Aluminum giants eye Guinean refinery (May 24, 2004)
The world’s two largest aluminum producers —
Alcan Aluminium Limited
A week of highs and lows
The week of May 12-May 18 saw a lot of ups and downs on the Toronto Stock Exchange. The spot price for gold in London on the afternoon of May 18 closed at US$377.70 per oz., up US$2.45 from the previous week. The S&P-TSX composite index closed on…
Aluminum giants eye Guinean refinery (May 13, 2004)
The world’s two largest aluminum producers are looking at the feasibility of joining forces to build an alumina ref…
Queensland revokes Alcan’s Aurukun rights
The government in Queensland has passed legislation revoking Alcan’s (AL-T) rights to the Aurukun bauxite reserves…
It’s all in the US dollar: Scotia Capital
A forecast for a continued decline in the greenback, outlined in the research booklet Focus 2004: Outperformers and Underperformers for 2004, underpins much of Scotia Capital’s predictions for the glo…
Alcan secures Pechiney
With Alcan’s (AL-T) 4-billion-euro takeover bid for France’s Pechiney expiring, the Canadian aluminum giant reports that, so far, 92.21% of the fully diluted shares have been tendered.The results are …
Price squeeze has base metal issues jumping
Toronto equities were little-changed over the report period Dec. 3-9, a modest gain of 48.34 points putting the TSX Composite index at 7,975.94. The base metal and gold stocks headed in opposite direc…
People (October 27, 2003)
Alcan — Christine Morin-Postel appointed director;Alcoa — John Pizzey, VP and group president of primary products, will retire in early 2004; Pizzey will be succeeded by Bernt Reitan.APAC…
Cambior, Ariane kindle merger mania
The Toronto Stock Exchange’s gold index gave back its recent gains, and then some, during the report period ended Sept. 30, as the yellow metal yo-yoed its way US$3 per oz. higher to an afternoon fix …
Alcan bid approved
The European Commission has given the green light to Alcan’s (AL-T) 4-billion-euro takeover of French rival Pechiney (PY-N), but not without some strings attached.In its investigation of the proposed …
Pechiney says oui to sweetened deal
French aluminum producer Pechiney has accepted a new sweetened takeover offer from Alcan (AL-T).The new cash-and-share offer is worth 47.50 euros per share and includes a bonus of 1 euro per share, pr…
Pechiney snubs Alcan sweetener (September 08, 2003)
Alcan (AL-T) has taken a sweetened takeover bid for Paris-listed Pechiney off the table after the latter rejected the bid as too low.The French aluminum maker says the revised bid of 47-48 euro per sh…