Bauxite Mining

Chinese Aluminum Giant Chinalco Says Profit Fell 14 Pct in 2007 on Lower Prices

Aluminum Corp. of China, the country’s biggest aluminum maker, said Tuesday that its net profit fell 13.7 percent in 2007 due to lower product prices. The company, also known as Chinalco, said its 2007 net profit fell to 10.2 billion yuan ($1.4 billion) compared with net profit of 11.8 billion yuan in 2006, it said in an earnings release to the... 

Rios Exploration Scorecard

For major mining companies such as Rio Tinto and BHP Billiton, the future life is a combination of their exploration work and enterprise: to find things on their own, to be approached by other companies in deals , or make acquisitions. Rio growth with Alcan bought last year and is now off fighting an attempt by BHP Billiton to do that to himself. Rio... 

Alba seeking $1bn payout from Alcoa

ALBA is seeking more than $1 billion (BD378 million) in damages from a US corporation it has accused of corruption, it has emerged. Court documents obtained by the GDN allege the company paid exorbitant prices for alumina, amounting to hundreds of millions of dollars and which continue to accumulate today. They state the ‘outrageous’ 15-year... 

Kiwi magnate eyes Alcoa offshoot

Mr Hart’s Rank Group already owns a world-scale packaging operation and has sometimes been mentioned as a possible bidder for Australia’s Amcor. The deal will allow Alcoa, which has been a prime takeover target since its bid early this year for Canada’s Alcan was trumped by Rio Tinto, to concentrate on its bauxite, alumina and aluminium... 

Antam, UC Rusal agree to develop Indonesia`s bauxite deposits

Publicly-listed mining company PT Antam Tbk of Indonesia and UC RUSAL of Russia have agreed to jointly develop bauxite deposits in Indonesia. Antam President Director D. Aditya Sumanagara and UC RUSAL Director for International and Special Projects Alexander Livshits signed a heads of agreement to that effect here on Thursday in front of President Susilo... 

ALCAN Intl NETWORK Opens First Commercial OFFICE IN Vietnam

Alcan Inc. announced that is has opened a new Alcan International Network office in Hanoi, Vietnam. The office, composed of a local sales and marketing team, will offer Alcan and its customers expertise in metals, minerals and downstream products. “Vietnam has shown rapid growth in recent years and is proving to be a highly attractive market”,... 

Saudi Canadian commences Az Zabirah works

After signing a five-year deal with the Saudi Arabian Mining company (Maaden), the Saudi Canadian Mining Services mobilized major capital equipment worth $14 million to Az Zabirah North Zone Kaolin & Bauxite Project for the execution the contract, Arab News reported. The Chief Executive Officer at the Saudi Canadian company said that it had already... 

Russias UC RusAl may build plant in Indonesia

Russian aluminum giant United Company RusAl said Monday it was considering establishing a bauxite and alumina processing complex in Indonesia. Media quoted representatives of Indonesian mining company Antam as saying earlier Monday that there were plans for a joint project with UC RusAl to set up a plant in the southeast Asian country at a cost of $220... 

THE worlds largest aluminium producer is poised to expand its presence in Queensland.

Russia-based Rusal, which already owns a 20 per cent stake in Gladstone’s Queensland Alumina (QAL), is actively investigating establishing a refinery and smelter in the state as part of its stated expansion plans. It comes as Russian companies actively increase their presence in Australia, Russian steel giant Magnitogorsk Iron and Steel Works... 

United Minerals Corporation Releases Drilling Update on Kimberley Bauxite and Pilbara Iron Ore

United Minerals Corporation reported progress on the Kimberley Bauxite project, on which an MOU exists between UMC and the international aluminium producer Norske Hydro. Discussions have proceeded on the final JV documentation over recent months, and Norske Hydro and UMC will meet in early September to address a range of project material including final...