Aluminium International Today News

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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Anrak gains land for Indian plant

Published: March 02, 2009 by Greg Morris

The company would spend about Rs800bn ($15.4bn) to set up a 1.5Mt capacity refinery besides 250kt capacity smelter and 90MW gas-based captive power plants at Makavaripalem near Visakhapatnam, Andhra Pradesh.

“APIIC has acquired nearly 2100 acres from farmers at Makavaripalem for the…

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Alcoa in Henan Province aluminium partnership

Published: March 02, 2009 by Greg Morris

Alcoa will deploy energy-saving and emissions reducing technologies, bauxite residue disposal and aluminium recycling, to achieve growth in the region.

Under the terms of the agreement Alcoa will work with Henan as a strategic ally on identifying value-added projects for alumina,…

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