Alcoa has completed deal for Billiton Suriname Stake
Aluminum producer Alcoa declared that it has closed a deal to purchase Australia-based BHP Billiton’s bauxite and alumina refining operations in Suriname. For full story, click here
Articles Tagged "bhp"
A Rosier Outlook for Japan’s Economy
Aluminum stockpiles have risen consistently this year amid the downturn in the auto sector; however recent evidence that the economy is improving combined with confidence in Chinese purchases have lifted aluminum demand.
Hulamin is in talks with BHP that may affect shares
Hulamin Ltd., Africa’s largest aluminum processor, reported that the company is in talks with BHP Billiton Ltd. that may affect its share price. For full story, click here
BHP Billiton Aluminum Smelter in South Africa may be unviable
BHP Billiton Ltd., Africa’s largest aluminum producer, declared its Bayside smelter in South Africa may be unviable financially because of weaker domestic demand. For full story, click here
BHP Faces $1.7 Billion Charge on Mine Closure, Jobs
The copmany may take $1.7 billion in one-time charges after closing a nickel mine in Australia and slashing 6,000 jobs as the global recession curbs demand for minerals. For full story, click here
More cuts needed to stabilize aluminum market
Aluminum industry executives sent a warning to other market leaders that unless large aluminum producers make deeper output cuts, the entire industry will likely take many years to recover from the current slump. Just 10% of world aluminum output is slated to be taken offline, and unless this number is pushed higher by more output cuts long-lasting damage to the sector is possible.
How a $130bn mining mega-merger vanished down a credit black hole
If BHP Billiton versus Rio Tinto had been a boxing match, it would have got top billing. BHP’s Marius Kloppers and Rio’s Tom Albanese are heavyweight titans of mining. For full story, click here
Did Beijing foil the BHP Rio takeover?
If there was anyone who had reason to celebrate the failed BHP takeover of Rio Tinto, it would be China, and more specifically Chinese smelters. Last February, Aluminum Corp. of China together with Alcoa, paid $14.1billion for a 12% stake in Rio-Tinto’s London listed shares. Conspiracy theorists said the move was engineered by Beijing.
