Comunicati.net - Comunicati pubblicati - taiwan lutian steel co.,ltd Comunicati.net - Comunicati pubblicati - taiwan lutian steel co.,ltd Tue, 10 Dec 2019 17:10:03 +0100 Zend_Feed_Writer 1.12.20 (http://framework.zend.com) http://comunicati.net/utenti/20398/1 Nalco mines get fresh Naxal threat Tue, 08 Mar 2016 08:48:56 +0100 http://comunicati.net/comunicati/aziende/ecologia/385428.html http://comunicati.net/comunicati/aziende/ecologia/385428.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 19
Public sector National Aluminium Company (Nalco) has come under fresh threat of Naxal attack with the rebels issuing an ultimatum to the company authorities to fulfil their certain demands relating to the contract labourers and peripheral development. The threat has come barely four months after the daring attack on the Nalco’s Panchpatmali bauxite mines in Koraput that claimed the lives of 10 Central Industrial Security Force (CISF) personnel.According to sources, in a letter addressed to the top brass of the company’s refinery and mines complex at Damanjodi, the rebels have taken exception to the failure of the company to regularise the services of all contract labourers and undertake adequate peripheral development work in the vicinity of the mines area.

The one-page letter, written in Telugu, gives one month to the company to comply with their demand for regularisation of the jobs of contract labourers and also inform the public about the peripheral development work being undertaken for the villagers near the mines.Nalco has about 2,000 contract labours in its Damanjodi complex, of which 300 are engaged in mining activity.The latter has warned of attack on the company facilities by the rebels, if Nalco management fail to meet their demands.Interestingly, the rebels have expressed their willingness to hold discussion with Nalco authorities on these issues if the company showed willingness towards solving the problems of the locals.Meanwhile, some officials of the company doubt the veracity of the letter, saying its “tone and tenure”, particularly relating to offer for holding talks by the ultras who mostly prefer to remain underground, did not match with the style of functioning of the naxals.

They are of the view that it (the letter) may be just the handiwork of some contract labourers, who have been demanding regularisation of their jobs for some time.The development has shaken the officials of Nalco’s refinery and mines complex at Damanjodi which was limping back to normalcy after the April 12 attack by the naxals.“After receiving the letter three days back, we are taking all measures to step up the security of the mines area. We have also intimated the district administration including the district collector and superintendent of police (SP) about the development”, said senior official of the company.When contacted the Koraput SP, Deepak Kumar, however, said, “no one from the company has either met or spoken to him yet on the naxalite threat to the refinery and mines complex. I have come to know from some local sources about the development, which is a matter of concern”.It may be noted, after the April 12 attack on the company’s Panchpatmali bauxite mines, the company had taken several steps for upgrade of security at the mines which included increase in the strength of CISF personnel deployed at the mines from 89 to 197 jawans and fortification of the mines area.

In addition the company had drastically reduced the storage of explosives at the magazine house to the barest minimum of about 4-5 days consumption.The security in the mines is mostly looked after by the CISF in co-ordination with the district administration and state police.

 

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Xstrata reaches out to Anglo investors Tue, 08 Mar 2016 08:44:14 +0100 http://comunicati.net/comunicati/aziende/editoria/385427.html http://comunicati.net/comunicati/aziende/editoria/385427.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 8
Xstrata has stepped up its charm offensive aimed at Anglo American shareholders and analysts in an attempt to persuade them that cost savings alone justify the proposed tie-up between the two, and that a premium for the merger is not necessary. The Anglo-Swiss mining group hosted a beauty parade of its South African coal and other overseas assets in Johannesburg, aimed chiefly at South African investors, who it concedes are unfamiliar with its operations in the country. Xstrata has proposed a "merger of equals" with Anglo American, saying both companies' assets are complimentary and that a combined group would better avoid the cyclicalities in the industry. Anglo's board has so far rejected the bid, calling it "totally unacceptable", but it has not yet asked the UK Takeover Panel to force Xstrata to "put up or shut up".

This leaves the possibility of a deal hanging. Xstrata is also pinning its hopes on Anglo's new chairman, Sir John Parker, being persuaded of the merits of a deal as he meets Anglo shareholders. Investors in both groups, particularly those at Black Rock and Capital Group, have argued that significant cost savings could be made from combining the two companies. The case for a merger gained further momentum after analysts at the Japanese investment bank Nomura said a deal could generate savings of as much as £423m a year. Xstrata admits it is not well known by many South African investors, because, it says, unlike Anglo, it is not listed on the Johannesburg Stock Exchange. A number of South African-based analysts said they had heard little from Xstrata before its bid to merge with Anglo emerged. "It is good to see some interaction from Xstrata. We have had little contact with them since they first started operating in South Africa, but with the Anglo situation, it forces them to be more open now," said one analyst. Last week's presentation to South African investors, who will be crucial in approving or rejecting Xstrata's approach, focused on the group's coal and copper assets.

Concentrating on coal and copper was clearly designed to show investors the proximity of the companies' coal assets in South Africa and copper activities in Latin America. Xstrata has large copper and coal assets, which it argues will recover quicker than Anglo's key platinum and iron-ore reserves. Anglo also has a strong interest in coal, particularly in South Africa, and argues that Xstrata has in the past declined to take part in proposed joint ventures. Xstrata says this is not true. Any agreement is likely to take a long time to conclude, with news of the tentative approach being leaked before either company was ready two months ago. A deal would also have to overcome Cynthia Carroll's reticence towards a merger deal. The Anglo American chief executive has long argued that the group's shareholders are best served by it remaining independent. Mick Davis, Xstrata's chief executive, has so far ruled out any prospect of offering a premium to entice Anglo shareholders. However, he has been under pressure to make the case for a merger from some of Xstrata's investors for some time. References to Anglo were conspicuously absent during Xstrata's South Africa briefing, while the group was at pains to highlight its social responsibility agenda, especially its compliance with black empowerment legislation, which forces firms to share assets with disadvantaged communities in the country.

Delegates were shown around the company's Goedgevonden mine, which it expects to produce 6.8 million tonnes of coal when it is completed next year. ARM Holdings, a South African mining firm, owns 51 per cent of the project, although Xstrata has a significant stake in the company. Both Xstrata and Anglo American have announced first half results in the past two weeks. Last week, Xstrata said that earnings per share in the first six months of the year fell 77 per cent to $1.66, blaming weak commodity prices. Anglo had posted first-half profits down by more than two-thirds.

 

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200 Royal Suited 11-5g Discount Poker Chip Set With Clear Cover Aluminum Case Review Tue, 01 Mar 2016 08:17:09 +0100 http://comunicati.net/comunicati/societa_civile/partiti/pdl_partito_della_liberta/384618.html http://comunicati.net/comunicati/societa_civile/partiti/pdl_partito_della_liberta/384618.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 200 Royal Suited 11-5g Discount Poker Chip Set With Clear Cover Aluminum Case Review Tue, 01 Mar 2016 08:13:51 +0100 http://comunicati.net/comunicati/societa_civile/partiti/pdl_partito_della_liberta/384616.html http://comunicati.net/comunicati/societa_civile/partiti/pdl_partito_della_liberta/384616.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd NALCO holds meet with village heads Wed, 05 Aug 2015 12:01:17 +0200 http://comunicati.net/comunicati/arte/musica/world_music/363114.html http://comunicati.net/comunicati/arte/musica/world_music/363114.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 6061 aluminum tubing

The statesman reported that as part of its periphery development program, the smelter and power complex of National Aluminium Company Limited organized a meeting of village heads recently. The aim of the meet was to learn the views and opinions of the public representatives on how to expedite various development projects undertaken by the PSU.

The company since its inception has so far earmarked INR 56 crore for various developmental activities in the 39 peripheral villages of Angul. At present, there are 485 works under execution for which the company has sanctioned about INR 16 crore. Of these, 256 works are being executed through government agencies and 229 works are being executed by the executants nominated by the BDOs and supervised by Nalco.In view of the huge backlog, the basic purpose of the meet was to gather feedback from the sarpanchs in the presence the sub collector and BDOs for expediting the execution processes. Mr KS Sreedhara ED of NALCO chaired the meeting.NALCO had acquired 4,103 acres of land for its smelter and power project out of which 3,496 acres was private land. Subsequently, NALCO has given employment to 1,635 land affected people which is about 36% of company’s permanent employee strength at Angul. Besides, the company has so far sponsored 831 LAPs for ITI training in 7 batches at a cost of INR 2.05 crore including a stipend of INR 1,000 per month.

NALCO sources informed that while the revised rehabilitation and resettlement policy of the state provides for one time cash assistance to families in lieu of employment ranging from INR 0.1 million to INR 0.5 million, NALCO has offered one time cash assistance package in lieu of employment ranging from INR 0.25 million to INR 1.5 million to substantially affected persons who are not eligible for employment or opt for cash assistance. Till date, NALCO has paid INR 3.65 crore to 63 SAPs or their legal heirs.The presence of NALCO in Angul has also created indirect employment opportunities among the denizens, the sources added maintaining that of 243 contractors presently working in NALCO 122 are locals. Similarly, of the 9,502 contract workers engaged by NALCO contractors, 7142 are from the contiguous areas.

Under the aegis of NALCO, 2 mobile medical vans with doctors and paramedical staff are conducting health camps for 25 days in a month and providing free medicines to the villagers. Besides, people living in the vicinity, take advantage of NALCO Hospital and the 2 schools run by the company. NALCO has also given user rights over 60 acres of its land to about 1,700 tribals and other contract labourers who had settled in smelter and power plant area. Besides, NALCO is spending INR 2 crore for them towards infrastructure development and other basic amenities.

 

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Hindalco: A little more sheen Wed, 05 Aug 2015 11:59:08 +0200 http://comunicati.net/comunicati/arte/musica/pop/363113.html http://comunicati.net/comunicati/arte/musica/pop/363113.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 5083 aluminum pipe

The outlook for both aluminium and copper has improved but the company remains highly leveraged.Although aluminium prices are not expected to firm up as much as copper’s, the Hindalco stock has been a big gainer over the past weeks, rising 31 per cent compared with a 7 per cent move for the Sensex. Industry watchers say there is still some amount of over-capacity, resulting in a slower recovery for aluminium prices than that of copper.Of course, Hindalco earns realisations that are way better than what the prices on the LME suggest and that’s because it sells more than half its domestic volumes in the form of value-added products.Analysts point out that in 2008-09, the company’s average realisations fell by less than $100 a tonne compared with a fall of $396 a tonne on the LME.

The Hindalco stock has also been moving up because Novelis, an unlisted subsidiary, has recovered over the past few months with profitability per tonne in the June 2009 quarter improving significantly.According to Macquarie Securities, Novelis returned to normalised adjusted Ebitda (earnings before interest, tax, depreciation and amortisation) per tonne of $179 in the June 2009 quarter from the low of $83 per tonne in the March 2009 quarter, driven by cost-cutting and an improved product mix.With the company likely to sell better volumes, the brokerage believes the Ebitda per tonne could increase to $230 per tonne. What’s worrying about Hindalco is the fairly large quantum of debt of close to $4.5 billion at the consolidated level, indicating a debt-equity ratio of 1.4 times. The company is looking to remedy the situation through an infusion of equity — it reportedly plans to raise around $500 million through a combination of qualified institutional placement and GDR. But then, it also has some fairly large expansion plans.According to the management, Hindalco plans to invest close to Rs 5,600 crore this year, and around Rs 11,000 crore in 2010-11 in both greenfield and other projects.

It’s therefore possible that the fresh equity being raised would result in more borrowings. Therefore, the gearing may not improve in the near term.Moreover, the equity base will see a dilution and it is possible the earnings too could get diluted both in the current year and the next year. At the current price of Rs 138, the stock trades at 13.5 times estimated 2010-11 earnings and is expensive.

 

 

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Balco selloff papers missing, reveals RTI Fri, 31 Jul 2015 09:38:47 +0200 http://comunicati.net/comunicati/istituzioni/regioni/sicilia/362718.html http://comunicati.net/comunicati/istituzioni/regioni/sicilia/362718.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd DSC09135

NEW DELHI: Government tender documents and minutes pertaining to the Rs 551.5 crore disinvestment of Bharat Aluminium Co (Balco) in Chhattisgarh's  Korba district eight years ago, cannot be traced by the ministries concerned, according to a response to an RTI application seeking details of the same.

In its order on an RTI query filed by advocate Arjun Harkauli on the issue, Central Information Commission observed, "in response to the request for information relating to disinvestment of government's 51% stake in Balco, the CPIOs of respondents have stated they have made attempts to search and trace the desired documents but to no avail". In its reply, the central government has nowhere stated that the documents have been destroyed or that it cannot be supplied due to any bar under Section 8 of the Right to Information Act, 2005. Sterlite Industries had acquired 51% stake in Balco in March, 2001.

The advisor for the deal was Jardine Fleming India Securities Ltd, with whom the agreement was signed by Department of Disinvestment on behalf of the Government of India. In its response dated January 29, 2009, the Department of Disinvestment, which comes under the Ministry of Finance said, "the records available with the Department of Disinvestment show that Ministry of Mines, and not Department of Disinvestment were in consultation with the advisors, even though the Department of Disinvestment has signed the agreement with the advisors." In its response dated March 3, 2009, the ministry of mines had stated "the said documents have not been found in the available files in this ministry".

 

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Mine fire hits coal supply to Nalco's captive power plant Fri, 31 Jul 2015 09:37:21 +0200 http://comunicati.net/comunicati/istituzioni/regioni/toscana/362717.html http://comunicati.net/comunicati/istituzioni/regioni/toscana/362717.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd DSC08554

Coal supply to the captive power plant of National Aluminium Company (Nalco) here was hit on Tuesday due to the outbreak of fire at the rapid loading system at the linked Bharatpur coal mine in Talcher Coalfields.

The fire has destroyed the conveyor of the rapid loading system of Nalco at the mine under the command area of Mahanadi Coalfields Limited (MCL).“We are getting only three rakes of about 4,000 tonnes of coal per day through the Merry Go Round System against the normal despatch of 15,000 tonnes of coal”, said D C Sahu, general manager, Nalco.Two directors of MCL- A K Tiwari and S K Singh rushed to the Bharatpur coal mine to take stock of the situation. MCL sources said that they are trying to send more coal through railways and the Merry Go Round System to meet Nalco's demand.

The fire at the Bharatpur coal mines broke out at 6 AM and it was put out at 10 AM by the fire tenders. The cause of the fire is yet to be ascertained, sources said.Nalco which runs seven out of the nine 120 MW units at its smelter plant here has a coal stock of about 35,000 tonnes.The company draws about 15,000 tonnes of coal daily from its linked Bharatapur mine to run the plant. The daily requirement for running these seven units is about 14,000 tonne, sources said.

 

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Aluminium makers to cash in on India’s car boom Wed, 29 Jul 2015 04:06:14 +0200 http://comunicati.net/comunicati/arte/musica/varie/362361.html http://comunicati.net/comunicati/arte/musica/varie/362361.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 1389592074922

NEW DELHI (Commodity Online): Even as more and more car makers are queuing up to set up shop in India, eyeing the lucrative market in the sub-continent, aluminium producers are also waiting to cash in on the car boom.

 

In almost all modern cars aluminium is a very important metal as all producers bank on the metal to reduce the weight of the vehicle.

 

German luxury carmaker BMW has confirmed that it is gearing up to launch the sixth-generation 5 Series sedan, which will be available with a host of new technologies, new engines and an optional 8-speed automatic transmission. The refurbished 5-series is expected by July this year in India and is speculated to sport a price tag of Rs 45-55 lakh. Like the current generation, the 2010 version of the aforesaid model will also be assembled at its Chennai plant, with CKD kits being imported from its pent company’s Dingolfing plant in Germany.

 

BMW 5 Series sedan is based on a newly developed vehicle architecture also featured in the BMW 7 Series luxury sedans. The new BMW 5 Series Sedan is making its debut with one eight-cylinder and three six-cylinder petrol engines as well as two six-cylinder diesels. The range is rounded off by a four-cylinder turbodiesel with an aluminium crankcase and common-rail direct injection.

 

So aluminium is a very important metal in the production of the car.

 

Meanwhile, Novelis announced that it has been selected as the main supplier of aluminium sheet for the redesigned Audi A8 luxury sedan. Audi has long been a pioneer in incorporating lightweight design into its vehicles and is taking this to a new level with the aluminium-intensive A8. The latest model, which was recently unveiled, will use Novelis Fusion technology to achieve weight savings not previously possible in automotive structural components.

 

Novelis has entered into an agreement with Audi for the supply of the aluminium sheet that will be used for a number of outer panels and design-critical structural components.

 

The outer panels are the hood, deck lid, doors and the roof. The structural components include the complete floor tunnel and various reinforcements.

 

The agreement extends the long-running relationship between the car manufacturer and Novelis, which is widely recognized as a global leader in the production of aluminium sheet for the automotive sector. Novelis will supply specially treated 6000 series automotive sheet as well as its Novelis Fusion AS250 sheet. Novelis Fusion is an innovative, patented, multi layer aluminium technology that Novelis has dubbed. The new aluminium because it offers performance benefits that are not achievable with conventional aluminium.

 

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Orissa clears Pattangi bauxite mines for NALCO Wed, 29 Jul 2015 04:02:38 +0200 http://comunicati.net/comunicati/arte/musica/world_music/362360.html http://comunicati.net/comunicati/arte/musica/world_music/362360.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd DSC08554

Report by Orissadiary correspondent; Bhubaneswar: The government has cleared the Pattangi bauxite mines for Nalco and recommended it to the Centre for final approval, Steel and Mines Secretary Ashok Dalwai Dalwai told the media persons here on Tuesday.


The Government has recommended the grant of Mining Lease (ML) for Potangi bauxite reserve in Koraput district in favour of the public sector National Aluminium Company Ltd (Nalco). Potangi is estimated to have bauxite reserves of over 70 million tonnes. However, the final ML would be granted after obtaining the prior approval of the Union government and subject to the company obtaining all the statutory clearances . The government has put some conditions for the public sector aluminium major before recommending Nalco's case for grant of ML.


The company has been asked to spend 5 percent of its net profit or Rs 10 crore, whichever is higher, on peripheral development. A Special Purpose Vehicle (SPV) would be formed for this purpose in line with the one formed by Vedanta Aluminium Ltd (VAL) at Lanjigarh. Though the details of the modalities for formation of the SPV have not been worked out, the Revenue Divisional Commissioner (RDC) is likely to be the chairman of the proposed SPV.


The Mining Licence would be given over an area of 1738.04 hectares and the company would be allowed to undertake mining outright as the area is part of the eastern bauxite belt which has been prospected. After consultation with the Orissa government, the Union Ministry of mines had reserved the area for mining by Nalco under the sub section 1(a) of section 17 (a) of the Mines and Minerals (Development and Regulation) Act, 1957. It may be noted, here that the Nalco had applied for bauxite mining lease over an area of 2618 hectares in August 1992.


Subsequently, the Ministry of mines reserved 1738.04 hectares for the company in April 2007. Since then the proposal was pending with the state government for grant of Mining Licence. The state government gave its nod after almost a decade of holding the application, for the Pattangi mines. The new mine is estimated to have bauxite reserves of over 70 million tones.


The new mine is close to the Nalco's existing bauxite mines at Panchpatmali. The bauxite reserve at the latter, which feed Nalco's refinery at Damonjodi in Koraput district, is expected to last only for another 20 to 25 years. Nalco, which desperately needed the new reserve to meet the future needs of its Damanjodi refinery, heaved a sigh of relief following the development. The Pattangi mines will be made operational within 3-5 years after getting Centre's clearance.

 

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Hindalco's most of expansion plans likely by Q1 FY14 Sat, 25 Jul 2015 10:52:28 +0200 http://comunicati.net/comunicati/sport/tennis/361915.html http://comunicati.net/comunicati/sport/tennis/361915.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 755896

Aditya Birla Group's flagship company Hindalco Industries said that a majority of its expansion plans would be commissioned by the first quarter (Q1) of the financial year 2013-14.

 

"The company's expansions projects are on track, and are expected to deliver as per schedule," the company said in a statement here.

 

The expansion of Hirakud Smelter & Power from 155 KTPA to 161 KTPA is expected to be commissioned in Q2 of FY11, while the expansion from 161 KTPA to 213 KTPA would be commissioned in Q4 FY12. The production of flat-rolled products from Hirakud would start by Q2 FY12, the statement said.

 

The company's Utkal Alumina Refinery, a 1.5-million tonne per annum (MTPA) project in Orissa aimed at producing alumina from bauxite, is expected to be ready by Q2 of FY'12.

 

The company said that its Mahan Aluminium Project is expected to be ready by Q2 FY12. Mahan is a smelter-power plant complex that boasts of a 359-KTPA aluminum smelter and a 900-Mw captive thermal power plant in Madhya Pradesh. The project has a total capital expenditure plan of Rs 9,200 crore.

 

The Aditya Aluminium Project is expected to start production by Q3 FY12. "Both Aditya Refinery Project and Jharkhand Aluminium Project are likely to commence in Q1 FY14," the company said.

 

The company's smelting capacity at Hirakud is intended to be further expanded from the proposed 213 KTPA to 360 KTPA with a corresponding increase in back-up captive power from the proposed 467.5 Mw to 967.5 Mw.

 

To de-bottleneck and increase capacity in overseas markets, primarily South America and Asia, its subsidiary -- Novelis -- has increased its capital expenditure plan by about $150 million or 148 per cent for fiscal year 2011, as compared to the previous year.

 

A significant amount is aimed at expanding its rolling operations in Brazil, the statement said.

 

This investment will increase capacity by over 50 per cent and cater to the increasing demand for flat-rolled products in those regions. The expansion is expected to be completed by late 2012, the company said.

 

The volatile financial and commodity markets in FY09 and FY10 have tested the resilience of the company's business model, the company said, adding that the improvement in commodity prices and domestic/global demand is encouraging.

 

The South American and Asian markets are expected to continue growing, and North America and Europe may see a moderate increase in demand. The results are expected to continue to strengthen -- given the market conditions, price increase and continued cost management initiatives.

 

Hindalco's continued focus on cost control, operational efficiency and integrated business will enable the company to consolidate its cost leadership as well as position in the value-chain.

 

The company still remains on track with respect to growth projections despite the challenging ground conditions, Hindalco said, adding that the outlook of the company remains cautiously optimistic for FY11.

 

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Forex gains push up Hindalco net 700% Sat, 25 Jul 2015 10:51:26 +0200 http://comunicati.net/comunicati/istituzioni/regioni/umbria/361914.html http://comunicati.net/comunicati/istituzioni/regioni/umbria/361914.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 201171915584821

The Aditya Birla Group-owned aluminium producer Hindalco Industries Ltd recorded a 700% rise in the net profit for the year to 31 March to Rs3,925.5 crore despite a fall in revenues.

 

A $578 million (Rs2,687.70 crore) gain on forex derivatives contributed to the profit.

 

The company blamed the fall in revenue on lower aluminium prices and weak demand for the metal in the first six months of 2009-10.

 

Revenue from aluminium fell but copper business did well. “Aluminium business revenue fell by 11% to Rs48,091 crore. Copper business revenue increased by 13% to Rs12,575 crore, a company statement said.

 

Revenues at Novelis Inc., the US-based aluminium rolls and recycled cans maker, also fell 15% as net sales dropped to $8.7 billion to $10.2 billion.

 

“The one-time forex gain is the main reason for the rise in profit,” said Eric Martins of Mumbai-based brokerage Systematix Shares and Stocks India Ltd. “This year we expect the business to do better because aluminium realizations will improve further in 2010 compared to 2009, he added.

 

Even though our shipments dropped by 2%, increase in productivity, change in product mix, price increase for fresh contracts and cutting costs improved our profits,” managing director Debu Bhattacharya said. “We have achieved our cost cutting target of $140 million two quarters ahead of estimated time.”

 

Hindalco said it was more positive on Novelis following the success of cost cutting measures and it would increase investments in the aluminimum can maker.

 

Hindalco shares rose 1.23% on the Bombay Stock Exchange to close at Rs147.85 apiece; the benchmark Sensex index rose 0.56% to 17,117.69.

 

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Hydro bills could triple, Heartland opponents say Thu, 23 Jul 2015 11:41:50 +0200 http://comunicati.net/comunicati/societa_civile/associazioni/varie/361534.html http://comunicati.net/comunicati/societa_civile/associazioni/varie/361534.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd PTP铝箔

Morinville Approximately 150 area residents heard a disturbing message last Thursday night: the proposed Heartland Transmission Project (HTP) is part of an overall plan that could see Albertans’ hydro bills doubling or even tripling each month. That was the message of Joe Anglin, one of two speakers invited to Morinville by the Sturgeon Blue Line Group, an anti-transmission line advocacy group.

 

Anglin, a councillor in Rimbey and former leader of the Alberta Green Party, gained media attention a few years ago after accusing the Energy and Utilities Board of spying on those opposed to power line projects running through their land.

 

The municipal politician and anti-power line speaker told his listeners that the controversial power line project affected not only those whose land the power lines might run, but all Albertans who would be left to shoulder the costs of the province’s overall electrical infrastructure projects, which Anglin believes will be in the $16 billion range. The Heartland Transmission Project was estimated at $280 million but critics, including Anglin, claim the price tag has already escalated to approximately $580 million.

 

Anglin said Albertans are being sold a bill of goods by the Alberta Electrical System Operator (AESO) when they are told the province needs to increase its power line capacity to prepare for upgraders and because no major upgrades have occurred in the past two decades.

 

The average lifespan of a transmission line is 80 years,Anglin said. They know this. I know this. I can extend that to 100 years on any given line. No problem. We are talking about transmitting basic electricity at 60 cycles per second. It’s not rocket science. This stuff will last a long time. All you’ve got to do is maintain it.”

 

Anglin said another argument he has been able to deflate with Altalink’s data is the belief that Alberta does not have enough electricity to meet its needs.

 

“What they are saying is while generation capacity has risen by 38 per cent, demand has only risen by 21 per cent,” he said. Well, that tells us we’re doing pretty good. That means we not just have enough electricity – we have more than enough electricity.

 

Anglin believes the real motivation behind building the power lines is to export electricity to California, something he believes Albertans will pay for in increased hydro bills and lost jobs when companies move out of province.

 

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Anglin said the Canada / Northwest California Transmission Option, co-published by AESO, looks at exporting Alberta electricity.

 

It's all about how we get power from Northern Alberta to Southern California, Anglin said. “But you are told this is not for export. The interesting thing about this is when industry looked at this as an emerging opportunity  they looked at lines for export. They went back to the government and they said it was uneconomical. So the government changed the rules so that we were paying for it. Now for industry it’s economical.”

 

Anglin said AESO 10-year plan shows that the total cost of upgrading the province power lines will be $16.6 billion when the critical infrastructure and long-term plan components are combined.

 

What this government is proposing is a $16.6 billion investment,Anglin said. That is eight times the current value of the system. Eight times what you are paying right now.

 

The anti-power line advocate explained the transmission charge portion of consumer hydro bills is based on $2 billion in electrical system infrastructure. The addition of $16 billion worth of new infrastructure would create an increase in the transmission charge that was eight times current rates.

 

Anglin used an $80 per month hydro bill as an example. Of that amount, $10 was the transmission charge. An eight-fold increase in the transmission charge would have the effect of doubling the bill.

 

The situation for commercial and industrial clients would be worse, Anglin said, because while residences shoulder 16 per cent of the infrastructure burden, commercial and industrial clients carry 19 per cent and 61 per cent, respectively.

 

Anglin said he believes the increase in electrical prices for commerce and industry will lead to job major losses in the province.

 

This isn't about a line, people, crossing your property this is about our basic economy of do we want a thriving economy or do we want an economy that is faltered, where industry is leaving, he said.

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Hindalco profit up 26% to Rs 434 cr on higher prices Thu, 23 Jul 2015 11:35:04 +0200 http://comunicati.net/comunicati/turismo/localita/milano_marittima/361528.html http://comunicati.net/comunicati/turismo/localita/milano_marittima/361528.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd n_99714_2

MUMBAI: India  largest aluminum producer Hindalco Industries posted a 26% increase in standalone net profit due to higher realisations from aluminum during the second quarter. The company  net profit jumped to Rs434 crore in the July-September quarter as against Rs344 crore a year earlier.

 

Revenue rose 19% to Rs5,860 crore on higher domestic demand for two of its main products  copper and aluminum in sectors such as auto, construction and power. Increasing base metal prices on the London Metals Exchange (LME) also added to the company  sales growth. These factors helped the company overcome a disruption in production at a copper smelter and a rise in the prices of its inputs.

 

“The numbers were in line with market expectations and despite declining volume growth in aluminum, the company has managed to value growth through price hikes,&said Sonam Udasi, head of research, IDBI Capital . Revenue of its copper division increased by 21% at Rs3,951 crore, while sales of aluminum division rose 16% to Rs1,911 crore. Other income was up 43% to Rs82.1 crore.

 

The company  earnings do not include the financial performance of its North American subsidiary Novelis. In the short term, given that over 50% of consolidated EBITA comes from Novelis , Hindalco is insulated with LME price movement to large extent,wrote Jagdishwar Toppo, analyst, Enam Securities , in a report. In addition, we expect the company to benefit from low cost domestic operation as it gets its greenfield expansions on stream along with stronger aluminum prices.”

 

The company expects to commission its 359,000 tons-a-year Mahan aluminum smelter in the central Indian state of Madhya Pradesh mid-next year. However, energy prices have risen 16% since past two months on the back of production cuts in China due to government  energy conservation initiatives. Yet, analysts believe that Novelis’ earnings will be sustainable going forward driven by increasing shipments, its conversation cost business model and its cost cutting measures.

 

The company, earlier this week, had said operations at its Dahej copper smelter in the western state of Gujarat have been halted due to the breakdown of a cooling tower. Repairs are likely to be completed in two weeks. The company  stock went up by 0.56% at Rs231.70 on Tuesday.

 

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Sierra Cables to produce more ABC output against unviable copper Fri, 17 Jul 2015 09:50:30 +0200 http://comunicati.net/comunicati/istituzioni/regioni/sardegna/360593.html http://comunicati.net/comunicati/istituzioni/regioni/sardegna/360593.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 7694967

Sunday Times reported that while rising copper prices are still a concern with global prices increasing about 50% over the last year and slated to rise further in 2011. Firms such as Sierra Cables are producing more Aerial Bundle Cables.

 

Stock market analysts said that due to increased demand from China companies such as Sierra are producing more ABC which uses aluminum as the key raw material. Aluminum prices have not appreciated compared to copper and to that extent they are less exposed to a possible increase in copper prices.

 

According to company sources, Sierra invested INR 250 million on upgrading its plant facilities during the last 2 years to meet the capacity for ABC. During the last two years as we rightly predicted there will be a demand for such building wire. Now we do about 10,000 tonnes of both aluminum and copper wire per annum. ABC cables carry lower maintenance costs, more energy efficient with less energy losses and environment friendly due to heavy insulation.

 

Analysts said that public and private infrastructure development activities kicking in the post war development phase of Sri Lanka would also help raise Sierra's future earnings and it is currently upgrading its capacity and facilities to cater to the surge in demand. Since the demand for these products in the power sector could increase significantly in the future, Sierra should benefit to a great extent.

 

The analyst added that the company is gradually shifting from Ceylon Electricity Board tender projects towards the dealer market where the margins are higher. Now the company’s profits are INR 30 million per month as opposed to INR 4 million to INR 5 million last year.

 

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India May Used Coal Tax to Fund Transmission Lines for Renewable Plants Fri, 17 Jul 2015 09:48:32 +0200 http://comunicati.net/comunicati/arte/musica/rock/360592.html http://comunicati.net/comunicati/arte/musica/rock/360592.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 21602

India may use money raised from a tax on coal producers to fund new transmission lines that would help distribute power from clean energy projects.

 

A proposal is being prepared for the Finance Ministry to distribute the money to states expecting significant amounts of renewable energy capacity that don't have the infrastructure to utilize the power that will be generated, said Pramod Deo, chairman of the Central Electricity Regulatory Commission.

 

India transmission network only delivers electricity to one out of three Indians, an obstacle that threatens the growth of Asia’s second-fastest growing major economy, the International Energy Agency said in September.

 

India coal tax, which took effect on July 1, is expected to raise 25 billion rupees ($554 million) in the first year and will be used for clean energy projects, according to Environment Minister Jairam Ramesh. Both imported and domestically mined coal, which fires more than half of the nation’s electricity generation, is taxed at 50 rupees a metric ton.

 


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Nalco keen to set up three hydro power projects in state Wed, 15 Jul 2015 10:47:20 +0200 http://comunicati.net/comunicati/arte/cinema/360285.html http://comunicati.net/comunicati/arte/cinema/360285.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd

As part of its plan to diversify into the energy business, National Aluminium Company (Nalco) has proposed to set up three hydro power projects with a combined capacity of 645 MW in locations identified by the state water resources department.

Nalco wishes to execute these hydel projects either independently or through joint venture with the state owned Orissa Hydro Power Corporation (OHPC). The aluminium major has evinced its interest to foray into the renewable energy sector in a recent proposal submitted to the state government.  The three projects include Balijhori hydro-electric project (160 MW) in Keonjhar district, Barmul hydro-power project (200 MW) in Nayagarh district and Middle Kolab hydro-power project (285 MW) in Koraput district.  Nalco currently operates 1200 MW Captive Power Plant (CPP) at Angul.  The aluminum major, which is in a diversification mode, had identified Jharsuguda and Kamakhyanagar as possible locations for setting up of thermal power projects with independent power producer (IPP) status.  The company aims to set up IPPs through joint ventures with state-owned enterprises like Orissa Mining Corporation (OMC) and Orissa Power Generation Corporation (OPGC) which have been allocated some coal blocks.  The company had targeted at least one IPP with a generation capacity of 1000 MW by 2016.  Nalco proposed to set up a 2 X 700 MW nuclear power plant through joint venture with Nuclear Power Corporation of India Limited (NPCIL) at Kakrapar in Gujarat. The company would invest about Rs 1,700 crore to pick up 49 per cent stake in the project which is targeted to go on stream in 2015.  Meanwhile, Nalco has successfully completed two major brownfield expansion plans at an investment of Rs 7800 crore. This has raised the company's bauxite mine capacity to 6.3 million tonnes, alumina capacity to 2.1 million tonnes, aluminium capacity to 0.46 million tonnes and power generation capacity from its Captive Power Plant at Angul to 1200 MW.  The company is now ready with its Phase-III expansion plan entailing an investment of Rs 6000 crore. This will further expand Nalco's alumina capacity to 2.9 million tonnes, aluminium capacity to 0.57 million tonnes and power generation from CPP to 1700 MW.In parallel, Nalco which had lined up an investment of Rs 16000 crore for setting up a 0.5 million tonne per annum (mtpa) smelter plant and a 1260 MW CPP at Brajrajnagar near Jharsuguda is now scouting for alternative locations in Sundergarh and Bolangir districts.  The location will be finalized depending on the availability of land and water.

 

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Vedanta Aluminum bagged the Think Odisha leadership award 2011 Wed, 15 Jul 2015 10:45:58 +0200 http://comunicati.net/comunicati/arte/musica/rock/360284.html http://comunicati.net/comunicati/arte/musica/rock/360284.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd

Vedanta Aluminum Limited was the proud recipient of the Think Odisha Leadership Award for Child Development and Employment Generation” at the recently concluded 4th Interface Asia Corporate Social Responsibility Forum 2011 hosted by Frame CSR, a joint initiative by The Times of India Group and Tefla’s.

The award was given in recognition of VAL’s ongoing efforts in creating opportunities and building a better future for children in the peripheral areas as well as providing support for employment generation activities among the local people in and around its area of operations.

The Interface Asia Corporate Social Responsibility Forum is an ideal platform to showcase services and strategic initiatives that have enhanced business competitiveness and built up communities by Public Sector Bodies, Non Government Organizations and Corporates during Asia’s most exciting and comprehensive event on CSR, to a large number of participants from diverse groups.

Mr Ajit K Samal senior VP of VAL received the award on behalf of Vedanta Aluminum from the Chief Minister Mr Naveen Pattnaik in a colorful events participated by many celebrities & dignitaries from the state.

During the presentation Dr Mukesh Kumar COO of VAL has explained the VAL CSR initiative in great details as he was one of the guest panelist in Business session titled Challenges of Sustainable CSR Initiatives by Corporate in Odisha chaired by Mr BK Pattnaik the Chief Secretary of Orissa.

 

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Vedanta Aluminium says losses are short-term Tue, 14 Jul 2015 10:47:04 +0200 http://comunicati.net/comunicati/arte/musica/jazz/360086.html http://comunicati.net/comunicati/arte/musica/jazz/360086.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd 20133110494688

As share prices of both Sesa Goa and Sterlite plummeted today, after Vedanta announced the merger of its loss-making entity Vedanta Aluminum Ltd (VAL) into the newly-formed company Sesa Sterlite, the Jharsuguda-based VAL said the losses were only short-term and linked to the fluctuation in metal prices.
"The losses that we incurred in the past few months were in tandem with international market trend, as world-wide metal prices collapsed in fear of uncertainty in European economy. But I think prices will revive in a couple of months,” Mukesh Kumar, chief operating officer of VAL told Business Standard.The aluminum prices on the benchmark London Metal Exchange (LME) closed at $2,327 a tonne on Monday, up from $2,087 quoted 10 days ago. Kumar said there is a possibility the rates will go up to $2,700-$2,800 levels. "Indian aluminium industry is the most feasible industry. People are unnecessarily creating rumours,” the VAL top officer said, reacting to share price fall.Sesa Goa shares shed 10 per cent and Sterlite prices tumbled over four per cent during intra-day trade on the Bombay Stock Exchange. Analysts said Sesa Goa suffered the most as investors felt the merger was negative for the minor shareholders of the iron ore miner.Vedanta has clarified that there will be a saving of Rs 1,000 crore a year in the book of Sesa Sterlite due to the accumulated loss of the VAL, which can be deducted from taxable profit. However, Sesa Sterlite will have to carry the $4 billion debt burden of the aluminum maker, post merger. Though the parent company, Vedanta Resources Plc, has hinted about minimising operational cost for Orissa plant in its half-yearly report last year, the VAL official refused to speak about the cost cutting measures.At its Lanjigarh plant in Kalahandi district, the VAL produces ingots, billets & wire rods from its 0.5 million tonne smelting plant by sourcing bauxite from Gujarat and other states. The company is yet to get bauxite from Orissa Mining Corporation, as the state has entered into a legal battle with the Union forest and environment ministry over mining in Niyamgiri Hills. The SC will start the final hearing process of the matter from April 9.

 


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MCX aluminium to extend uptrend on global cues Tue, 14 Jul 2015 10:45:25 +0200 http://comunicati.net/comunicati/hobby_e_tempo_libero/cucina/360085.html http://comunicati.net/comunicati/hobby_e_tempo_libero/cucina/360085.html taiwan lutian steel co.,ltd taiwan lutian steel co.,ltd u=983820094,2709558046&fm=23&gp=0

Aluminium yesterday traded with the positive node and settled 0.76% up at 112.4 as following the G20 failure to reach an agreement on euro zone aid and the drop of New York crude from a recent high, LME three-month aluminum closed down slightly by USD 3.3/mt or 0.14% at USD 2,318/mt on Monday.
The metal only hit USD 2,339/mt with the help of better than expected US pending home sales data for January.With a slightly bearish market sentiment, LME three-month aluminum is expected to move between USD 2,280-2,330/mt during today’s trading as it struggles at USD 2,300/mt. Macro economic news was mixed during the day.German parliament approved a second Greek bailout, and the US released better than expected pending home sales and February Dallas Federal Reserve manufacturing activity. Market sentiment, however, did not improve significantly.Later, the S&P cut the outlook for EFSF to negative, and lowered Greece’s rating from CC to selective default. Moreover, G-20 meeting is mixed over the way to rescue Greece.Current market fundamentals are not favorable, and most metals in the LME market overnight closed with limited gains.For today's session market is looking to take support at 111.6, a break below could see a test of 110.8 and where as resistance is now likely to be seen at 113, a move above could see prices testing 113.7.Trading Ideas:Aluminium trading range for the day is 110.77-113.67.Aluminium gained following the G20 failure to reach an agreement on euro zone aidS&P cut the outlook for EFSF to negative, and lowered Greece’s rating from CC to selective defaultAluminium daily stocks at Shanghai exchange came up by 871 tonnes.

 

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