Friday 22 August 2014
 
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Alcoa

Alcoa to pay $384m to settle bribery charges

Alcoa has agreed to pay $384 million to settle charges by the US Securities and Exchange Commission and the US Department of Justice that its subsidiaries bribed foreign government officials, the agencies said on Thursday. The SEC

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Alcoa halts part of Saudi smelter

Aluminium producer Alcoa Incorporated said the smelter at Ma'aden, Saudi Arabia, which is in its start-up phase, has temporarily stopped production on one of two potlines.   The company said the potline was s

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Maaden to start output at aluminium smelter

  Saudi Arabian Mining Company (Maaden) will start initial production at its 740,000 tonnes per year (tpy) aluminium smelter next month.   Maaden and Alcoa teamed up in 2009 to build a $10.8 billion

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Alba , Alcoa agree to settle bribery suit

Alba last night announced it had agreed an out-of-court settlement worth $447 million in a racketeering and fraud lawsuit against US-based Alcoa, a major aluminium producer. The settlement value will be realised in a combination of cash

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Rusal trims outlook on weak aluminium prices

Russia's United Company Rusal, the world's top aluminium producer, reported sharply lower profits for the second quarter on Monday, battered by high inventories and low prices, and trimmed its outlook for global aluminium consumption.

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Fluor wins Saudi Maaden contract

Engineering and construction company Fluor Corporation said it has clinched a major contract from Saudi Maaden-Alcoa JV firm to provide engineering, procurement, and construction management (EPCM) services at its facility in Saudi Arabia.

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Alcoa offers $45m to settle Alba case

US aluminium producer Alcoa has offered to pay Bahrain-based Alba, one of the largest aluminium smelters in the world, at least $45 million in an out-of-court settlement, according to reports. Alba has filed a federal lawsuit, all

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Court rejects Alcoa bid to dismiss Alba case

A US federal court on Monday rejected aluminum maker Alcoa's bid to dismiss a racketeering lawsuit related to its shipments to Aluminium Bahrain (Alba), according to a written ruling in the case. In the lawsuit, filed in Pittsburgh fed

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Ma’aden to build first alumina refinery in ME

Saudi Arabian Mining Company (Maaden) said it has awarded a contract to build the first alumina refinery in the Middle East which will help the Kingdom become a major upstream player in the global aluminium industry. The refinery form

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HSBC to arrange $1.8bn Maaden loan

Saudi Arabian Mining Co (Maaden) is seeking a 7 billion riyal ($1.86 billion) loan from local banks, a Saudi banker told Reuters on Wednesday. Maaden said in March that it plans to add a new production line, with a capacity of 100,000 tonn

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