Aluminium Dunkerque

GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt

GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt

The struggle to keep Gupta Family Group Alliance’s assets funded continued last week as its head Sanjeev Gupta continued talks with Glencore plc to refinance the debt of GFG Alliance’s aluminium assets in Europe. Sources told AlCircle over the weekend that Glencore...

Events

Liberty House To Expand Footprint In Mideast With UAE Purchase In 2019

A company official says Liberty House Group has its sights set on aluminium and steel assets in the United Arab Emirates in an effort at expanding its footprint in the Middle East. Liberty House Industries CEO Douglas Dawson explained to a UAE newspaper over the weekend that the move into the Middle East is imminent, […]

Liberty House Secures Funding For Purchase Of Aluminium Dunkerque From Rio Tinto

A financing deal between steel tycoon Sanjeev Gupta’s GFG Alliance and various lending institutions has been struck for the purchase of Rio Tinto Group’s Dunkirk smelter in France. In a press statement, GFG announced the arrangement, which was negotiated on standard terms and provides for five-year committed funds. The total amount financed was not disclosed. […]

Rio Tinto Warns 2018 Aluminium Output May Suffer Due to Rusal Sanctions

Repercussions continue to be felt throughout the global aluminium trade as evidenced by Rio Tinto Group’s announcement on Wednesday that it may revise its 2018 aluminium output on account of sanctions placed upon U.C. Rusal by the United States Treasury Department earlier this month. In the course of its announced production results, the firm projected […]