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Italy: Novelis opens new continuous casting line at Pieve near Milan
Aluminium rolling and recycling giant, Novelis, has opened a new aluminium recycling and continuous casting line at its Pieve Emanuele facility in Milan, Italy.
USA: Mixed feelings on Alcoa’s stewardship of the Yadkin river
Alcoa, the American aluminium giant, pays a lot of attention to the environment when it comes to its various smelting, mining and refining operations around the world, but the company is facing criticism from some quarters over its stewardship of the Yadkin River in North Carolina.
Australia: Alcoa’s massive drop in profits
Alcoa of Australia has filed full-year accounts and revealed that the company's profits of $106.2 million were down from $569 million. Sales fell by 12% and the company's return on capital was 3% – down from 9.47% at the end of 2011.
Decision in June on Chalco JV, says Rusal
Oleg Mukhamedshin, deputy CEO of Russian aluminium producer UC Rusal, says a decision will be made next month (June) on its planned joint venture projects with Chinese producer Chalco, according to a report by Dow Jones.
India: Severely delayed alumina refinery starts trial production
An alumina refinery project, delayed by almost 20 years due to local and environmental protests, is finally ready to start trial production.
The Gulf: More expansion on the cards for Emal
Emal CEO Saeed Fadhel Al Mazrooei is already looking beyond the Abu Dhabi smelter’s phase ll development in anticipation of major global growth in demand for aluminium.
Mongolia: ETT to develop West Tsankhi coal field to offset loss-making Chalco deal
Mongolian state-owned mine operator Erdenes Tavan Tolgoi (ETT) is to develop the West Tsankhi coal field of its Tavan Tolgoi coal mine in an effort to offset the cost of a coal supply contract with Chinese aluminium producer, Chalco.
The Gulf: Alba posts strong sales figures despite depressed prices
Aluminium Bahrain (ALBA) – the world’s fourth largest smelter – has posted Q1 sales of $498m, up by $2m on the same period for 2012 ($496m).
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