Archive for November 2017

With Completion of Marine Infrastructure, Metro Mining Continues Apace for Beginning Production at Bauxite Hills in Mid-2018

With Completion of Marine Infrastructure, Metro Mining Continues Apace for Beginning Production at Bauxite Hills in Mid-2018

Australian metals miner Metro Mining Limited announced yesterday that it cleared another hurdle in the race to open the Bauxite Hills Mine with the completion of principally all of the necessary marine infrastructure. According to Metro Mining, construction is complete upon the...

Events

Why aluminium prices still have potential to grow

Aluminium has been the top-performing base metal this year, prices climbing 25 % so far, largely due to China’s determination to shutter illegal smelters, and cut production of aluminium and alumina by 30% in four provinces around Beijing during the winter, to curb pollution. After reaching the its highest level in five years of US$ […]

Coal Shortages Burning Out India’s Aluminium Producers

Acute coal shortages in India are beginning to take their toll on the country’s aluminium producers, as several of the major aluminium firms are unable to obtain sufficient quantities to keep captive power plants in operation. According to the Aluminium Association of India, the majority of the country’s smelters are facing power shortages, as their […]

Alro Slatina Inks Three-Year, US$167 MM Credit Facility

Romanian aluminium company Alro SA (Alro Slatina) announced earlier this week the execution of a three-year, US$167 million (€140.7 million) credit facility for financing working capital. The deal, which is managed by Austria’s Raiffeisen Bank International A.G. and its local affiliate Raiffeisen Bank Romania, will be financed by several European banks, including OTP Bank Romania, […]

Minnesota’s Spectro Alloys Plans US$5.5 MM Investment in Aluminium Recycling Plant

Greater Twin Cities metals firm Spectro Alloys Corporation announced plans earlier this month to invest US$5.5 million to expand and upgrade its aluminium recycling facilities in Rosemount, Minnesota. According to the firm, planned upgrades include an expansion of recycling facilities, safety improvements, and efficiency modifications intended to reduce natural gas and electricity use in the […]