Rio Tinto Takes Liberty Group To Arbitration Over Final Payment On Dunkerque Smelter Deal
Anglo-Australian mining giant Rio Tinto Group is taking GFG Alliance to arbitration after the firm said Sanjeev Gupta’s company has...
Liberty House Group
Liberty House In Talks With Alcoa Over San Ciprián Aluminium Smelter
Per the Spanish government, Liberty House is a front-runner to buy Alcoa’s San Ciprián smelter, noting that the two firms are planning on seven weeks of negotiations prior to the emergence of a final deal for the 228 thousand metric tons per...
Sources Say Glencore And Liberty House Among Trio Of Potential Buyers Of Rio Tinto’s Iceland Aluminium Assets
Sources revealed to Reuters late last week that at least three companies, including Glencore plc, have shown a strong interest...
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...
Events
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. […]
GFG Says Plans For Aluminium Wheel Plant in Scottish Highlands Are Still On Track
The Gupta Family Group (GFG) Alliance told local media this week that its plans to construct a new plant in the Scottish Highlands dedicated to the production of aluminium alloy wheels is progressing smoothly. Plans announced shortly after GFG acquired the Fort William plant proposed that it produce up to two million aluminium alloy wheels […]
Sources: Rio Tinto Engaged UBS for Listing Pacific Aluminium on Australian Stock Exchange
According to anonymous sources who spoke to Reuters last week, Anglo-Australian mining giant Rio Tinto Group has engaged Swiss investment bank UBS AG to investigate the possibility of publicly listing Pacific Aluminium on the Australian Stock Exchange (ASX). Reuters said two industry sources revealed on Friday that such a deal was currently in the works. […]
Rio Tinto Pondering Placement of Pacific Aluminium on Australia’s Stock Exchange
Rumors have surfaced in Australian media outlets that Anglo-Australian mining titan Rio Tinto Group is weighing listing Pacific Aluminium on the country’s securities exchange in the near future. According to a column published in The Australian Financial Review earlier today, Rio Tinto is exploring a full or partial listing on the Australian Securities Exchange (ASX) […]
Sanjeev Gupta’s Liberty House to Purchase Aluminium Dunkerque from Rio Tinto for US$500 MM
Rio Tinto’s Aluminium Dunkerque will soon become part of the Liberty House Group family thanks to a binding offer of US$500 million tendered by Sanjeev Gupta’s industrial and metals firm. According to a brief press release issued by Rio Tinto early yesterday, the offer is “subject to final adjustments” and cannot be formally accepted prior […]
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 ...
