Aluminium International Today News
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Italy: Glencore to rescue Alcoa's Sardinian smelter
Following civil unrest and the threat of major job losses, it now looks as if Glencore, a Swiss commodities trader, will be making an offer for Alcoa's aluminium smelter on the Italian island of Sardinia.
19 September 2012 -
The Gulf: Growth-focused Alba ignores industry woes
Amidst the luxury of Bahrain's Royal Golf Club, Aluminium Bahrain (Alba)'s chairman of the board of directors, Mahmood Hashim Al Kooheji, announced that the company was forging ahead with its focus on growth, despite the woes of the global aluminium industry.
19 September 2012 -
Canada: Orbite seeks investors on the USA-based OTCQX
Canadian clean tech company Orbite Aluminae Inc, which has produced a process that can solve the aluminium industry’s red mud problem, has begun trading on the OTCQX.
12 September 2012 -
Vietnam: Vinacomin opens alumina plant
A US$460 million, 300kt/yr alumina plant will open in Vietnam’s Lam Dong Province next month (October).
12 September 2012 -
Italy: Alcoa smelter closure leads to civil unrest and a bomb scare
Following an approach by Swiss industrial company Klesch, aluminium giant Alcoa says it remains open to discuss on the sale of its Sardinia-based smelter and will continue with its planned but gradual shutdown process that began earlier this month (September).
12 September 2012 -
The Gulf: Non-European banks likely to fund Emal expansion
Emal will pay higher interest rates on European bank loans to fund its phase II expansion and is likely to be heavily funded by non-European banks because of the Euro Zone crisis.
12 September 2012
