The ENAL Newsletter News Page

Here is a smart European investor...

noreply@blogger.com (Deena) — Wed, 19 Nov 2008 13:35:00 +0000

He is buying dirt cheap aluminum smelters no one believe in anymore, and preparing to become a serious player.
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This Russian greenfield is making further progress.

noreply@blogger.com (Deena) — Wed, 19 Nov 2008 13:32:00 +0000

We expect a start up around 2011.
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Have you ever seen a lawsuit costing a country 5% of its GDP?

noreply@blogger.com (Deena) — Wed, 19 Nov 2008 13:30:00 +0000

Well, you will be intrigued by this report anyway! Of course the action is in Central Asia...
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Among others, this Middle East greenfield stays the course.

noreply@blogger.com (Deena) — Wed, 19 Nov 2008 13:28:00 +0000

It should start producing metal in 2010.
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Aluminum will thrive in the Middle East.

noreply@blogger.com (Deena) — Wed, 19 Nov 2008 13:25:00 +0000

This paper summarizes the reasons.
Subscribers, click here to read more, with ENAL's comment.

Will the Ghana smelter survive?

noreply@blogger.com (Deena) — Wed, 19 Nov 2008 13:23:00 +0000

There is a big negotiation going on between Government and unclear parties...
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RusAl renews interest in Venezuela.

noreply@blogger.com (Deena) — Wed, 19 Nov 2008 13:20:00 +0000

It seems serious but long term.
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How the recession and the Icelandic financial crisis affects aluminum investments.

noreply@blogger.com (Deena) — Wed, 19 Nov 2008 13:16:00 +0000

This report gives a good overall picture and explains which projects are due to survive.
Subscribers, click here and scroll way down for this report.

More progress for Soderberg revampings.

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 12:02:00 +0000

Soderberg smelters were expected to be phased out for decades. The Lista smelter (Elkem, Norway) proves that the continuous anode cell can be clean and efficient. More Soderberg smelters are transferring its technology. This one is silently making progress...
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An extra investor for a Malaysian greenfield.

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 12:00:00 +0000

The project is old, but promising. Technology will be Chinese.
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Rio Tinto-Alcan invests in more hydro-electric capacity.

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 11:57:00 +0000

The investment is in Saguenay, linked to the future Jonquieres AP50 pilot.
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12.4 MegaWatt-hours per tonne of aluminum!

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 11:53:00 +0000

This Asian producer is achieving an energy efficiency performance of 12.4MWh/tonne on its latest full-size potline. If it succeeds in successfully transferring this technology, it is a real breakthrough.
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This African politician doesn't know much about aluminum...

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 11:51:00 +0000

... but his plans for the future of his country's aluminum smelter make sense.
Subscribers, click here to read his speech.

This greenfield project looked impeccable in 2001...

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 11:41:00 +0000

... and after already costing an arm and a leg in various feasibility studies and preliminary ground-breaking, waiting long enough for the local energy scene to completely change, has become a major liability. Its original sponsor was planning to make of it a showcase for the most energy-effective smelting technology in the world, and preferred to be seduced by the M&A game instead.
Subscribers, click here to read the sad conclusion.

This Middle East greenfield moves ahead ...

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 11:38:00 +0000

Its investors haven't built Phase 1 yet but they already prepare for Phase 2.
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Another excellent project suffers delays.

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 11:35:00 +0000

And yet it is one of the most obvious ones to privilege for this major aluminum producer.
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This greenfield in progress will be delayed.

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 11:32:00 +0000

Its investor is publicly traded and highly leveraged, yet it is profitable. The project is sound, and should resume later.
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An optimistic message about aluminum in the Persian Gulf

noreply@blogger.com (Deena) — Wed, 05 Nov 2008 11:27:00 +0000

This interview explains reasons why the Gulf will increase aluminum production of some 50% by 2010. Summary: As a world recession builds up, investors who have excess cash can afford to plan 10 to 30 years ahead, and in the long term aluminum is a sound investment.
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At this time, most of the world's smelters are losing money.

noreply@blogger.com (Deena) — Mon, 20 Oct 2008 15:05:00 +0000

This is the instantaneous consequence of the financial crisis: LME prices are down while all cost factors remain up. But it won't last...
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This US smelter is going to survive for quite a long time.

noreply@blogger.com (Deena) — Mon, 20 Oct 2008 15:02:00 +0000

This is due to a creative energy contract.
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Iceland went bankrupt because its banks grew too fast and took too much risks.

noreply@blogger.com (Deena) — Mon, 20 Oct 2008 14:59:00 +0000

Guess who this situation is going to help? Local aluminum producers!
Subscribers, click here and scroll down to read all the reasons...

This country is suspending talks with foreign investor.

noreply@blogger.com (Deena) — Mon, 20 Oct 2008 14:56:00 +0000

The project will be an integrated greenfield from bauxite mining to smelting. One serious offer has just been rejected. There are other suitors...
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The extension phases of this smelter are on time.

noreply@blogger.com (Deena) — Mon, 20 Oct 2008 14:54:00 +0000

The final phase will cost $ 500 million.
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This greenfield will be on time...

noreply@blogger.com (Deena) — Mon, 20 Oct 2008 14:51:00 +0000

...yet it is located in a country seriously hit by the financial crisis.
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This smelter is restarting after serious worries regarding energy supply.

noreply@blogger.com (Deena) — Mon, 20 Oct 2008 14:47:00 +0000

This indicates that some delayed investment projects should be back on track.
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