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Vedanta Aluminium becomes India s largest green power purchaser

Vedanta Aluminium becomes India s largest green power purchaser
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Alcoa Corporation: A High-Performing Aluminum Player

Alcoa Corporation: A High-Performing Aluminum Player
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Amended agreement delivers stronger competitiveness for Straumsvik smelter

Amended agreement delivers stronger competitiveness for Straumsvik smelter Landsvirkjun and Rio Tinto Iceland have agreed on amending the power purchase agreement (PPA) between the two companies dating back to 2010, thereby allowing the Straumsvik aluminum smelter to continue operating with a stronger competitive position. Landsvirkjun and Rio Tinto welcome this milestone that gives a more secure footing for ongoing operations of the smelter for the coming years, as well as predictable revenue stream for Landsvirkjun and increased flexibility for both parties. As before, the contract specifies the sale of 390 MW or 3.416 GWh pr. year and expires in 2036. Amending the contract is a positive development for both parties. The base power price has been adjusted and remains in USD and linked to the US Consumer Price Index (CPI). To a small extent, the contract is also linked to aluminum prices which enables price correlation to international markets to some degree. This agreement is an amen

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$480m fund launched to build hotel resort at King Abdullah Economic City

RIYADH: A $480 million fund to build a luxury resort at King Abdullah Economic City (KAEC) has been launched. Emaar The Economic City (Emaar EC) announced in a Saudi stock market filing on Sunday that a framework cooperation agreement to establish the investment fund had been signed. It said the agreements would be signed with the Saudi Tourism Development Fund, the Turkish investment company FTG Development, Saudi bank Albilad’s investment company, Albilad Capital, and Curacao-based finance company Ekofine Holding BV. The fund will be allocated toward the development and operation of a five-star resort and hotel under the Dubai-based Rixos brand, owned by Accor International, according to a company statement.

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Rio Tinto reaches agreement to extend the term of Tiwai Point aluminum smelter in New Zealand_SMM

[Rio Tinto reached agreement to extend the term of the Tiwai Point aluminum smelter in New Zealand] Rio Tinto said in a statement on Thursday that the smelter in the southern South Island of New Zealand would be closed in December 2024 instead of August this year. Discussions are still under way with the Government of New Zealand on the cost of transmission and the final outcome of the site of the smelter.

Tiwai pointNew zealand generalNew zealandSouth islandRio tintoMeridian energyAluminum smelterதிவாய் பாயஂட்புதியது ஜீலாந்து ஜநரல்புதியது ஜீலாந்துதெற்கு தீவுரியோ டின்டோமெரிடியன் ஆற்றல்அலுமினியம் ஸ்மெல்டர்