Europe

An undersea transmission cable potential threat to smelters

An undersea transmission cable potential threat to smelters

Smelters in South Eastern Europe, before all KAP in Podgorica, Montenegro and Aluminij d.d. in Mostar, Bosnia and Herzegovina, are potentially at risk of experiencing higher electricity costs after an undersea transmission cable becomes functional in late 2018. On October 4, ground...

Events

Sapa to Introduce Welding Machine Capable of Producing Extra-Large Panels for Offshore Use

Norway’s Sapa AS announced an initiative yesterday to develop new machinery that produces large, light aluminium products for offshore and maritime applications. The machinery is of sufficient size to produce aluminium panels 59’ long and 11-1/2’ wide. The machinery in question is a large-scale friction stir welding machine installed at a plant in Finspång, Sweden […]

A New Start for Croatian TLM

Fire delays temporary restart of TLM Following a fire outbreak in May that caused several million euros worth of damage, the restart of production at the TLM Šibenik rolling mill has been delayed for over two months. Today, the reconstruction of the rolling mill has finished and the restart of production is expected at the […]

Bosnian government plans sale of Aluminij d.d. Mostar

The federal government of Bosnia and Herzegovina plans to offer its stake in Aluminij d.d. Mostar for sale by end of this year, as part of a privatisation initiative involving five other companies. It will be the second attempt by the Bosnian government to sell Aluminij after it halted the privatisation process launched in 2007, […]

Rio Tinto Shopping its Aluminium Assets: Industry Sources

According to industry sources, Anglo-Australian mining major Rio Tinto is seeking buyers for parts of its aluminium operations. An article published yesterday in The Australian Financial Review said that Rio Tinto is seeking buyers for its three Australian aluminium smelters – namely Tasmania’s Bell Bay, Queensland’s Boyne, and New South Wales’ Tomago, citing unnamed insiders […]

BHP Billiton Ends FY 2016 US$6.4 bln in the Red

Anglo-Australian mining giant BHP Billiton reported final results for FY 2016 yesterday, ending a challenging financial year both on the books and in the field. The firm ended the year US$6.4 billion in the red, representing the largest annual loss in its history. The US$7 billion in impairment charges acted as a financial millstone around […]