Century Aluminum Company and Noranda Aluminum Holding Corporation announced today that Larry Holley has been named president and general manager of Gramercy Alumina, LLC and St. Ann Bauxite Limited, effective May 8, 2008.
“We are delighted with Larry’s appointment,” said Century’s chief operating officer Wayne R. Hale. “His technical background, mining experience and energy expertise make [...]
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 [...]
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 [...]
Abu Dhabi government investment agency Mubadala Development said it plans to join state-run Dubai Aluminium to create a company to buy stakes in bauxite mining companies and develop reserves of the ore.
The two companies will set up Emal International to look at acquisitions or developments in countries such as Algeria, Morocco and India, Mubadala’s chief [...]
Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in [...]
Saudi Arabia’s Western Way For Industrial Development yesterday said it had signed three agreements with Gerald Metals of the US to help it develop an estimated $4bn aluminum complex on the country’s Red Sea coast.
Under the agreements, Connecticut-based Gerald and its affiliates will supply bauxite to Western Way’s aluminum refinery and offtake all aluminium produced [...]
Norway’s Norsk Hydro has agreed with Australia’s United Minerals Corporation (UMC) to explore the possibility of bauxite mining and alumina refining in the Kimberley region of Western Australia.
“A final agreement would give Hydro a 75 percent holding in a potential bauxite and alumina project, in line with Hydro’s strategy to grow in primary aluminium production [...]
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 [...]
Saudi Arabian Mining Company has entered into a $7bn joint venture with aluminium major Alcan, Arab News reported. The integrated project will include bauxite mining, alumina refining, a power plant and aluminum smelting. A first phase includes developing a 90m-tonne bauxite reserve, and building a 1,400 MW power plant; an alumina refinery with a capacity [...]
Finding enough bauxite sources to feed the upcoming aluminium smelters in the Gulf will be a challenge as the region begins to emerge as a major producer of the metal. Availability of cheaper energy has encouraged new investment in aluminium production in the region.
Power is responsible for roughly one-fourth of a smelter’s operating costs, while [...]
