Rusal resumes construction
UC Rusal has received credit funds from VEB for the construction of the first start-up complex of the Boguchansky aluminium smelter and that it has resumed works at the construction site.
Wells are being drilled to secure a water supply for the site. Construction of a railroad leading to the smelter has begun and design documentation is being prepared for the priority objects of the first start-up complex, namely the approach line, warehousing, objects of electricity and water supply.
Construction of reduction potrooms and the foundry is expected to commence by May 2011.
Australian mining firm Cape Alumina reported good results and drilling potential in its Bauxite Hills mines.
Cape Alumina's chairman, George Lloyd, said the concept study provided the company with the confidence to continue with the next stages of the project's development.
Mr Lloyd said that, while the concept study focused on four plateaux (BH1, BH3, BH4 and BH5) within Cape Alumina's tenements, testing at a further two plateaux within the tenements (BH2 and BH6) had also returned high?grade samples.
It cited the close proximity of the Bauxite Hills project to the existing port at Skardon River.
Sapa Indian acquisition
Sapa Profiles India is to buy the aluminium extrusion business of Alufit (India) based in Kuppam, Bangalore, India.
The plant, which was built in 2009, is an integrated one-press extrusion facility with powder coating and anodizing capabilities. Sapa has already established a plant for extrusion-based thermal management applications in Bangalore, and the transaction with Alufit will allow Sapa to expand its Indian business. Sapa would be the first global extrusion company with local production facilities in India.