29 February
Hong Kong,
Dow Jones

Chalco:Bid For Parent’s Aluminum Units Subject To Bd Approval

HONG KONG (Dow Jones)-Any bid by  Aluminum Corp. of China Ltd. (ACH) for its parent’s aluminum assets will be subject to board approval, Company Secretary Liu Qiang said Friday.   
Chalco’s parent, Aluminum Corp. of China, or Chinalco, said earlier this week it will sell its controlling stakes in six aluminum units for at least CNY4.17 billion (US$583 million).

28 February
Moscow,
Dow Jones

Rusal: Output Costs, Demand Will Push Aluminum Prices Higher

MOSCOW (Dow Jones)-Rising production costs and growing global demand are likely to drive aluminum prices higher in the coming months, the world’s largest producer of the metal said Thursday.

27 February
London,
Dow Jones

Power Cuts To Aluminum Smelters Unsafe Long Term-BHP

LONDON -(Dow Jones)- A compulsory 10% reduction in power supply to BHP Billiton’s (BHP) aluminum smelters isn’t safe or sustainable long term, the company said Wednesday.

27 February
Melbourne,
Dow Jones

Australia’s ACCC: Won’t Oppose Chinalco’s Stake In Rio Tinto

MELBOURNE (Dow Jones)-Australia’s competition regulator Wednesday said it won’t oppose the acquisition of a stake in Rio Tinto Ltd. (RTP) by Aluminum Corp. of China, also known as Chinalco.

26 February
Beijing,
Dow Jones

Chinalco To Sell Controlling Stakes In 6 Aluminum Cos

BEIJING (Dow Jones)- Aluminum Corp. of China, or Chinalco, said Monday it will sell its controlling stakes in six aluminum units for at least CNY4.17 billion (US$583 million).

25 February
London,
Dow Jones

Rio Tinto Sees Aluminum Mid-$3,000/Ton If More Disruptions

LONDON -(Dow Jones)- Another disruption to aluminum production this year, particularly in China, could push prices past the mid-$3,000 a metric ton level, Rio Tinto Alcan Chief Executive Richard Evans said Monday.

22 February
Moscow,
Dow Jones

Rusal Launches Alscon Aluminum Smelter In Nigeria

MOSCOW (Dow Jones)-Russian metals producer United Co. Rusal Friday said it had launched its Alscon aluminum smelter in Nigeria.

19 February
Moscow,
Dow Jones

Kaiser Aluminum 4Q Net Doubles To $24.4 Million Vs $11.9 Million

Kaiser Aluminum Corp. (KALU) said Tuesday fourth-quarter earnings more than doubled to $24.4 million, or $1.20 a share, from $11.9 million, or 59 cents a share, a year earlier, as the company capitalized on strong demand for aerospace and defense-related products.

18 February
Stockholm,
Dow Jones

Outotec Gets Chinese Aluminum Tech Orders Worth EUR17 Million

STOCKHOLM -(Dow Jones)- Outotec said Monday it has won several aluminum technology orders from Chinese aluminum smelters related to major expansions or process improvements.

14 February
Melbourne,
Dow Jones

Chinalco, Alcoa MOU Shows Original Plan For Higher Rio Stake

MELBOURNE -(Dow Jones)- Aluminum Corp. of China, also known as Chinalco, and Alcoa Inc. (AA) had made plans to potentially take an even larger stake in Rio Tinto PLC (RTP) than the 12% they paid US$14.5 billion for, according to a memorandum of understanding signed by the pair.

13 February
London,
Dow Jones

Rio Tinto Sees Opportunity To Work With Chinalco

LONDON -(Dow Jones)- Rio Tinto PLC (RTP) Chairman Paul Skinner Wednesday said there are opportunities for his company to work with Aluminum Corp. of China, the state-owned company that recently became Rio Tinto’s biggest shareholder.

11 February
Kuala Lumpur,
Dow Jones

Rio Tinto, Malaysian Firm Say Power Deal Signed -AFP

KUALA LUMPUR (AFP)-Global mining group Rio Tinto (RTP) and its local partner said Monday they had signed a deal with a Malaysian utility for power supply for a planned aluminum smelter on Borneo island.

6 February
London,
Dow Jones

Rio Tinto Rejects BHP Billiton’s $147.4 Billion Offer

LONDON -(Dow Jones)- Rio Tinto PLC (RTP) Wednesday rejected BHP Billiton Ltd.'s (BHP) $147.4 billion hostile takeover offer, saying it significantly undervalues Rio Tinto and provides no basis for negotiations between the companies.

6 February
London,
Dow Jones

Rusal Ups Output By 55% At Irkutsk Aluminum Smelter

LONDON (Dow Jones)-Production capacity at the Irkutsk aluminum smelter in Shelekhov, Russia, has been hiked by 55% to 460,000 metric tons a year, the plant’s owner UC Rusal said Wednesday.

6 February
Melbourne,
Dow Jones

BHP Billiton Sweetens Bid For Rio Tinto

MELBOURNE -(Dow Jones)- BHP Billiton Ltd. (BHP.AU) Wednesday sweetened its offer for mining giant Rio Tinto Ltd. (RTP) with a bid it said values its rival at US$147.7 billion, an offer analysts said could be enough to bring Rio Tinto to the negotiating table.

5 February
Canberra,
Dow Jones

DJ China Foreign Min: Chinalco’s Rio Tinto Stake A Mkt Decision

CANBERRA (Dow Jones)-China’s Foreign Minister Yang Jiechi said Tuesday Aluminum Corp. of China’s (ACH) decision to take a stake in Anglo-Australian mining giant Rio Tinto PLC (RTP) was a market decision, and wasn’t influenced by its Chinese government ownership.

4 February
Melbourne,
Dow Jones

Chinalco Says No Plans To Increase Rio Tinto Stake

MELBOURNE -(Dow Jones)- Aluminum Corp. of China (ACH) President Xiao Yaqing Monday said his company has no plans to increase its stake in Anglo-Australian mining giant Rio Tinto PLC (RTP), and even dangled the possibility of selling its holding to BHP Billiton Ltd. (BHP) in the unlikely event of its rival offering a premium to the surprise GBP60 a share the Chinese giant paid last week.

4 February
Moscow,
Dow Jones

Rusal Names Tatyana Soina As Acting Financial Director

MOSCOW (Dow Jones)-Russian aluminum producer United Co. Rusal said Monday it had appointed Tatyana Soina as acting financial director.

4 February
London,
Dow Jones

UC Rusal, CPI Sign MoU For Guinea Bauxite, Alumina Complex

LONDON (Dow Jones)- UC Rusal has signed a memorandum of understanding with China Power Investment Corp., or CPI, to build a bauxite-alumina complex in Guinea and an energy and metal complex in China, the Russian aluminum company said Monday.

1 February
London,
Dow Jones

Chinalco, Alcoa Build A 12% Stake In Rio Tinto

LONDON (Dow Jones)- Aluminum Corp. of China Ltd., or Chinalco (ACH), and American aluminum giant Alcoa Inc. (AA) Friday said they had purchased a 12% stake in miner Rio Tinto PLC (RIO), creating a new wrinkle in BHP Billiton Ltd.'s (BHP) effort to take over its smaller rival.