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Company News

Century Expands Share Repurchase Program by $50 Million

Century Aluminum Company (NASDAQ:CENX) announced it has increased its share repurchase program by $50 million. This increase brings the total amount authorized for repurchases to $130 million since the program began, with $61 million available for future share repurchases as of March 25.

Metro Mining Doubles Bauxite Hill Resource

Mining Weekly reported that Metro Mining Ltd. (FWB:6ME) has more than doubled the direct shipping ore (DSO) inferred resource at its Bauxite Hill resource.

Queensland Bauxite Appoints Environmental Consultant

Mining Weekly reported that Queensland Bauxite Ltd. (ASX:QBL) has appointed Northern Resource Consultants to provide environmental consultancy services for its South Johnstone bauxite project.

Alcoa Unveils Next-generation Aluminum Materials

Lightweight metals leader Alcoa Inc. (NYSE:AA) has implemented its breakthrough manufacturing technology, the Alcoa MicromillTM, to manufacture advanced aluminum sheet.

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Market News

US Aluminum Price-fixing Lawsuit Gets Green Light From Judge

Reuters reported Thursday that a US judge has given metal purchasers the go ahead to pursue claims against Wall Street banks and commodity merchants for allegedly conspiring to drive up aluminum prices by reducing supply.

Indonesian Alumina Refinery Starts Operating

Mining Weekly reported that Indonesia’s first alumina refinery has started commercial operations, with plans to export most of its output to Japan.

Aluminum Displaces Nickel as 2014′s Biggest Gainer

Bloomberg reported that on Tuesday nickel fell to its lowest price in a week, sinking as much as 1.6 percent as LME inventories increased to a record 385,860 metric tons. The previous day, the metal sunk by 3 percent.

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