News

US lifts sanctions

According to reports, the U.S. Treasury will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminium giant Rusal and its parent En+. In April, the U.S. Treasury imposed sanctions on Deripaska, Rusal, En+ and other companies in which he owns stakes, citing "malign activities" by Russia, prompting turmoil in global aluminium markets. After lobbying by European governments, Washington postponed enforcement of the sanctions and started talks with Deripaska's team on removing Rusal and En+ from the blacklist if he ceded control of...

AEC Transshipment case

The Enforce and Protect Act (EAPA) investigation conducted by U.S. Customs and Border Protection (CBP) has determined that there is substantial evidence that Sun Bright International Corporation and Fair Importing Corporation entered merchandise covered by antidumping duty (“AD”) order A-570-967,1 and countervailing duty (“CVD”) order C-570-968,2 into the customs territory of the United States through evasion. CBP determined that these two companies imported into the United States aluminium extrusions from the People’s Republic of China...

Aluminium Dunkerque sale

Sanjeev Gupta’s global GFG Alliance has completed its purchase of Aluminium Dunkerque, Europe’s largest aluminium smelter.   The London-headquartered Alliance said the acquisition of the plant – to be renamed Liberty Aluminium Dunkerque – now paves the way for a downstream investment programme at the plant in order to maximise the value of the aluminium currently made there.  GFG aims to make the Liberty Aluminium Dunkerque 570-worker smelter, bought from Rio Tinto for around US$500m, a foundation for a wider integrated manufacturing business...

EGA power block

Emirates Global Aluminium (EGA), Mubadala and Dubal Holding are to sign an agreement to develop a state-of-the-art power block and a water desalination plant at EGA’s smelter at Jebel Ali in Dubai. The new facilities will improve the efficiency of power for EGA’s aluminium smelting, reducing environmental emissions and natural gas consumption. Mubadala and Dubal Holding are to establish a joint venture to develop the new facilities. EGA intends to buy the facility’s output for 25 years following commissioning. EGA is the largest industrial company in the UAE...

Alupro response

Rick Hindley welcomes the UK Government’s much anticipated Resources and Waste Strategy, which outlines an ambitious direction of travel. The Devil is in the detail, and we strongly believe that robust research, including full impact assessments, must be carried out into all the options.  We are optimistic that the Government will propose measures to ensure the reformed extended producer responsibility system (EPR) will recognise the high value of materials such as aluminium; we look forward to continuing to work with Government to ensure that future systems...

Guinea project update

Emirates Global Aluminium has announced that its bauxite mining project in the Republic of Guinea has reached 75 per cent construction completion. The project has a total budgeted project cost of approximately $1.4 billion and is being developed by EGA’s subsidiary Guinea Alumina Corporation. It is the largest greenfield investment in the West African country in the last four decades. First bauxite exports are expected during the second half of 2019. Almost 3,000 people, of whom more than 80 per cent Guineans, are currently building the GAC project. The project has taken some...

Opening of Bel Air mine

Alufer Mining Limited has announced that the Bel Air mine in Guinea has been officially opened by His Excellency, President Alpha Conde. The inauguration was attended by the Minister of Mines, members of Parliament, Ambassadors from the UK and US and local dignitaries. His Excellency formally opened the export facility by starting the causeway conveyor and commencing loading of the vessel at berth. Over one million tonnes of ore have now been shipped from the project. This is a notable achievement within the first four months of production, a significant part of this being in the...

NK5 sells Baux

NK5, a leading player specialised in turning around and investing in enterprises facing financial and/or operating difficulties, has announced the sale of Baux, the Spanish industrial group devoted to the production of hot- and cold-rolled and lacquered aluminium products from 100%-recycled materials, to Jupiter Aluminum Corporation. Under the ownership of NK5, the Baux companies lifted their revenue to over €200 million in 2017. And in 2018, they have posted a considerable improvement in earnings from 2017. Today, Baux is one of the top 5 players in its sector in Europe. Baux...

Christmas cans

Ball has partnered with Carlsberg Srbija Group to create an exclusive premium can design for Tuborg’s Christmas beer, just in time for the festive holiday.  Designed in collaboration with Ball’s experts, the creative design reflects the dark lager’s caramel notes and festive mood by incorporating the famous Tuborg logo alongside Christmas trees, reindeers and snow. Showcasing Ball’s innovative Eyeris® High Definition printing technique, this eye-catching design ensures stand out amongst competitors at this crucial sales period and promises high...