News

Aluminium Bahrain B.S.C. (Alba), on course to be transformed into the largest smelter in the world with the full ramp-up of Line 6 on 31 July 2019, stretches its overall sales’ volume and throughput, in double-digits, for the second quarter of 2019 despite trade-tensions and the downward pressure on LME prices.  For the second quarter of 2019, sales’ volume went beyond 249,595 metric tonnes (mt) in Q2 2018 to top 311,928 mt, an increase of 25% Year-over-Year while production jumped to 305,727 mt, up by 21% YoY versus 252,081 mt in Q2 2018. Alba closed this quarter...

Bosnia’s heavily-indebted aluminium producer Aluminij Mostar shut down operations early on July 10 after recent bail-out talks between the government of the Federation of Bosnia and Herzegovina and potential investors failed, local media has reported. The power supply to Aluminij was cut off at midnight on July 9 due to unpaid electricity bills, forcing the company’s director Drazen Pandza to order the start of the shutdown process. “All directors and managers are obliged to immediately instruct the workers in accordance with the needs of the shutdown procedure,...

Alcoa Corporation has signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, to acquire the Alcoa Avilés and La Coruña aluminium plants in Spain. The plants include the casthouses at both facilities and the paste plant at La Coruña, which are currently in operation, and the two curtailed smelters. Alcoa has reached an agreement with the workers’ representatives relating to a transaction between the Company and PARTER Capital Group AG. However, a final acquisition is...

According to reports, at least three companies including Glencore (GLEN.L) have expressed an interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden and the Netherlands for up to $350 million. Rio Tinto restarted the sale process for the assets in late 2018, with the help of French investment bank Natixis, sources previously said, after Norwegian aluminium company Norsk Hydro (NHY.OL) pulled out of buying them, blaming a delay in getting European Commission approval. As well as an aluminium smelter in Iceland, Rio has put on the block a 53% stake in a Dutch anode...

It has been a month, since the Supervisory Board at the SECO/WARWICK Group unanimously decided to entrust the function of President of the Management Board to Sławomir Woźniak. The new President has been appointed for the same period as the joint term of the new Management Board, which spans the next three full financial years. “We have entrusted the function of President of the Board not only to a man who has developed the company, but also to a highly experienced manager. I am convinced that his abilities and amazing competencies will contribute to the further intensive...

Alcoa Corporation, a global leader in bauxite, alumina, and aluminium products, announced that the Aluminerie de Bécancour Inc. (ABI) smelter plans to restart curtailed smelting capacity after members of the United Steelworkers union in Québec, Canada today approved a six-year labour agreement. The smelter, owned by Alcoa (74.95%) and Rio Tinto Alcan Inc. (25.05%), has total annual capacity of 413,000 metric tons per year. The restart will begin on July 26, 2019 and is expected to be complete in the second quarter of 2020. Salaried employees had operated one of three...

Hammerer Aluminium Industries (HAI) from Ranshofen, became an official member of the Aluminium Stewardship Initiative (ASI) in June 2019. The strictest industrial standards with regard to responsible company management and the fulfilment of high environmental and social standards convinced HAI to become a member of the international initiative. ASI performance standard: Responsible production The Aluminium Stewardship Initiative (ASI) has been concerned with responsible aluminium extraction and sustainability in production since 2012. Responsible, sustainable aluminium processing...

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, announced the arrival of the first fully-laden Capesize vessel to call at any GCC port at its quay at Khalifa Port in Abu Dhabi, inaugurating the import of bauxite for EGA’s new Al Taweelah alumina refinery using these huge bulk cargo vessels. EGA imports bauxite ore from the Republic of Guinea to supply Al Taweelah alumina refinery, and using Capesize vessels reduces shipping costs per tonne. Abu Dhabi Ports has modified the approaches to Khalifa Port to accommodate...

Aluminium China and Lightweight Asia 2019, which will be held by Reed Exhibitions from July 10th to 12th, will showcase a new chapter in the aluminium industry by exploring the green manufacturing trends involved in the developments and products in the automotive, construction, transport, aerospace and consumer durables industries. Aluminium Leading the Boom in Consumer Electronics with White Goods In recent years, in order to meet modern consumers’ preferences and aesthetic requirements, using aluminium alloy by products for parts in home appliances instead of their plastic...

SNC-Lavalin (TSX: SNC) has been awarded a three-year Master Services Agreement by Emirates Global Aluminium (EGA) to provide engineering and project management support services to complement its existing resources in delivering operations capital projects at EGA's Al Taweelah and Jebel Ali smelter Complexes, and Al Taweelah alumina refinery. Under this agreement, SNC-Lavalin will provide integrated engineering services covering all multi-disciplinary aspects related to power plant, energy distribution, water desalination, aluminium smelting, casting and carbon plants of...