Business

Gränges Signs On to UN’s Global Compact

Gränges Signs On to UN’s Global Compact

Sweden’s Gränges AB announced yesterday that it will adopt and implement the United Nations Global Compact. The UN Global Compact is a principle-based framework for businesses intended to encourage businesses to adopt policies that are both sustainable and socially responsible. The compact...

Events

Norsk Hydro Announces Change in its Corporate Management Board

Norsk Hydro ASA announced yesterday that Executive Vice President and Head of Hydro’s business area Bauxite & Alumina Alberto Fabrini left the firm effective yesterday. He was replaced by Eivind Kallevik on an interim basis until Fabrini’s permanent successor is found. Fabrini joined Norsk Hydro in the autumn of 2013 after an eight-month stint as […]

Ukraine Imposes Sanctions Upon Russia’s Rusal

Russian Federation aluminium major Rusal finds itself the subject of sanctions placed upon it by Ukraine. The world’s second-largest aluminium producer was accused of undermining the country’s national security in a decree handed down by the country’s president Petro Poroshenko. Rusal joins over three hundred other Russian citizens and businesses that are subject to restrictions […]

Experts See Increasing In-Roads in Western Aluminium Industry by Chinese Firms

Industry analysts see an expansion of aluminium firms from the People’s Republic of China into the worldwide automotive and aerospace markets. Such a move may set off a frenzied buying spree of Western metals companies by Chinese firms, they predict. According to experts, Chinese firms are moving into the more lucrative areas of the aluminium […]

Alba Closes on US$1.5 BN Loan for Line 6 Project

Aluminium Bahrain announced on Sunday that it has successfully closed its syndicated term-loan facility. This is the first tranche in the firm’s funding of its Line 6 project. The firm initial financing target was between US$500 million and US$750 million, but the loan was eventually increased to US$1.5 billion because of greater interest from lenders. […]

Balco Withdraws Case Against Coal Ministry Over Rejected Bid

India’s Bharat Aluminium Company (Balco) withdrew a case against the Coal Ministry at the Delhi High Court last week. Balco initially filed against the ministry opposing its decision to reject its winning bid for a coal block in Chhattisgarh. Balco initially “won” the bid in March 2015. However, the ministry subsequently rejected the bid, saying […]