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Saudi Ma'aden-Alcoa Sign $1.9 Bln Financing Deals

The Saudi Arabian mining joint venture of Ma'aden-Alcoa announced plans to create the first fully integrated aluminium smelter and food grade sheet rolling mill in the kingdom. There are sixteen financial institutions which will provide the $1.9 billion funding required for the project.

From Alcoa Corporation 1 Dec 2010

RUSAL Inks Indian Alumina / Aluminium Deal

The world's biggest aluminium and alumina producer, RUSAL has partnered with Indian company Gujarat Foils Ltd. to set up an alumina refinery and aluminium smelter in the Kutch district of Gujarat state, India. The total investment in this endeavour will add up to 140 billion rupees.

30 Nov 2010

Alcoa Sets New Alumina Pricing Structure

Alcoa Inc, the world’s largest producer of alumina, has set some of its long term supply contracts using a new pricing scheme which ties the price of alumina to the aluminium metal price.

From Alcoa Corporation 24 Nov 2010

Mining Driving Queensland Economy

The mining industry is the largest generator of jobs in Queensland with more than 130,000 jobs being created directly and indirectly by the industry in the last year in Brisbane alone, according to a Queensland Resources Council report released this week. The Queensland mining industry has also generated around $3.8 billion in income tax in the last financial year as well.

24 Nov 2010

Australia Moves into Biggest Ever Mining Boom

The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.

21 Nov 2010

Growing Concern from Europe on Future Supply of Raw Materials

The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.

21 Nov 2010

Rio Tinto Alcan To Expand Vaudreuil Works Alumina Refinery

Rio Tinto Alcan says that it will invest $10 million in the expansion of the Vaudreuil Works alumina refinery in Jonquière, Quebec.

From Rio Tinto plc 14 Nov 2010

Vedanta Resources Posts Bumper Profits

Vedanta Resources (LSE: VED) has posted a 79% growth in net profit to $337 million for the first half ending on September 30, 2010 as compared to $188.2 million in the corresponding period last year. The operating profit was also higher for the company.

From Vedanta Resources plc 14 Nov 2010

Rio Tinto Alcan to Expand Bauxite Residue Containment Site at Vaudreuil Alumina Refinery in Canada

Rio Tinto Alcan will invest US$10 million in the expansion of the bauxite residue containment site at its Vaudreuil Works alumina refinery in Jonquière, Quebec, Canada.

12 Nov 2010

Anglo Aluminum Reports 46% Increase in Indicated Resources at Koba Bauxite Project

Anglo Aluminum Corp. (TSX VENTURE:ALU) reported that Indicated Resources for the Koba Bauxite Project have increased 46% to 501 million tonnes having an average grade of 42.90% Al2O3, 2.79% SiO2, and 27.81% Fe2O3.

4 Nov 2010