the viability of the Point Henry aluminium smelter, in Victoria, as global economic conditions continued to deteriorate. The miner said on Wednesday that the current global economic conditions were...

Aluminium prices could reach $2 500 by end Q2- Rusal

Aluminium prices are expected to rise up to 10% from current values by the end of the second quarter, as output cuts take effect, a senior executive at Rusal, the world's largest producer of the metal, said on Wednesday. Prices could rise up to...

Brazil’s Votorantim to ramp up its mining activities

Brazilian conglomerate Votorantim is to make significant, although still undisclosed, investments in new mining projects in South America, employing some of the money it obtained from selling its stake in Brazilian steelmaker Usiminas to the...

Alumina profit surges 54% as prices, demand strengthen

ASX-listed Alumina has reported a $24-million increase in its after-tax profit for the six months ended June, compared with the previous corresponding period. Net profit for the first half of the year increased to $68-million, while underlying...

Company Announcement: Outotec to deliver alumina calcination technology to Ma'aden Alcoa joint venture in Saudi Arabia

Attached please find a press release on: Outotec to deliver alumina calcination technology to Ma'aden Alcoa joint venture in Saudi Arabia Outotec has agreed with Ma'aden Bauxite Alumina Company, a joint venture between Saudi Arabian Mining Company...

Alcoa boosts second-quarter revenue 27%

Bauxite miner and aluminium producer Alcoa has reported a 27% increase in revenue for the second quarter ended June, rising to $6.6-billion. Income from continuing operations increased by 138% year-on-year to $326-million. This was also a 6%...

Rio Tinto bullish on demand, eyes smaller acquisitions

Diversified resources group Rio Tinto remains confident in the long-term demand outlook for most of its minerals, specifically iron-ore, and believes that demand from disaster-hit Japan would increase as the country undertakes reconstruction...

Alumina back in the black with $35m profit

ASX-listed bauxite miner and aluminium producer Alumina on Thursday reported a return to profitability for the 2010 financial year, posting a net profit of $35-million. This was compared with an after-tax loss of $24-million on the previous...

Alcoa agrees $7,5bn energy, smelting deals with China Power

Global aluminium producer Alcoa has signed a memorandum of understanding (MoU) with the China Power Investment Corporation (CPI) under which the parties would collaborate on a range of aluminium and energy products worth more than $7,5-billion....