Mexican conglomerate Alfa said late last week it is planning to spin off its 75-percent stake in Nemak, a local producer of automotive parts. Alfa is expected to announce the move later this month, which would leave the struggling unit on its...
Russian Federation aluminium titan UC Rusal announced yesterday its achievement of sustainability benchmarks negotiated in a finance facility signed last year. As a result, the firm will now be assessed a lower interest rate than it has been paying on the loan until now. Per the firm, it met 2019 target levels of the sustainability […]
Australian Bauxite Limited (ABx) said yesterday its next batch of bauxite ore from Bald Hill mine is ready ahead of schedule, with shipping to port to commence in several days. Per the firm, the 35 thousand metric ton shipment is cement grade, and shipment from the mine near Campbell Town, Tasmania to port facilities at […]
The People’s Republic of China’s Nanjing Yunhai Special Metals is responding to meet increasing domestic demand for aluminium alloy air-conditioning flat tube by boosting its production capacity by 5 thousand metric tons per annum. At present the Jiangsu plant boasts a production capacity of 15 thousand metric tons per annum, but it is in the […]
Aluminium Bahrain B.S.C. (Alba) released financial and production results for the year’s second quarter and first half on Sunday. The firm posted increases in both its bottom line and its production totals in both periods. For the year’s first half Alba reported a loss of US$28.3 million, better on the year than last year’s first-half […]
Anglo-Australian mining giant Rio Tinto Group last week filed a formal complaint with the Icelandic government on claims that the firm’s power supplier to the Rio Tinto Iceland Ltd (ISAL) aluminium smelter engaged in anti-competitive behavior. The firm submitted its complaint to the Icelandic Competition Authority (ICA) on Wednesday, saying energy provider Landsvirkjun conducted discriminatory […]
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