Business

ABx Releases Q3 Numbers

ABx Releases Q3 Numbers

Australian Bauxite Limited released third-quarter results yesterday. The report showcased the firm’s continuing uptick in sales and production. According to the report, current group available cash is approximately A$2.4 million, plus available lines of credit in the event further working capital becomes...

Events

Rio Tinto Identifies Preferred Bidder for Scottish Smelter

Operators of a Rio Tinto smelter in western Scotland confirmed late last week that they were in talks to sell it to a “preferred bidder.” The Lochaber Smelter in Fort William, which is one of the region’s largest employers, is Rio’s last operational smelter in the United Kingdom. It has been in operation for almost […]

Ohio’s US Senators Call for WTO Action Against Chinese Aluminum Firms

Ohio’s two United States senators issued a joint press release on Friday urging the United States Trade Representative to bring a World Trade Organization case against the People’s Republic of China over its aluminium overcapacity. The senators say that 15,000 American workers have lost their jobs in the industry over the last decade. “China has […]

New Day Aluminum Acquires Noranda’s Upstream Assets for US$24.43 MM

Noranda Aluminum’s remaining upstream assets are now the property of New Day Aluminum after having submitted the winning bid at the court-sanctioned bankruptcy auction on Tuesday. Court filings indicate that their bid bested the offer submitted by ARG International AG. New Day was the designated stalking-horse bidder at auction, beating out ARG, which is the […]

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 states ten principles in the areas of human rights, labor, the environment, and […]