Asia

Vedanta Smelts Record Of 549k Tonnes Of Primary Aluminium In Latest Quarter

Vedanta Smelts Record Of 549k Tonnes Of Primary Aluminium In Latest Quarter

Indian aluminium and metals producer Vedanta Limited released results for the quarter ending on 30 June this week. The subsidiary of Vedanta Resources reported production and financial improvements across the board over the same time period in 2020. For the first fiscal...

Events

UAE’s Mubadala Buys 2.6-Percent Share In En+ Group

UAE’s state-owned investment company Mubadala Investment Company PJSC purchased a 2.6 percent share of aluminium giant U C Rusal’s parent company En+ Group last week for an undisclosed sum. Mubadala added the purchase to its existing 0.26 percent share. The investment firm said the move would augment its existing position in the Russian Federation. The […]

Sources Say EGA Seeking Refinance Of US$6 Billion Loan

Sources claiming knowledge of the situation told Reuters that Emirates Global Aluminium PJSC (EGA) is in talks with various financial institutions to renegotiate a US$6-billion loan it arranged in 2019. According to the sources, the talks involve enlarging the tenor and shrinking the pricing of the seven-year loan. The firm hopes to take advantage of […]

Alba Hosts Virtual ESG Week Focusing On Environmental Stewardship

Aluminium Bahrain B.S.C. (Alba) launched a campaign this week to promote and enhance its environmental, social, and governance (ESG) matters. The campaign is in conjunction with the Gulf Aluminium Council’s (GAC) ESG Week. The initiative, dubbed “Achieving the Balance,” was launched on Sunday and will be conducted virtually through Thursday. It will highlight Alba’s sustainability […]

Tsingshan Planning 1 MMTPA Aluminium Smelter In Indonesia

A new entrant to the People’s Republic of China’s aluminium sector is planning a 1 million metric ton per annum aluminium smelter for Indonesia. According to a report by CRU, Tsingshan Holding Group is planning to enter the field by building the new aluminium smelter in conjunction with Huafon Group. The firm operates an industrial […]