All about aluminium

31 January Moscow, Dow Jones	Russian Regulator Approves Rusal Buying 29% +1 Shr In Norilsk MOSCOW (Dow Jones)-Russia’s Federal Antimonopoly Service, or FAS, said Thursday it had approved Russian aluminum producer United Co. Rusal’s purchase of a 29%-plus-one-share stake in OAO Norilsk Nickel (GMKN.RS).
31 January Moscow, Dow Jones	Global Alumina: Refinery Project Costs Rise To $4.3 Billion Global Alumina Corp. (GLAU.U.T) said the estimated cost to complete the construction of the Guinea Alumina refinery project in the Republic of Guinea has increased 35% to $4.3 billion from $3.2 billion.
31 January Melbourne, Dow Jones	Alumina Fiscal Year Net Down 15% At A$436.4 Million MELBOURNE -(Dow Jones)- Alumina Ltd. (AWC.AU) Thursday posted a full year net profit of A$436.4 million, down 15% on the A$511.1 million it posted the previous year.
30 January Melbourne, Dow Jones	Rio Tinto: US$2B Kikimat Smelter Upgrade Submitted To Board MELBOURNE (Dow Jones)-Rio Tinto Ltd. (RTP) said Wednesday it will submit a planned US$2 billion modernization of the Kitimat smelter for board approval after an energy purchase agreement was accepted by the British Colombia Utilities Commission.
29 January London, Dow Jones	UC Rusal Full Year Rev +11% On Rising Production LONDON (Dow Jones)-Russia’s United Company Rusal, the world’s largest aluminum producer by volume, Tuesday said that rising production and investment boosted full-year revenue by more than 11% and the company is pushing ahead with plans to become a global diversified metals and mining giant.
29 January Moscow, Dow Jones	Alcoa,Brunei To Extend Feasibility Study On Aluminum Plant Alcoa Inc. (AA) and the Brunei Economic Development Board signed a memorandum of understanding to enable to more detailed studies into the feasibility of establishing a modern, gas-powered aluminum smelter in Brunei Darussalam.
29 January Johannesburg, Dow Jones	Rio Tinto South African Aluminum Smelter Project Proceeding JOHANNESBURG (Dow Jones)-Rio Tinto PLC’s (RTP) planned $2.7 billion aluminum smelting complex in South Africa is proceeding on schedule, although the company is in regular talks with the state power company regarding the supply of electricity for the proposed plant, a company spokesman said Tuesday.
29 January London, Dow Jones	UC Rusal Net Debt $8.8B At End 2007 LONDON (Dow Jones)-Russian privately owned aluminum producer United Company Rusal Tuesday said full-year revenue increased by over 11% to $14.3 billion in 2007, compared with $12.9 billion in 2006, due to rising production and investment.
29 January Moscow, Dow Jones	Alcoa Exec VP Thomas Leaves Co Alcoa Inc. (AA) said Monday that Executive Vice President Paul D. Thomas will leave the company to join Rank Group Ltd. upon the closing of the sale of Alcoa’s packaging and consumer businesses to Rank Group.
28 January Beijing, Dow Jones	DJ Baosteel,Chinalco To Take Stakes In Jet-Making Venture-Report BEIJING (Dow Jones)-Baosteel Group Co. and Aluminum Corp. of China, or Chinalco, are expected to take stakes in an airplane-making venture, the Shanghai Securities News reported Monday, citing an unnamed official at China Aviation Industry Corp. I.
25 January Beijing, Dow Jones	Rio Tinto CEO: BHP’s Proposal Far Below Company Value BEIJING -(Dow Jones)- U.K.-based mining giant Rio Tinto PLC (RIO) Friday reiterated its contention that rival miner BHP Billiton Ltd.'s (BHP) takeover proposal is far below the company’s value.
24 January Hong Kong, Dow Jones	Chalco Shuts 2 Aluminum Units,Blames Pwr Shortage HONG KONG (Dow Jones)-The shutdown by Aluminum Corp. of China (ACH), or Chalco, of two aluminum production units in Guizhou province is likely to lend support to domestic aluminum prices in the first quarter.
23 January Sydney, Dow Jones	BHP Billiton Board To Meet In Melbourne Jan 30 SYDNEY -(Dow Jones)- BHP Billiton Ltd.'s (BHP.AU) board will meet Jan. 30, shortly before the deadline for the group to formalize its US$111 billion offer for rival miner Rio Tinto, a person familiar with the situation said Tuesday.
22 January Moscow, Dow Jones	Alcoa Sets Aluminum Beverage Can Recycling Rate Goal Alcoa Inc. (AA) set a goal to raise the industry’s beverage can recycling rate in North America to 75% from 52% by 2015.
22 January Melbourne, Dow Jones	BHP Billiton Likely To Raise $70 Billion Without Difficulty MELBOURNE -(Dow Jones)- BHP Billiton Ltd. (BHP.AU) will have no trouble raising the $70 billion it needs to help fund its $111 billion takeover bid for Rio Tinto Ltd. (RTP), a person close to the matter said Tuesday.
21 January Sydney, Dow Jones	Power Cuts Hit BHP’s South African Aluminum Smelters In Jan SYDNEY -(Dow Jones)- Power shortages in South Africa have curbed electricity supply to BHP Billiton Ltd.'s (BHP) aluminum smelters during January, a company spokeswoman said Monday.
18 January Sydney, Dow Jones	Rio Tinto’s Africa Aluminum Smelter Project Still On Track SYDNEY -(Dow Jones)- Rio Tinto Ltd. (RTP) said Friday its US$2.7 billion Coega aluminum smelter in South Africa was still on track, despite comments from power company Eskom that Coega’s supply needs to be reviewed.
17 January London, Dow Jones	Rio Tinto Aims For $10 Billion From Asset Sales In 2008 LONDON -(Dow Jones)- A "long queue" of potential buyers has formed for the assets to be sold by mining company Rio Tinto PLC (RIO.LN), a senior company executive said in the transcript of a call to investors published on its Web site Thursday.
16 January Melbourne, Dow Jones	Rio Tinto Posts Record Iron Ore, Aluminum Output MELBOURNE -(Dow Jones)- Rio Tinto Ltd. (RTP) posted record annual iron ore and aluminum output in 2007 and said Wednesday that production growth is set to accelerate in 2008.
15 January Melbourne, Dow Jones	BHP Billiton Still Mulling Options On Rio Tinto Bid — Source BHP Billiton Ltd. is still considering the next move in its takeover tussle with rival Rio Tinto Ltd. despite ongoing rumors that it may soon lodge a higher offer, a person familiar with the situation said Tuesday.
11 January Melbourne, Dow Jones	Rio Tinto Says Dampier Port Upgrade Project Completed Rio Tinto Ltd. said Friday it completed the US$1.4 billion upgrade of its Dampier Port in Western Australia on time and on budget.
10 January San Francisco, Dow Jones	Aluminum Sits Out Rally In Copper, Gold As Construction-Use Flags Aluminum, found in everything from beer cans to airplane wings to window sills, has lately found its nemesis: the U.S. construction market, where a fall-off in demand has sapped prices even as other metals hit new highs.
10 January San Francisco, Dow Jones	Alcoa Earnings Surge After Sale Of Business Units Alcoa Inc., the first of the Dow industrials to report this earnings season, posted Wednesday a 76% surge in fourth-quarter profit, benefiting from the aluminum giant’s move to sell off its packaging and consumer businesses in December.
10 January San Francisco, Dow Jones	Alcoa Sees '08 Global Aluminum Demand Up 9.6% Alcoa Inc. (AA) is forecasting 9.6% growth in worldwide primary aluminum consumption this year, a slight dip from last year’s projected 10% increase in consumption.
9 January Melbourne, Dow Jones	Rio Tinto, Ivanhoe Mongolia Project Output Delayed Rio Tinto Ltd. (RTP) said Wednesday that the first output at its planned Oyu Tolgoi joint venture project in Mongolia would be delayed until 2011 from 2010 following reports of a hold up in approval for the project by the country’s parliament.

Aluminium News