Dunkirk smelter

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...

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Dunkerque Aluminium Smelter Achieves ASI Certification

The Aluminium Stewardship Initiative (ASI) said Wednesday that ALVANCE Aluminium Dunkerque achieved certification to its Performance Standard. Currently Europe’s largest aluminium smelter, the Dunkerque plant produces more than 284 thousand metric tons each year. The plant, which employs almost 600 workers, specializes in aluminium slab and ingot that are used to produce value-added products for […]

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 […]