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31 July
LONDON,
Dow Jones
|
Vedanta India plans like razing St Pauls Cathedral aid groupA U. K. aid agency said Thursday it has submitted an application to demolish St. Pauls Cathedral in London to protest against a mining companys plan to extract bauxite from a sacred Indian mountain. |
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31 July
MELBOURNE,
Dow Jones
|
Alumina Happy To Keep Pace With Alcoa Despite Higher CostsAlumina Ltd. said Thursday it is happy to continue to keep pace with the growth plans of its joint venture partner Alcoa Inc. (AA) despite the rising cash call from expansions. |
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31 July
MELBOURNE,
Dow Jones
|
Alumina 1st Half Profit Beats Forecasts, Costs RiseAlumina Ltd. posted a first half profit ahead of market expectations Thursday and set the scene for upcoming results from other Australian miners with the revelation of major cost increases that analysts say will be a key theme this reporting season. |
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30 July
MOSCOW,
Dow Jones
|
Rusal: Deripaska, Potanin Not In Norilsk Merger TalksRussian aluminum giant United Company Rusal, which owns about 25% in Russian mining giant OAO Norilsk Nickel, said Wednesday its major shareholder Oleg Deripaska isnt in talks with Norilsks major shareholder Vladimir Potanin about a possible merger of the two metal companies. |
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30 July
MELBOURNE,
Dow Jones
|
BHP Warns Rio Shares Would Fall Without OfferBHP Billiton Ltd. Chairman Don Argus has issued a blunt warning to Rio Tinto Ltd. shareholders Wednesday that their stock would be trading lower without the support of BHPs US$170 billion takeover offer. Argus said BHPs offer of 3.4 of its shares for every Rio Tinto share represents a "substantial premium" of 45% and that this has been reflected in a large increase in Rio Tintos shares relative to BHP shares since the proposal became public. |
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30 July
LONDON,
Dow Jones
|
Rexam 1st Half Strong, Mkts Still BuoyantConsumer packaging company Rexam PLC Wednesday reported a strong increase in first-half |
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30 July
HONG KONG,
Dow Jones
|
Chinalco 1H Profit CNY7 Bln; Revenue Over CNY70 BlnAluminum Corp. of China, or Chinalco, said in a statement Wednesday its first-half profit totaled CNY7 billion (US$1.03 billion) and its revenue during the period topped CNY70 billion. |
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29 July
LONDON,
Dow Jones
|
Vedanta: Jharsuguda Aluminum Smelter Expansion On ScheduleWork on the second phase expansion at the Jharsuguda aluminum smelter in India is on schedule, with the first phase of the plant commissioned in May, metals and mining company Vedanta Resources PLC said Tuesday. |
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28 July
DUBAI,
Dow Jones
|
Saudi Maaden, Rio Tinto JV To Cost $10.5B, Up From $7.5B CEOSaudi Arabian Mining Co., or Maaden, will spend $10.5 billion on its integrated aluminum project with Rio Tinto Alcan (RIO.LN), up from the initial $7.5 billion estimated earlier this year, the companys top executive told Zawya Dow Jones. "The aluminum project with Rio Tinto Alcan is worth $10.5 billion and this has been reconfigured to produce 750,000 tons of aluminum (per year) rather than the 650,000 tons we started with in our earlier feasibility studies," Abdullah Dabbagh, Maadens chief executive officer told Zawya Dow Jones in an interview Sunday. |
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25 July
SYDNEY,
Dow Jones
|
Rio Tinto To Double Uranium Output, Move To PotashRio Tinto Ltd.'s (RTP) plans to double uranium output within the next five years center on raising production at its existing operation in Namibia, but the miner is also in talks for new opportunities in Kazakhstan and Jordan, Preston Chiaro, chief executive of energy and minerals, said Friday. |
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23 July
MELBOURNE,
Dow Jones
|
BHP Billiton Posts Record 4Q Iron Ore, Copper, Oil OutputBHP Billiton Ltd. (BHP.AU) Wednesday said it posted production records for key commodities of iron ore, copper and oil in the fourth quarter. |
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22 July
MOSCOW,
Prime Tass
|
UC RUSAL eyes inert anode technology in 34 yearsRussian aluminum giant United Company RUSAL plans to start intoroduction of inert anode technology at its plants within three to four years, Viktor Mann, the director of the company’s engineering division, said in an interview with Prime-Tass Tuesday. |
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21 July
MELBOURNE,
Dow Jones
|
Alumina Says Costs Higher At Alumar, Juruti ProjectsAlumina Ltd. (AWC.AU) announced Monday major cost blowouts for the Alumar refinery expansion and Juruti mine development in Brazil. |
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21 July
HONG KONG,
Dow Jones
|
Chalco Cuts Output At Two Shanxi Plants On Power ShortageAluminum Corp. of China Ltd. (ACH), or Chalco, expects two of its aluminum smelters in Chinas northern Shanxi province will have to cut production by a total of 30,000 metric tons this summer because of an ongoing power shortage. |
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18 July
Pittsburg,
Press Release
|
ALCOA, YUTONG introduce eco-friendly buses for beijing gamesAlcoa, the worlds leading aluminum company, and Zhengzhou Yutong Bus Company (Yutong), Chinas largest bus manufacturer and the number two producer in the world, today introduced two new environmentally-friendly bus prototypes that will be displayed and road tested during the 2008 Summer Olympic Games in Beijing next month. The new aluminum-intensive bus body is approximately 46 percent lighter than a traditional bus and, therefore, requires less fuel and emits fewer greenhouse gases. |
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17 July
SYDNEY,
Dow Jones
|
Rio Tinto: 2Q Iron Ore Output Up 13%, Copper DownRio Tinto Ltd. (RIO.AU) Wednesday posted record quarterly output for iron ore for the three months to June but reported sharply lower refined copper production because of scheduled maintenance at its Kennecott smelter, lower grades and problems with mining equipment availability. Rios aluminum division recorded another round of big output jumps, as a result of last years US$38.1 billion Alcan takeover. Bauxite production doubled to 8.515 million tons, alumina more than tripled to 2.266 million tons and aluminum production stood at 1.348 million tons. |
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16 July
MOSCOW,
Dow Jones
|
RUSAL 1H 2008 revenue up 14% TO $8 billionRussian privately-owned aluminum producer United Company Rusal Wednesday said its revenue increased over 14% to $8 billion in 2008 in the first half of 2008 due to increased production. UC Rusal, the largest aluminum and alumina producer in the world, said in a statement its first six months aluminum production was up 7.8% at 2.2 million metric tons and its alumina production was up 1.4% at 5.7 million metric tons. |
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15 July
MOSCOW,
Dow Jones
|
Rusal Says Eying Energy And Metal Projects In Saudi ArabiaRussian aluminum giant United Company RUSAL is holding talks with Saudi Arabian state company Maadin to build a power and metallurgy complex in the desert kingdom, according to documents provided during the visit of Saudi Arabia National Security Councils Secretary-General Prince Bandar bin Sultan bin Abdul Aziz Al Saud to Moscow. |
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14 July
STOCKHOLM,
Dow Jones
|
Norsk Hydro Sees 2Q Hit By Input Costs, Power Sourcing PactsNorsk Hydro said Monday it expects to report an underlying EBIT of approximately NOK1.6 billion for the second quarter compared to an underlying EBIT of NOK2.0 billion in the first quarter. |
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10 July
SHANGHAI,
Dow Jones
|
20 China Aluminum Smelters To Cut 5%-10% OutputA plan by 20 major aluminum smelters in China to cut output sent prices of the metal spinning to a record high Thursday, despite market watchers playing down the impact on supplies. Analysts said an output cut of between 5%-10% over the next month will mean a production loss of about 100,000 metric tons of aluminum. The three-month LME aluminum price was quoted at $3,310 a metric ton at 1113 GMT. It hit a fresh record of $3,350 earlier on news that China the worlds biggest aluminum producer will cut output soon. |
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10 July
MELBOURNE,
Dow Jones
|
Rio Sells Kintyre As Part Of Divestment PlanRio Tinto Ltd. (RTP) has sold its Kintyre uranium project in Western Australia state to Cameco Corp. (CCJ) and Mitsubishi Corp. (8058.TO) for US$495 million as it presses on with plans for US$15 billion worth of asset sales aimed at paying down debt. Rio Tinto is targeting US$10 billion worth of asset sales this year and has said it will sell at least US$15 billion in total to help pay down the US$40 billion in debt it took on to fund its US$38.1 billion takeover of aluminum producer Alcan. |
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9 July
Pittsburg,
Dow Jones
|
Alcoa Trims Growth Forecast For 2008 Aluminum DemandAlcoa Inc. (AA) has trimmed its forecast for 2008 growth in worldwide aluminum consumption to 7.9% from 8.5%, although the company described the global aluminum market as "robust" overall. "Global supply and demand are essentially in balance," Chief Financial Officer Chuck McLane told analysts on a post-earnings conference call Tuesday. "Aluminum prices have continued to show strength." |
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9 July
Pittsburg,
Dow Jones
|
Alcoa 2Q Net Down 24% But Shares Up As Results Beat EstimatesAlcoa Inc.'s (AA) second-quarter net income dropped 24% as aluminum prices failed to keep pace with climbing costs. Still, shares rose 4% in after-hours trading as the results beat Wall Streets expectations. Shares were at $33.65 after hours after the Dow components stock closed down 3.2% at $32.33 in regular trading. |
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8 July
YAOUNDE,
Dow Jones
|
Cameroon Has Aluminum Reserves For 50 Years Government MinisterCameroon has 50 years of aluminum reserves remaining, but investment in infrastructure is desperately needed, a senior official at the countrys Ministry of Industries, Mines and Technological Development told state-run Cameroon Radio. |
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8 July
JOHANNESBURG,
Dow Jones
|
Coal Of Africa, Rio Tinto In JV, Farm Swap AgreementCoal of Africa Ltd. Monday said it has entered into a memorandum of understanding with Kwezi Mining and Chapudi Coal, joint venture companies held by Rio Tinto PLC (RTP) and the Kwezi Group of South Africa. |
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7 July
Melbourne,
Dow Jones
|
BHP Extends EU Assessment Of Rio Bid To December 9MELBOURNE -(Dow Jones)- BHP Billiton Ltd. (BHP) said Monday it has exercised its right to ask for a 20 day extension of the European Commissions review of its bid for rival Rio Tinto Ltd. (RTP), meaning an offer document for the bid could come as late as March 2009. |
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4 July
Shanghai,
Dow Jones
|
Aluminum Corp Of China Plans To Sell CNY3B 1-Year Bills WedSHANGHAI (Dow Jones)-Aluminum Corp. of China Ltd. (ACH), Chinas largest alumina producer by output, said Friday it plans to sell CNY3 billion worth of one-year bills Wednesday. |
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3 July
New Delhi,
Dow Jones
|
India National Aluminum Seeks 51% Stake In Tajik Co -ReportNEW DELHI (Dow Jones)-Indias state-run National Aluminium Co. is awaiting government approval to buy a 51% stake in Tajik Aluminium Company, or Talco, the Financial Express reported Thursday, citing unnamed sources. |
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1 July
Netherlands,
Press Release
|
European aluminium award 2008 call for entriesCompanies with an innovative product that incorporates aluminium can win an important prize by taking part in this year’s European Aluminium Award. Winning a prestigious prize such as this European Aluminium Award not only recognises your innovative approach to business, but is also an important stimulus that helps to promote your company. The Awards will be handed out during the International World Trade Fair ALUMINIUM 2008, which is held on 2325 September 2008 at Messe Essen in Germany. |