Business

Rio Tinto Turns In Higher Production Numbers for Third Quarter

Rio Tinto Turns In Higher Production Numbers for Third Quarter

Anglo-Australian mining giant Rio Tinto released third-quarter production results late last week. Though gains were not strong compared to the previous quarter, year-on-year and year-to-date showings fared better. In the just-ended quarter Rio turned out 12.4 million metric tons of bauxite, 1.98...

Events

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 […]

Kaiser Aluminum Turns In Slightly Lower Numbers for Q3, Higher Numbers for YTD 2016

California’s Kaiser Aluminum released unaudited results for the third quarter and the year to date yesterday. Though still firmly in the black, Kaiser’s numbers were down slightly year-on-year for the quarter. Numbers were generally up for the year to date compared to 2015, however. For the just-ended quarter, net sales totaled US$321 million, net income […]

Constellium Opens New Automotive Aluminium Sheet Line in Eastern France

Amsterdam’s Constellium N.V. announced the official opening of its newest finishing line at its plant in Neuf-Brisach, France. The €180 million line is intended to help the firm meet rising demand for aluminium auto body sheet. The almost 800’ line has a production capacity of 100,000 metric tons per annum. It turns out sheet aluminium […]