Suppliers News (September 03, 2007)
Aker Kvaerner posts strong quarter
Alcan Inc
Editorial: Rio Tinto bets heavily on aluminum with Alcan offer
There hasn’t been the slightest slowdown this summer in mergers-and-acquisitions activity, with the week ended July 14, the 28th trading week of 2007, punctuated by the largest takeover in global mini…
UPDATE: Alcoa withdraws Alcan offer
Alcoa (AA-N) has pulled its takeover offer for Alcan (AL-T, AL-N) after its bid was jumped by Rio Tinto (RTP-N, RIO…
Alcan introduces white knight (July 12, 2007)
Rio Tinto (RTP-N, RIO-L, RIO-A) has entered the lists as a friendly bidder for Alcan (AL-T, AL-N), in a deal that v…
Editor’s Picks: Back Slapping Galore
An unabashedly good news story right here in Canada highlighted the week ended May 26, the twenty-first trading week of 2007.
Editorial: AA+AL=Alcoan?
With U.S. aluminum giant Alcoa launching a hostile takeover bid for Alcan, Canada’s largest mining company, on May 7, it wasn’t hard coming up with the top mining story of the week ended May 12, the 1…
Alcoa Bids for Alcan
A meaty hostile offer has been tabled; now let the politics begin. On May 7, U.S. aluminum giant Alcoa (AA-N) unveiled a cash-and-share bid for Canada’s largest mining company, Alcan (AL-T, AL-N), in …
Regulatory Decision Stalls Alcan Smelter Upgrade
Vancouver — A planned $1.8-billion upgrade of Alcan’s (AL-T, AL-N) Kitimat smelter appears to be on hold following a regulatory decision to reject a power sales agreement between the aluminum giant a…
Alcan to invest US$1.8B in Kitimat
A proposal by Alcan (AL-T, AL-N) to invest US$1.8 billion on a modernization program at its aluminum smelter in Kitimat, B.C., is getting a cool reception from community leaders who believe the compan…
Alcan growing to meet aluminum shortage
Alcan (AL-T, AL-N) has secured 40% of the energy it would need to significantly expand its aluminum smelter in Iceland….
TSX plummets from high
Slumping energy and metal stocks dragged the Toronto Stock Exchange down nearly 5% to 11,519.49 points during the Feb. 7-13 report period. Profit-taking and fund-selling helped gold drop US$20.45 per…