Aluminum – Bloomberg reported that Fitch Ratings has cut Alcoa Inc.'s (NYSE:AA) credit grade from BBB- to BB+, one level below investment grade. The firm "sees Alcoa’s total debt remaining more than 2.5 times its earnings before interest, taxes, depreciation and amortization."
Articles Tagged "Aluminum Company News"
Aluminum – Novelis Inc. announced that Red Hare Brewing Co. will be the first customer for its evercan, a beverage can made mostly of recycled aluminum.
Aluminum – Alcoa Inc. (NYSE:AA) announced its results for the first quarter of 2014, commenting that it recorded a net loss of $178 million, or $0.16 per share. That includes $276 million worth of "special items largely tied to smelter and rolling mill capacity reductions."
Aluminum – Gulf News reported that Abu Dhabi's Mubadala Development Co. and Investment Corp. of Dubai have officially incorporated Emirates Global Aluminium (EGA), a jointly owned aluminum company created by merging both entities' interests.
Aluminum – Privately held Aleris International Inc. announced the completion of its acquisition of Nichols Aluminum LLC, an aluminum sheet producer.
Aluminum – Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) removed the position of Vice President Corporate Development, which was held by Marc Johnson and the position of Vice President Sustainability, which was held by Guy-Louis Boucher, effective today.
Aluminum – Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced a delay in its previously-announced public offering.
Aluminum – Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) reported that in full settlement of respective outstanding claims, Gastier MP Inc. and Vtek Consultants Inc. have been issued an aggregate of 14,525,146 class A shares at a price of C$0.945 per share.
Aluminum – Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced that it has fixed the terms of its previously announced "best efforts" marketed offering of units consisting of class A shares and warrants of Orbite with its syndicate of agents led by Euro Pacific Canada Inc. and including National Bank Financial Inc.
Aluminum – Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada. This prospectus is in connection with a "best efforts" marketed offering of class A shares and warrants of Orbite (the Offering). Euro Pacific Canada Inc. is set to lead the Offering together with National Bank Financial Inc.