Bauxite Levy In Place for Upcoming Fiscal Year: Ministry of Finance
Jamaica’s Ministry of Finance laid to rest concerns regarding the government’s bauxite levy last week when it addressed Auditor General...
Jamaica
Alpart Plans New Alumina Refinery for Jamaica
Alumina Partners of Jamaica (Alpart) is preparing to build another alumina refinery on the island according to Jamaican Finance Minister Audley Shaw. In remarks made at a town hall in St. Ann, Shaw revealed that the firm is planning to construct its...
Jamaica to Review Environmental Permit Language After Jamalco Dust-Up
Jamaica’s National Environment and Planning Agency (NEPA) said last week that it intends to clarify certain language in some environmental...
Bauxite and Minerals Sector Primed for Growth: Jamaican Mining Minister
Jamaica’s Transport and Mining Minister Lester “Mike” Henry told reporters on Sunday that his country’s bauxite and minerals sector show...
Events
Rusal Completes US$299 MM Sale of Alpart to JISCO
Russian Federation aluminium giant UC Rusal yesterday announced the completion of the sale of Alumina Partners of Jamaica (Alpart) to Jiuquan Iron & Steel (Group) Co. Ltd. (JISCO). Rusal says the sale, in which Jisco tendered US$299 million for the vertically-integrated plant, was completed successfully with all required conditions fulfilled as specified by the previously […]
Reps from Alpart’s Buyer JISCO to Meet with Jamaican PM Next Month
Jamaican officials will be hosting officials from the People’s Republic of China’s Jiuquan Iron & Steel (JISCO) next month. JISCO is the incoming owner of Alumina Partners of Jamaica (Alpart) after purchasing it from UC Rusal for US$300 million last month. A press release from the Jamaican Prime Minister The Most Honourable Andrew Holness explained […]
JISCO Acquires Alpart from Rusal for US$299 MM
Russian aluminium major UC Rusal announced yesterday that it has agreed to sell Alumina Partners of Jamaica (Alpart) to Jiuquan Iron & Steel (Group) Co. Ltd. (‘JISCO’) of China. According to the press release, Rusal will be receiving US$300 million for Alpart, and that the sale is part of Rusal’s efforts to improve the firm’s […]
Noranda Delays Layoffs at Gramercy Plant Until May
The alumina plant in Gramercy, Louisiana has been granted a reprieve. Noranda announced on Tuesday that the layoffs planned at the plant would happen no sooner than May, 2016. This reprieve has temporarily kept the plant’s 113 employees at work. The firm, which filed for Chapter 11 bankruptcy protection in February, cites an ongoing tax […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
