31 December
London,
Dow Jones

Energy and Resources News Round-Up: Dec 24 — Dec 31

Mining giant Rio Tinto PLC. (RTP) continued to defend itself against an unsolicited offer from larger rival BHP Billiton Ltd. (BHP) on Thursday, Dec. 27, saying it had greater potential as a standalone company. Russian aluminum giant UC Rusal said Tuesday, Dec. 25, that it intends to purchase an additional 2% in the world largest nickel producer, OAO Norilsk Nickel (GMKN.RS), from KM Invest. Rusal sent an official letter to the chief executive of KM Invest, the aluminum giant said in a statement.

28 December
Sydney,
Dow Jones

Hart Eyeing Alcan Assets For Packaging Empire — Report

SYDNEY (Dow Jones)-New Zealand billionaire Graeme Hart is believed to be considering a bid worth up to US$5 billion for the packaging arm of Alcan Inc. (AL), which was absorbed as part of Rio Tinto Ltd.'s (RTP) acquisition of the aluminum giant last year, Australian newspapers reported Friday.

27 December
Sydney,
Dow Jones

Rio Tinto Continues Rejection Of Unsolicited Bhp Billiton Bid 

SYDNEY (AP)-Mining giant Rio Tinto Ltd. (RIO.AU) continued to defend itself against an unsolicited offer from larger rival BHP Billiton Ltd. (BHP.AU) on Thursday, saying it had greater potential as a standalone company.

25 December
Moscow,
Dow Jones

Rusal Plans To Buy Added 2% Stake In Norilsk Nickel

MOSCOW (Dow Jones)-Russian aluminum giant UC Rusal said Tuesday that it intends to purchase an additional 2% in the world largest nickel producer, OAO Norilsk Nickel (GMKN.RS), from KM Invest.

22 December
Moscow,
Dow Jones

Alcoa To Sell Packaging,Consumer Units To Rank For $2.7 Billion

Alcoa Inc. (AA) agreed to sell its packaging and consumer businesses to New Zealand-based Rank Group Ltd. for $2.7 billion.

21 December
Moscow,
Dow Jones

Rusal Proceeds To Buy 25% Of Norilsk Nickel From Onexim

MOSCOW (Dow Jones)-United Co. Rusal, Russia’s largest aluminum and alumina producer, said Friday it is proceeding to buy a 25% plus one share interest in OAO Norilsk Nickel (GMKN.RS), a deal that may lead to full control of the world’s largest nickel producer.

19 December
London,
Dow Jones

Rio Tinto Alcan Inaugurates New Aluminum Facilities

LONDON (Dow Jones)-Rio Tinto Alcan has inaugurated new facilities at its aluminum sheet facility in France, it said in a statement Wednesday.

18 December
Hong Kong,
Dow Jones

Chalco Ups Spot Alumina Price 10.5% To CNY4,200/Ton

HONG KONG (Dow Jones)- Aluminum Corp. of China Ltd. (ACH) Tuesday raised the price of spot alumina for the second time in three weeks to reflect tightening supply.

17 December
Moscow,
Dow Jones

Rusal Picks Former Anglo American Exec As Non-Exec Director

MOSCOW (Dow Jones)-United Co. Rusal, Russia’s largest aluminum and alumina producer Monday, said it has appointed Simon Thompson as an independent non-executive Director.

13 December
Moscow,
Dow Jones

Kaiser Aluminum Raises Revolving Credit Facility To $265 Million

Kaiser Aluminum Corp. (KALU) increased its revolving credit facility to $265 million from $200 million.

13 December
Shanghai,
Dow Jones

DJ China Spot Alumina Prices Up 9.5%; Chalco May Increase Prices

SHANGHAI (Dow Jones)-Spot alumina prices in China have increased by 9.5% in less than three weeks to CNY4,200 a metric ton, and will probably rise further on strong demand, traders said Thursday.

12 December
Melbourne,
Dow Jones

BHP Billiton Restates Logic Of Rio Tinto Offer

MELBOURNE -(Dow Jones)- BHP Billiton Ltd. (BHP.AU) Wednesday stepped up its pressure on Rio Tinto Ltd. (RTP) to discuss a US$156 billion takeover proposal and said the superior performance of its businesses underpins its all-share offer.

11 December
Melbourne,
Dow Jones

Rio Tinto Moves To Force BHP’s Hand On US$158 Billion Bid 

MELBOURNE -(Dow Jones)- Rio Tinto Ltd. (RTP) has moved Tuesday to force BHP Billiton Ltd. (BHP.AU) to either lodge a formal takeover offer or walk away under the U.K.'s "put up or shut up" rules.

10 December
Shanghai,
Dow Jones

DJ China Regulator OKs Chalco Plan To Absorb Baotou Aluminium

SHANGHAI (Dow Jones) — Aluminum Corp. of China Ltd. (ACH), or Chalco, said Monday China’s securities regulator approved its plan to take over affiliate Baotou Aluminium Co.

10 December
Melbourne,
Dow Jones

Blackstone Plans Bid For Rio Tinto — Telegraph

MELBOURNE -(Dow Jones)- U.S. private equity group Blackstone is reportedly putting together a consortium to launch a takeover bid for Rio Tinto Ltd. (RTP) to rival the proposed offer from BHP Billiton Ltd.

6 December
Moscow,
Dow Jones

Alcoa Signs 17-Year Power Pact For Wenatchee,Wash Smelter

Alcoa Inc. (AA) said Thursday that a 17-year renewable hydropower supply has been approved for its smelter in Wenatchee, Wash.

5 December
Sydney,
Dow Jones

Rio Tinto May Consider Formal Chinese Offer

SYDNEY -(Dow Jones)- Rio Tinto (RTP) is prepared to consider approaches from China after it was reported that Chinese steelmakers may be considering an offer which could value Rio Tinto at more than US$200 billion, the U.K.'s Telegraph newspaper reported on its website Wednesday.

4 December
London,
Dow Jones

BHP Billiton In Dispute With Australian Tax Office

LONDON -(Dow Jones)- BHP Billiton said Tuesday that the Australian Taxation Office (ATO) has issued assessments and is in dispute with BHP Billiton Limited and its subsidiary company, BHP (Direct Reduced Iron) Pty in respect of the 2000 to 2006 income years.

3 December
Melbourne,
Dow Jones

Rio Tinto Asset Sales Draw Early Interest From Buyers

MELBOURNE -(Dow Jones)- Buyers are beginning to signal interest in US$15 billion worth of assets that Rio Tinto Ltd. (RTP) plans to sell and the miner is warning against low ball offers.