Market Selection

Norsk Hydro To Slim Down Rolled Products Segment Via Aluminium Foil Capacity Closure, Layoffs

Norsk Hydro To Slim Down Rolled Products Segment Via Aluminium Foil Capacity Closure, Layoffs

Norwegian aluminium producer Norsk Hydro ASA announced the launch of a top-to-bottom restructuring of its rolled product business, which it says will include shuttering production in some locations and laying off personnel. According to a press release, Hydro says the restructuring will...

Alcoa Revamps Operating Model

Pittsburgh aluminium pioneer Alcoa Corporation announced the implementation of a radical new operating model on Monday that the firm believes...

Events

Pahang Government To Administer Bauxite Licensing Under New SOP

According to the new rules governing bauxite mining in the state, those who wish to engage in the practice must approach the Pahang government to obtain legal permission. Such was the message delivered by Water, Land and Natural Resources Minister Dr. Xavier Jayakumar on Saturday. Jayakumar reiterated to domestic media outlets that the newly-promulgated SOPs […]

Expected Tepid Response Delays Odisha’s Auction Of Bauxite Blocks

Despite residing above over half the country’s total known bauxite reserves, the Odisha government has yet to place a single block up for online auction to date. According to experts, state officials have thus far backed away from auctioning the blocks over concerns that the bauxite ore outcroppings will not draw the sort of significant […]

Rusal Places This Year’s Third Set Of Ruble Bonds

Russian aluminium titan U.C. Rusal closed the book-building process on its third placement of 10-year ruble-dominated bonds earlier this week. With a three-year put option on the Moscow Exchange and a nominal value of ₽15 billion, the bond has a record-low coupon rate of 8.25 percent. Per the firm, the placement generated interest from a […]

Malaysian Government Implements New SOP For Bauxite Mining in Pahang

The Malaysian government released standard operating procedures (SOP) for bauxite mining and export in Pahang yesterday, which the government will begin enforcing with immediate effect. Commenting to domestic media, Water, Land and Natural Resources Minister Dr. A. Xavier Jayakumar said the guidelines are the product of consultation with a wide range of stakeholders, including academics, […]