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Australian Sharemarket Closed Higher to End Three Day Run of Losses and Defy Market Falls

Jan 10, 2013

The Australian sharemarket closed higher to end a three day run of losses and defy market falls in the US and Europe. At the close today, the benchmark S&P/ASX200 index was 17.9 points, or 0.38 per cent, higher at 4708.1, while the ...

Tags: Australia, sharemarke, US, Europe

Sharemarket Ended a Three-Day Losing Streak

Jan 10, 2013

The sharemarket ended a three-day losing streak yesterday as the latest earnings results from US aluminium giant Alcoa reassured investors in the resources-heavy domestic bourse, with high-yield and defensive sectors of the market well bid. ...

Tags: aluminium, Alcoa, market well bid, aluminium market

State Owned Aluminium Maker National Aluminium Co Ltd Which Cut up to 8%Capacity Last Year

Dec 27, 2012

Business Standard reported that state owned aluminium maker National Aluminium Co Ltd which cut up to 8%capacity last year,will shut more over the next fortnight. Mr BL Bagra director finance of Nalco said that"We are looking to shut down ...

Tags: aluminium maker, National Aluminium Co Ltd, Nalco, aluminium market

Vedanta Aluminium Is Unlikely to Start Operations at Its Lanjigarh Unit

Dec 27, 2012

PTI reported that the country’s largest aluminium maker Vedanta Aluminium is unlikely to start operations at its Lanjigarh unit in the near future as it is yet to secure bauxite supply to run the plant. Mr Mukesh Kumar President ...

Tags: aluminium, Vedanta Aluminium, company news, bauxite supply t

Source Is Still Awaiting a Temporary Approval From MOEF

Dec 13, 2012

Source - The Hindu Business Line reported that National Aluminium Ltd, the Bhubaneswar-based integrated PSU aluminium maker, is still awaiting a temporary approval from the Union Ministry of Forests and Environment (MoEF) for resumption of ...

Tags: bauxite mine, bauxite stock, Panchpatmali, MoEF

Vedanta Aluminium Limited Will Shut Its Alumina Refinery in Odisha Due to Bauxite Shortage

Dec 13, 2012

Reuters reported that India's largest aluminium maker, Vedanta Aluminium Limited will temporarily shut its alumina refinery in Odisha due to bauxite shortages. Mr Mukesh Kumar president of Vedanta said that "Despite all our efforts we ...

Tags: aluminium windows, steel windows, mining, steel supplies

Mine Operations Stopped on November 17th 2012 in The Absence of Mine Lease Renewal

Dec 7, 2012

National Aluminium Limited the Bhubaneswar-based integrated PSU aluminium maker, is yet to resume operations at its bauxite mine at Panchpatmali in Koraput district of Odisha. Mine operations stopped on November 17th 2012 in the absence of ...

Tags: Odisha Mine, bauxite mine, integrated PSU aluminium

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