Business

Power Outage Leads To Production Stoppage At Paragominas, Reduction At Alunorte

Power Outage Leads To Production Stoppage At Paragominas, Reduction At Alunorte

Norwegian aluminium giant Norsk Hydro ASA announced on Thursday a power outage in Brazil affecting the firm’s bauxite mine and alumina refinery in the state of Pará. According to Hydro’s press release, a transmission tower toppled on Wednesday, cutting power to Mineração...

Events

ABx Lands Full Funding Of Binjour Bauxite Project In Deal With Rawmin

Australian Bauxite Limited (ABx) yesterday announced the full funding of mining operations at the Binjour Bauxite Project in Queensland. Per the firm, the project achieved full funding thanks to a commitment by India’s Rawmin Mining. Per the agreement, the project will be funded prior to production and the firm will have a 50-percent joint venture […]

USMCA’s Success Requires Strong Enforcement: Aluminum Association

The Aluminum Association lauded the work done so far by Commerce Secretary Wilbur Ross, White House Director of Trade and Manufacturing Policy Peter Navarro, and various members of Congress in working to achieve the ratification of the new U.S-Mexico-Canada Agreement (USMCA) last week. However, the Association warned that the new agreement would require effective enforcement, […]

Norsk Hydro Enters Into US$1.6 Billion Sustainability-Linked Revolving Credit Facility

Norwegian aluminium giant Norsk Hydro ASA announced yesterday the signing of a new, US$1.6 billion revolving multi-currency credit facility with margins linked to the firm’s greenhouse gas emissions target. Per the firm, the new credit facility will be used for general corporate purposes. It features a tenor of five years, with two one-year options to […]