Aluminium International Today News

Bauxite operations help earn Noranda revenue

Published: November 01, 2009 by Greg Morris

It is the first quarter since Noranda fully acquired both operations from Century Aluminum Company.

For the third quarter of 2009, Noranda reported net income of $8M, compared to a net loss of $12.1M in Q2 2009 and $22.4M in Q3 2008, the company said in its preliminary…

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Billiton shelves Cambodia bauxite plan

Published: November 01, 2009 by Greg Morris

They have also cancelled plans to build an aluminium refinery in the region, officials said.

The companies have informed the Ministry of Industry, Mines and Energy that they will not use their exclusive right to mine the area under the terms of a 2006 mineral-exploration agreement…

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Chavez grants aluminium loan

Published: September 01, 2009 by Greg Morris

The aluminium firms and Sidor have been the target of protests and worker strikes over poor working conditions and low wages.

Chavez said loans worth $250.4M would be distributed between five aluminium companies, with half disbursed in dollars and half in Venezuela’s bolivars.

The…

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Nalco under fresh terrorist threat

Published: September 01, 2009 by Greg Morris

The threat comes four months after an attack on Nalco’s Panchpatmali bauxite mines in Koraput which claimed the lives of 10 Central Industrial Security Forces (CISF) workers.

In a letter addressed to company executive at the company’s refinery and mines complex at Damanjodi, the red…

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Rio cuts Australian jobs

Published: May 01, 2009 by Greg Morris

It will slow expansion of the Yarwun refinery and the production of bauxite by 23% to 15Mt.

"At current prices around 70% of the industry is currently operating at a financial loss," Rio Tinto said. The cuts are in addition to the 14000 job losses that Rio Tinto announced in…

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Nalco avoids production cut

Published: May 01, 2009 by Greg Morris

The company, which maintains an average monthly inventory level of 5kt of metal had stocks of 20kt at the beginning of last month as demand dropped following the global economic slowdown.

Bangalore-based Jindal Aluminium is one downstream company that buys the metal from…

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