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Aluminium: Hindalco acquires Hydro’s extrusion unit
Hindalco has acquired the Indian aluminum extrusion unit of Norway's Hydro for an enterprise value of €28,675,062. The transaction is expected to close in the next quarter. Hydro's integrated plant at Kuppam in Andhra Pradesh has an aluminum extrusion capacity of...
Tin: MSC delays lifting force majeure clause
The world's third-largest tin producer, Malaysia Smelting Corp, has notified customers of a delay in lifting the force majeure clause during which its operations were suspended, until Dec. 20. MSC declared "force majeure" on June 7 due to the coronavirus-related...
Copper: MMG closes Las Bambas mine after negotiations fail
Chinese company MMG will end copper production at its Las Bambas mine in Peru on December 18 after talks to end a 27-day roadblock, the latest of several in the last year, failed. Residents of Chumbivilcas province have been blocking the road used by Las Bambas since...
Copper: Las Bambas standoff can’t be sustained much longer
Peru's prime minister reported Wednesday that the 26-day roadblock that is affecting MMG Ltd's Las Bambas copper mine cannot be sustained for "much longer," with talks with a local community continuing to stall as the mine faces a looming shutdown. "These dialogues...