Market Selection

Indian Government Approves Hindalco Plan For Second Alumina Refinery In Odisha

Indian Government Approves Hindalco Plan For Second Alumina Refinery In Odisha

Indian aluminium smelter Hindalco obtained permission from the national government earlier this week for its planned greenfield alumina refinery in the western state of Odisha. According to reports, the High Level Clearance Authority (HLCA) gave its blessing to Hindalco’s plan, which is...

Events

Altech Raises A$2.8 Million In Stock Purchase Plan

Australian innovator Altech Chemicals Ltd. announced yesterday that the stock purchase plan that ended last week received applications from current shareholders to purchase A$2.8 million in new stocks. Altech said the stock purchase plan sold individual shares for A$0.0975 each through Friday of last week. The firm said it would accept every application returned, and […]

M.T. Abraham To Pitch 15-Year Lease Agreement To Aluminij Mostar

Talks over the fate of Bosnian aluminium smelter Aluminij d.d. Mostar continue this week between the government and a Sino-Israeli consortium, but the recently laid-off workforce at the plant is reportedly not optimistic that such talks will yield a positive outcome. Aluminij management will continue to meet with representatives from the consortium, which is headed […]

Vedanta Pondering Purchase Of Government Stake In Two Co-Owned Mineral Firms

Anil Agarwal’s Vedanta Ltd. is considering buying a majority share in Bharat Petroleum Corporation Limited (BPCL) and the remaining share of in Hindustan Zinc Limited (HZL) from the Indian government according to domestic news reports. At present Vedanta owns a 46.71-percent stake in BPCL and a 64.92-percent stake in HZL. The government of India owns […]

Alcoa To Sell Gum Springs Waste Treatment Facility To Veolia

Pittsburgh aluminium pioneer Alcoa Corporation announced earlier this week the sale Elemental Environmental Solutions (EES) and its waste treatment facility in Gum Springs, Arkansas to Veolia ES Technical Solutions (VTS) for US$250 million. Per Alcoa, the aluminium firm will be paid US$200 million at closing, which it expects to occur by the end of March. […]

Power Restored To Ghana’s VALCo Smelter After Brief Debt Row

Power is back on at Volta Aluminum Company Limited’s (VALCo) plant in Ghana today after provider Ghana Grid Company Limited (GRIDCo) cut the supply on Monday over VALCo’s outstanding unpaid debt to the firm. The Head of Communications and Public Affairs for Ghana’s Energy Ministry Nana Oppong Damoah confirmed the new state of affairs to […]