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Tag: aluminium

Norsk Hydro: Results Up on Higher Aluminium Prices

Hydro’s underlying earnings before financial items and tax increased to NOK 2,930 million in the second quarter from NOK 2,284 million in the first quarter, mainly driven by higher aluminium prices and favourable currency developments.

Lower realized alumina prices and increased raw material costs had a negative impact on results.

President & CEO, Svein Richard Brandtzæg said:
“Higher aluminium prices in the quarter are lifting results, and

SiLeach™ Large-Scale Pilot Plant study exceeds design criteria

SiLeach™ Large-Scale Pilot Plant study exceeds design criteria

HIGHLIGHTS

Initial design outcomes for the US$42m large-scale lithium processing pilot plant (“LSPP”) using Lithium Australia’s SiLeach™ technology, exceed all expectations
Study outcome betters operating cost target – and without any by-product credits
The LSPP can be cash positive with additional cost reduction upside from further optimisation and scale-up to

Arizona Mining Closes C$110 Million Private Placement With South32

Arizona Mining Closes C$110 Million Private Placement With South32

Arizona Mining (TSX:AZ) is pleased to announce it has closed the private placement with South32 International Investment Holdings Pty Ltd (“South32”), an affiliate of South32 Limited, for 45 million common shares in the Company (the “Shares”) at a price of C$2.45 per Share for gross proceeds of C$110.3 million (the

Arizona Mining Announces C$110 Million Private Placement With South32

Arizona Mining Announces C$110 Million Private Placement With South32

Arizona Mining Inc. (TSX: AZ) (“Arizona Mining” or the “Company”) is pleased to announce it has signed a binding private placement agreement for 45 million common shares in the Company (the “Shares”) at a price of C$2.45 per Share with South32 Limited (“South32”) for gross proceeds of C$110.3 million (the

Rio Tinto Releases First Quarter Production Results

Rio Tinto chief executive J-S Jacques commented on the results:
Despite challenging weather conditions at our West Australian and Queensland operations, we delivered solid production in the first quarter of 2017. Our strategy is unchanged. Our number one priority is safety. We maintain our disciplined approach to capital management and maximising

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