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30 April
NEW YORK,
Press Release
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Alcoa Agrees to Sell Its Wire Harness and Electrical Distribution Business to Platinum EquityAlcoa announced today that it has agreed to sell its wire harness and electrical distribution business to Platinum Equity, a California-based private equity group. The terms of the sale were not disclosed. The wire harness and electrical distribution business is the largest part of the Alcoa Electrical and Electronic Solutions business which the Company announced was for sale in January. |
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29 April
NEW YORK,
Press Release
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Alcoa’s Suralco To Acquire Joint Venture Interests of BHP Billiton in SurinameAlcoa World Alumina LLC and Billiton Suriname Holdings B. V. have reached an agreement in principle where Suriname Aluminum Company LLC (Suralco), an Alcoa subsidiary, will acquire the bauxite and alumina refining interests of N.V. BHP Billiton Maatschappij Suriname (BMS), a BHP Billiton subsidiary, in Suriname. Terms are not disclosed. |
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29 April
OSLO,
Press Release
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Economic downturn leads to Norsk Hydros first-quarter lossesHydro had an underlying loss before financial items of NOK 493 million in the first quarter of 2009, down from an underlying EBIT of NOK 868 million in the previous quarter. The results reflect the deepening global economic downturn, with historically low aluminium prices and a further fall in already weak downstream markets. |
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28 April
RIO DE JANEIRO,
Press Release
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Vale partners with DUBAL to its alumina projectCompanhia Vale do Rio Doce (Vale) announces that Dubai Aluminium Company Limited (DUBAL), which operates one of the largest single site aluminum smelters in the world and the industrial flagship of Dubai, has become a partner in its subsidiary Companhia de Alumina do Pará (CAP). |
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23 April
CLEVELAND,
Press Release
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Lamborghini Selects Alcoa Wheels for Murciélago LP 6704 SuperVeloceAlcoa Auto Wheels has been selected by Automobili Lamborghini to supply lightweight wheels for the Murciélago LP 6704 SuperVeloce (SV). The forged aluminum wheels reduce un-sprung weight and contribute to the SV’s 100kg (220 lb.) mass reduction over the standard Murciélago. |
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22 April
MELBOURNE,
Press Release
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BHP BILLITON production report for the nine months ended 31 March 2009Against a backdrop of weak demand, BHP Billiton achieved sound operational results, albeit with lower production compared to the December 2008 quarter. This quarter’s production reflects management proactive and decisive actions in response to the challenging market conditions. These actions include previously announced production curtailments in Samarco, Samancor Manganese and across our metallurgical coal operations. |
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21 April
MOSCOW,
Press Release
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UC RUSAL announces Q1 results of Cost Efficiency Leader programmeUC RUSAL, the world’s largest aluminium and alumina producer, today provides a Q1 update on the impact of its Cost Efficiency Leader programme, aimed at counteracting the consequences of the global economic downturn and increasing the efficiency of the company’s business. |
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20 April
MELBOURNE,
Press Release
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Rio Tinto appoints ChairmanJan du Plessis assumes the role of chairman of the boards of Rio Tinto with effect from today, 20 April 2009. He joined the boards of Rio Tinto as a non executive director on 1 September 2008 and his appointment as chairman was announced on 18 March 2009. |
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19 April
CLEVELAND,
Press Release
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Alcoa Announces Ratified Contract Extension with UAW Local 1050Alcoa (AA) announced today that members of the United Auto Workers Local 1050 at the company’s Cleveland Works facility have ratified a two-year extension of their current labor agreement with the Company. |
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17 April
OSLO,
Press Release
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Bentley chooses coated aluminium tube from Hydro for flex-fuel vehicleThe compatibility of aluminium with alternative fuels is an important topic for automotive applications. Hydro has already passed one test: It is delivering coated aluminium tubes for Bentleys dazzling new flexible-fuel vehicle. |
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16 April
DUBAI,
Press Release
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DUBAL in JV with Vale to develop alumina refinery in BrazilAiming to secure the raw materials required to fuel the company’s future growth strategy, Dubai Aluminium Company Limited (“DUBAL”) – the world’s largest modern aluminium smelter with a captive power station – has entered into an agreement with Vale to develop a green-field alumina refinery in Brazil’s northern State of Pará. The transaction is subject to the fulfillment of certain customary conditions. |
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16 April
OSLO,
Press Release
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Hydro: A century on the Oslo stock exchangeIt is 100 years today since Hydro was first listed on the stock exchange. Shares in the company were first traded on the stock exchange in Kristiania, as Oslo was then called, on April 16, 1909. Later that year the share was also listed on the stock exchanges of Brussels, Geneva and Paris. |
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16 April
São Paulo,
Press Release
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Brazilian aluminum industry confirms consumption record in 2008The Brazilian Aluminum Association – ABAL- announced the performance of the Brazilian aluminum market in 2008. According to the entity, the domestic consumption of aluminum transformed products grew for the fifth consecutive year, and closed 2008 at 1,023.9 thousand ton, a volume 11.4% above the volume reached in 2007. |
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15 April
MELBOURNE,
Press Release
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Rio Tinto first quarter 2009 operations reviewChief executive Tom Albanese said: "First quarter production was in line with reduced market demand and iron ore was further affected by heavy rains. We have acted swiftly where necessary to reduce costs and conserve cash. Markets remain volatile and the timing of global economic recovery uncertain. We made good progress on divestments in the quarter with sales of $2.5 billion agreed. We remain committed to delivering the Chinalco transaction and our focus is on successfully navigating the regulatory processes before putting it to a shareholder vote." |
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13 April
NORCROSS, Ga.,
Press Release
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Alcoa Kawneer Introduces New Institutional Solutions Brochure Demonstrating Its Capabilities for Education, Healthcare and Public BuildingsAlcoa’s Kawneer business, the leading manufacturer of architectural aluminum building products and systems for commercial construction, has introduced a new institutional solutions brochure that offers architects an array of information and projects-specific examples that shows the flexibility and sustainability of Kawneer’s comprehensive product portfolio. The brochure showcases Kawneer’s strong knowledge of the institutional market, specifically in the education, healthcare and public buildings segments. |
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8 April
NEW YORK,
Press Release
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Alcoa Reports 1st Quarter 2009 ResultsAlcoa on April 7, 2009 reported a 27 percent sequential drop in revenue resulting in a loss of $480 million for the first quarter of 2009, reflecting the impact of the economic downturn on its core industrial and commercial markets as well as an historic decline in aluminum prices. In the quarter, the Company launched a series of operational and financial actions that successfully increased cash, strengthened liquidity and significantly improved the Company’s cost structure. |
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7 April
MELBOURNE,
Press Release
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Rio Tinto Alcan responds to downturn in commodity pricesRio Tinto Alcan today announced it will slow the construction of the Yarwun alumina refinery expansion in Gladstone and curtail annual bauxite production at its Weipa mine to 15 million tonnes (from 19.4 million tonnes in 2008) due to the sharp fall in alumina and aluminium demand and prices in recent months. |
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1 April
Melbourne,
Press release
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German anti-trust clearance for Chinalco transaction receivedRio Tinto notes that Aluminum Corporation of China (Chinalco) has received approval from the German Federal Cartel Office for Chinalcos proposal to enter into a strategic partnership with Rio Tinto, as announced on 12 February 2009. |