Saturday 17 April 2021
 
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Alcoa

Saudi Maaden unit seals new loan amendment deal

Saudi Arabian Mining Company (Maaden) said its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has

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Saudi Maaden unit seals new loan amendment deal

Saudi Arabian Mining Company (Maaden) said its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has

More…

Saudi Maaden unit seals new loan amendment deal

Saudi Arabian Mining Company (Maaden) said its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has

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Alcoa board approves split

Aluminum producer Alcoa Inc said on Thursday its split into two publicly traded companies is expected to be effective November 1, after the company's board approved the separation. Alcoa said last year it would break itself in

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Alcoa, Alumina settle dispute, clearing hurdle to Alcoa split

Alcoa Inc and Alumina Ltd have settled a dispute and agreed to reshape their joint venture, removing an obstacle to Alcoa's plan to split into two companies and making its Australian partner a more attractive takeover target.

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Low aluminium prices hurt Alcoa Q2 profit

Alcoa on Monday reported a lower quarterly net profit, with falling aluminium and alumina prices pressuring revenue while plant operations have been scaled back ahead of a spinoff of its traditional smelting business later this year.

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Alcoa spins off upstream smelting business

Metals company Alcoa Inc said on Wednesday that its planned split will consist of a spinoff of its traditional upstream smelting business, and that up to 19.9 percent of the new company will be owned by its value-added business that serves the a

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Alcoa wins $1bn contract for Lockheed's F-35 fighter jets

Alcoa Inc said it had got a contract to supply titanium to Lockheed Martin Corp's F-35 Lightning II aircraft. The contract has an estimated value of about $1.1 billion, the company said on Wednesday. Alcoa said

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Ma’aden-Alcoa JV achieves major production milestone

The Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa have achieved a major milestone with the production of the first alumina at their joint venture aluminum complex in Ras Al Khair, Saudi Arabia. T

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Alcoa earnings up on higher aluminium prices

Alcoa reported a stronger-than-expected increase in third-quarter profit as higher aluminum prices and lower costs drove a recovery in its business unit that produces aluminum. In the third quarter, the US company's net income

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