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.
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
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
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.
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.
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
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
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
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