Hydro and the metals and mining company Vale have agreed to construct a new alumina refinery in northern Brazil, strengthening Hydro’s future alumina supply in line with its growth strategy.
Under the agreement, which is a conclusion of a memorandum of understanding (MoU) signed by the parties in July 2007, Hydro will hold a 20-percent share [...]

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 [...]

Alcan Inc. announced that its Board of Directors unanimously recommends shareholders reject Alcoa Inc.’s (NYSE: AA) unsolicited offer to acquire Alcan. The Board determined that the offer is inadequate in multiple respects and is contrary to the best interests of Alcan’s shareholders. Accordingly, the Board recommends that Alcan shareholders not tender any of their shares [...]

Alcan announced that it has signed a Heads of Agreement with Saudi Arabian mining company Ma’aden to develop a proposed US$7-billion integrated aluminum “mine-to-metal” project including bauxite mining, alumina refining, power generation and aluminum smelting. Alcan would hold a 49-percent stake in the project and would provide technology and operating management support, with Ma’aden holding [...]

Following news of BHP Billiton’s [NYSE:BHP] interest in a very early stage DRC bauxite project, Marius Klopper, an executive director, says his company is also looking at a stake in Global Alumina’s [TSX:GLA-U] Republic of Guinea-based deposit containing the same commodity.
Bauxite is aluminium ore which is smelted into alumina and then refined into aluminium.
The company [...]

Alcan Inc., the Canadian aluminum supplier and bauxite miner, said Wednesday it swung to a profit in the fourth quarter on higher aluminum prices and sharply lower restructuring charges.
Alcan, based in Montreal, reported net income of $422 million, or $1.13 per share. The latest quarter included a gain of $97 million, or 26 cents per [...]