Peru grants troubled US-owned smelter second extension to complete environmental cleanupSeptember 24th, 2009 Peru grants cleanup extension to US-owned smelterLIMA, Peru — Peru's congress has granted the financially troubled U.S.-owned Doe Run Peru smelter a two-and-a-half year extension to reduce toxic emissions, allowing the company to miss a second deadline to clean up the Andean town of La Oroya. Doe Run closed the plant in June after lenders cut credit lines amid sagging metals prices.
NALCO considering alternative site for Indonesia projectSeptember 21st, 2009 BHUBANESWAR - India's state-run aluminium producer National Aluminium Co Ltd (NALCO) is considering an alternative site for its $4-billion Indonesia project, which was earlier planned to be set up in South Sumatra province. "Although a site in the South Sumatra province was selected for the project, the Indonesian government has yet to award the concession of the port and rail," NALCO director (finance) B.L.
National Aluminium plans nuclear power plantSeptember 20th, 2009 BHUBANESWAR - The state-owned National Aluminium Co (Nalco) is focusing on diversification, including setting up a nuclear power plant and moving into other metals, to meet the economic meltdown. As part of its plans, the company has begun talks with the Nuclear Power Corp of India Ltd (NPCIL) to set up a nuclear power plant of 1,000 MW capacity, said Nalco chairman and managing director C.R.
NALCO gets mining lease for refinery in Andhra PradeshSeptember 18th, 2009 BHUBANESWAR - The state-owned National Aluminium Co Ltd (NALCO) Friday said it has got the mining lease approval to build a 1.4 million tonne greenfield alumina refinery in Andhra Pradesh. The government of India has accorded prior approval for the mining lease proposals of the government of Andhra Pradesh for awarding lease to NALCO over Gudem and Katamraju Konda bauxite blocks in Andhra Pradesh, the company said in a release.
Atlas Pipeline announces Eric Kalamaras as new CFOSeptember 3rd, 2009 Atlas Pipeline fills key postPHILADELPHIA — Atlas Pipeline Partners LP said Thursday that Eric Kalamaras will fill two key positions for the company. Kalamaras was appointed as chief financial officer for both Atlas Pipeline Partners GP LLC, the company's general partner, and Atlas Pipeline Holdings GP LLC, which is the general partner of Atlas Pipeline Holdings LP.
Closed smelter's smokestacks toppled in controlled explosions as thousands watchAugust 14th, 2009 Smelter smokestacks demolished in MontanaEAST HELENA, Mont. — Three smokestacks that towered over a Montana lead smelter for decades have been demolished.
National Aluminium net dips 75 percentJuly 31st, 2009 MUMBAI - State-run National Aluminium Co (NALCO) reported a 75 percent fall in net profit to Rs.126.4 crore for the quarter ended June 30, as compared to Rs.525.3 crore in the like period last year. The total income decreased 34 percent to Rs.1,036.5 crore from Rs.1,593.7 crore, the company said in a regulatory statement.
Transparent aluminium of science fiction is reality nowJuly 28th, 2009 LONDON - Scientists have created a transparent form of aluminium by bombarding the metal with the world's most powerful soft X-ray laser. The discovery was made possible with the development of a new source of radiation that is 10 billion times brighter than any synchrotron in the world (for example Britain's Diamond Light Source).
NALCO ups security at bauxite minesJuly 16th, 2009 BHUBANESWAR - State-owned National Aluminium Company (NALCO) has strengthened security in its bauxite mines area in Panchpatmali hills of Koraput in the aftermath a Maoist attack in April, a company official said Thursday. At least 10 Central Industrial Security Force personnel were killed in the attack on the mines located in Panchpatmali Hills, about 370 km from here, April 12.
TransCanada issues $1.41 billion worth of common shares to help fund pipeline acquisitionJune 16th, 2009 TransCanada issues $1.41 billion common sharesNEW YORK — TransCanada Corp. says it will issue common shares worth 1.6 billion Canadian dollars ($1.41 billion) to help fund its acquisition of an oil pipeline.
Finland demands more environmental details of planned Baltic gas pipelineJune 8th, 2009 Finland wants more details of Baltic gas pipelineHELSINKI — Finland says it needs more details of the environmental effects of a Baltic Sea gas pipeline planned between Russia and Germany before it can approve its construction. The Environment Ministry says it wants information about how the pipeline would affect fishing, toxic chemicals and unexploded ammunition on the seabed and nature reserves in Finnish territory.
Vedanta committed to completing Orissa projects: AgarwalJune 6th, 2009 BHUBANESWAR - Britain-based Vedanta Resources, which has invested over Rs.25,000 crore (Rs.250 billion) in different projects in Orissa, was committed to completing all planned projects in the state, its chairman Anil Agarwal said here Saturday. "We have taken a decision for Orissa.
Protest against Jindal Steel, Hindalco projects in JharkhandMarch 3rd, 2009 RANCHI - Hundreds of farmers staged a protest here Monday against the acquisition of land for projects envisaged by aluminium major Hindalco, and steel manufacturer Jindal Steel and Power. 'We will lay down our lives but will not give an inch of land to Jindal Steel and Hindalco,' the protesters shouted as they marched to the governor's residence to lodge their protest.
Vedanta plans to acquire entire shares of Madras AluminiumJanuary 19th, 2009 CHENNAI - Contrary to its earlier restructuring plans for Madras Aluminium Co (Malco), the Vedanta group has decided to acquire the entire shareholding of the Salem-based firm and perhaps delist the scrip. In a regulatory statement to the National Stock Exchange Tuesday, Malco said its holding company, Vedanta subsidiary Twinstar Holdings with a controlling 80 percent stake, has proposed to acquire the remaining 20 percent as per the market regulator's guidelines on delisting of securities.
NALCO's expansion on track despite slowdown: Chairman (Interview)January 6th, 2009 BHUBANESWAR - National Aluminium Co (NALCO), Asia's largest integrated aluminium producer based here, said its Rs.400-billion expansion plan is on track despite the global financial crisis and falling demand. 'It (slowdown) has not yet affected our expansion plans,' company chairman C.R.