Aluminium International Today News

Miner to develop Vietnamese bauxite site

Published: April 12, 2010 by Greg Morris

The Australian miner and a Vietnamese state-owned company aim to access up to 1.5bnt of bauxite from the Lam Dong and Dak Nong provinces.

Under the plan, Atlantic will join with Vietnam Natural Resources and Environment Corporation (T-MV) for the mine and associated rail and port…

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Idling of Italian smelters leads to strike threat

Published: April 12, 2010 by Greg Morris

It is idling the smelters while it appeals against an EC ruling on energy tariffs. The EC say that Italy’s extension of an existing electricity tariff after 2005 does not comply with EU state aid rules and that a portion of the benefit received by Alcoa should be refunded. Alcoa disagrees…

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Alcoa plans to cut 145 jobs

Published: April 12, 2010 by Greg Morris

The company said the layoffs are in response to a declining demand for its products. The plant is one of the largest aluminium smelting and fabricating facilities in the world and produces aluminium for beverage and food can ends and tabs.

“This is a difficult but necessary decision,”…

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Alumar refinery expansion inaugurated in Brazil

Published: April 12, 2010 by Greg Morris

It means capacity there has doubled from 1.5Mt/y to 3.6Mt/y and Alcoa’s share of the expansion will be 1.1Mt.

 Alumar, located in Maranhão state outside São Luis, Brazil, is jointly owned by Alcoa Aluminio and Alcoa World Alumina and Chemicals/AWAC (54%), BHP Billiton (36%) and Rio…

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Balco disagreement rumbles on

Published: April 12, 2010 by Greg Morris

Earlier a three-day hearing by a panel of three retired Supreme Court judges heard arguments from both the government and the company.

Sterlite, a Vedanta subsidiary, bought 51% of Balco in March 2001 for INR5.5M ($11.9M), when the National Democratic Alliance government decided to sell…

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China’s Yankuang takes Bauxite stake

Published: April 12, 2010 by Greg Morris

The agreement also includes provisions to explore and exploit Bauxite’s tenements in the Darling Range in WA.

Under the proposed alumina refinery JV agreement, Yankuang will contribute 75% of the costs of the refinery to earn 50% interest.

Bauxite Resources will receive a 25% free…

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