Archive for March 2017

Rio Tinto Awards Over $900 MM in Amrun Contracts to Queensland Firms

Rio Tinto Awards Over $900 MM in Amrun Contracts to Queensland Firms

Mining titan Rio Tinto Group’s emphasis on regional economic development will be worth at least $900 million to the Queensland economy, as over two-thirds of the $1.38 billion in contracts for the development of the Amrun bauxite project have been awarded to...

Events

Muskegon Castings Continues Aluminium Die Casting Operation After Fire Destroys Building

Michigan’s Muskegon Castings has relocated operations to several buildings in the area and is continuing aluminium die casting operations after a fire destroyed the company’s building last week. The fire, which has been blamed on a faulty propane tank, consumed the plant on Tuesday night. All forty employees safely escaped, but the building was apparently […]

Bauxite Levy In Place for Upcoming Fiscal Year: Ministry of Finance

Jamaica’s Ministry of Finance laid to rest concerns regarding the government’s bauxite levy last week when it addressed Auditor General Pamela Monroe Ellis’s concerns regarding the levy’s status in the upcoming fiscal year. Ellis raised the question after the Fiscal Policy Paper for 2017-18 described a change in the structure from the current levy to […]

Norsk Hydro’s Numbers Down in 2016 – Firm Sees Hope in Automotive Aluminium for 2017

Oslo’s aluminium and renewable energy firm Norsk Hydro ASA released its 2016 annual report on Friday. Though numbers were reflective of the challenges the global aluminium faced in the year, comments by the firm’s CEO signaled hope that the company’s focus upon automotive lightweighting would boost the bottom line in the coming years. Hydro’s underlying […]

Rusal’s Strong Finish Leads to Doubled Profits in 2016

Russian Federation aluminium giant UC Rusal released financial results for the fourth quarter and full year of 2016 yesterday. Though results for the full year were not as strong as hoped, numbers posted for the final quarter surpassed expectations. Citing a difficult commodities market, especially the 3.5% drop in aluminium prices and the 43.4% fall […]