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Alcoa to pay $384m to settle bribery chargesAlcoa 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 More… |
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Alcoa halts part of Saudi smelterAluminium 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 More… |
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Maaden to start output at aluminium smelterSaudi 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 More… |
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Alba , Alcoa agree to settle bribery suitAlba 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 More… |
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Rusal trims outlook on weak aluminium pricesRussia'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. More… |
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Fluor wins Saudi Maaden contractEngineering 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. More… |
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Alcoa offers $45m to settle Alba caseUS 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 More… |
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Court rejects Alcoa bid to dismiss Alba caseA 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 More… |
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Ma’aden to build first alumina refinery in MESaudi 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 More… |
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HSBC to arrange $1.8bn Maaden loanSaudi 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 More… |
