ALCOA INC. Mining News
Alcoa said it has lined up the financing for the complete repair and refurbishment of its 50,000-ton forging press at the company's Cleveland Works.
North Carolina Gov. Beverly Perdue is taking a second run at blocking a new federal license needed by a company to generate and sell electricity from dams along the Yadkin River for another 50 years.
The North Carolina Senate has raised the stakes in a contest against Alcoa Inc. over control of nearly 40 miles of the Yadkin River and four electricity-generating dams the aluminum producer has operated for more than 50 years.
North Carolina and Alcoa Inc. are promising a long fight over control of nearly 40 miles of the Yadkin River where the largest U.S. aluminum producer has operated four electricity-generating dams for more than half a century.
If the transaction proceeds, the Joint Stock Company that owns the Nhan Co bauxite mine and alumina refinery will be Vinacomin 51 percent, AWAC 40 percent and other investors 9 percent.
Aluminum producer Alcoa Inc. announced Tuesday that it will look into buying a stake in a refinery project with a state-owned minerals development company in Vietnam.