Kaiser Aluminum Corporation (NASDAQ:KALU) reported net income of $0.1 million and earnings per diluted share of $0.01 for the second quarter ended June 30, 2010 compared to $20 million and earnings per diluted share of $0.97 for the quarter ended June 30, 2009.
Monday, August 2, 2010
Ibtimes.com reported on Base metals (Copper, Aluminium, Zinc) to recover on robust growth:
Continue reading "Base metals (Copper, Aluminium, Zinc) to recover on robust growth"
Thursday, July 29, 2010
On Thursday, the state-run parent of Aluminum Corp of China Ltd. (2600.HK) formalised a joint venture with Rio Tinto (RIO.AX) to develop iron ore in Africa, bringing the listed Chalco into the project as it moves to diversify beyond its core aluminum business.
Continue reading "China’s Chinalco, Chalco formalise Africa JV with Rio Tinto"
Friday, June 25, 2010
Sillenger Exploration Corp. (OTCQB: SLGX) (OTCBB: SLGX) announced that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight.
Thursday, May 27, 2010
Novelis, world leader in aluminum rolling and recycling, has announced its plan to expand its Brazil rolling operations by investing $300 million in Pindamonhangaba. The said action is in response to the growing demand of Aluminum products in South America. Phil Martens, President and Chief Operating Officer, Novelis Inc. is quoted saying: “We are experiencing [...]
Continue reading "Novelis Invests $300 M to Expand Brazil Operations"
Wednesday, May 26, 2010
Norsk Hydro (NHY.OL), aluminum producer, is building the largest aluminum recycling plant at Karmoy, Norway with an initial capacity of 35,000 tonnes. Norsk Hydro is quoted saying: “The planned new plant at Karmoy will recycle dross and scrap from all of Hydro’s aluminium plants in Norway, as well as from external sources in Scandinavia and [...]
Continue reading "Norsk Hydro Build Norway’s Largest Aluminum Recycling Plant"
Tuesday, May 25, 2010
Aluminum can makers in Japan expect a fast moving shipment in the coming weeks due to high consumption of beer and softdrinks on the soccer World Cup. Japan’s top aluminum can maker, Daiwa Can Company is quoted saying: “We expect can shipments to get a boost from the event as the more people go travelling, [...]
Continue reading "Japan Aluminum High Demand Seen by World Cup"
Monday, May 24, 2010
Fluor Corporation (NEW): NYSE:FLR has announced that the company has been chosen by Santos for the engineering, procurement and construction (EPC) work on the upstream facilities component of the Gladstone Liquefied Natural Gas (GLNG) project. Peter Oosterveer, president of Fluor’s Energy & Chemicals Group is quoted saying: “Fluor is honored to be chosen to continue [...]
Continue reading "Fluor Chosen to Work for Santos GLNG Project"
Friday, May 21, 2010
Noranda Aluminum Holding Corp. (NOR) has closed its previously announced underwritten initial public offering of 11.5 million shares at $8.00 per share on Wednesday. Joint book-running managers of the offering includes BofA Merrill Lynch, Morgan Stanley & Co. Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and UBS Securities LLC. Click here to [...]
Continue reading "Noranda Announces Completion of Initial Public Offering"
Wednesday, May 19, 2010
U.S. aluminium producer Alcoa Inc. (AA.N) has struck a 95 million euro ($118 million) investment deal with Italian trade unions. The deal is for the unions to support Alcoa’s two Italian plants. Managers of Alcoa’s Italian unit were quoted saying: “The company confirms its will to remain in Italy with two production sites.” Click here [...]
Continue reading "Alcoa and Italian Trade Unions Agree on Investments"
For upcoming aluminum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
AluminumInvestingNews.com maintains a focus on aluminum exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Aluminum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Tuesday, August 3, 2010