Alcoa: Solid Second Quarter 2015

Profitability from Alcoa’s growing aerospace and automotive businesses increased year-over-year as mid and downstream investments delivered positive impact.

In the upstream, the Primary Metals business was resilient in the face of market headwinds and the Alumina business delivered its strongest first half results in eight years. 

Fiona Cincotta, a Senior Market Analyst at Read more

Rio Tinto’s Kitimat smelter begins production

The modernised smelter, which was delivered in line with the revised schedule and budget, is powered exclusively by Rio Tinto's wholly owned hydro power facility and uses the company's proprietary AP40 smelting technology which will effectively halve the smelter's overall emissions.

Aluminium chief executive Alf Barrios said "The modernisation of Kitimat will fundamentally transform its performance, moving it from the fourth quartile to the first decile of the industry cost curve. At full production, Kitimat will be one of the most efficient, greenest and...

Garmco and Fives to launch re-melt expansion project

The Re-melt Project is an Engineering, Procurement & Construction (EPC) Turn-Key project, which will enable GARMCO to develop its metal recycling capability and lower the cost of metal casting. The project will run for a duration of approximately 21 months, starting September 2015. The first stage has already commenced and is being managed internally by GARMCO with the support of a local supplier. This stage consists of the construction of a scrap storage area and segregation unit. The new project, once complete, will enable GARMCO to produce 120,000 tonnes of aluminium slabs....

Joint venture announcement

The new joint venture will be named “Otto Power LLC” a Michigan based corporation.

“This Joint Venture partnership represents a milestone for both companies in their pursuit of cutting edge, energy-saving, green technology applications,” said Gary Gariglio President & CEO, Interpower Induction, USA.

Otto Junker’s COO, Atilla Somuncu said next...

US$10 million investment to advance Bel Air Bauxite Project

Alufer advised that it has drawn down on the first tranche of US$6 million (of the US$10 million available) under the Facility. While the terms of the Facility are confidential, the loan has a 12 month term, extendable to up to 18 months at the request of the Company.

The Facility funds will be used to cover the completion of the Mining Convention process and to finalise the additional social and environmental studies and pre-construction technical work. This preparatory work will ensure that upon securing Construction Financing, Alufer will be ready to commence...

The aluminium wave

Surf Snowdonia will open on 1 August on the former site of the century-old Dolgarrog aluminium factory, between the green-wooded slopes of the Snowdonia national park and the river Conwy.

Read more here

Alcoa invests in aerospace technology

The investment will enable Alcoa to capture growing demand for advanced titanium, nickel and 3D-printed parts for the world’s bestselling jet engines. Steep ramp-up rates for narrow- and wide-body aircraft engines—the top-selling jet engines in the world—are increasing Alcoa’s need for such capabilities.

“As aerospace growth soars, Alcoa continues to invest in the latest technologies, creating...