International news within the industry of mining and metal, Apr, 24 2019
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EU investigates Noveli's acquisition of Aleris

Planetarium in Bristol, made of aluminium. Photo: Creative Commons, credit: Stux
Planetarium in Bristol, made of aluminium. Photo: Creative Commons, credit: Stux
Published by
Markku Björkman - 29 Mar 2019

The EU competition authority has initiated an investigation into the company Nolesi's acquisition of Aleris in the aluminium market. The purchase price amounted to $ 2.1 billion.

  "Our in-depth investigation aims to ensure that Noveli's acquisition of Aleris does not adversely affect competition in the aluminium markets and does not lead to fewer choices and higher prices for European industrial customers," says the European Commissioner for Competition Margrethe Vestager.

If the deal goes through, Novelis will take over Aleris 13 factories spread across three continents. Novelis sees the deal as an opportunity to expand in space and aerospace industry, which has become more lucrative in recent years. The new company would have its headquarters in Atlanta, USA. Novelis is owned by the Indian group Aditya Birla.

Source: Aluminum Insider
 
 

The property lies in the famous Cobalt province and is approximately 47 km south of the town of Cobalt. The picture shows an old mine in the town of Cobalt. In the early 1900s, the area was heavily mined for silver; the silver ore also contained cobalt. By 1910, the community was the fourth highest producer of silver in the world. Mining declined significantly by the 1930s, together with the local population. In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Photo: Wikipedia, credit: P199
The property lies in the famous Cobalt province and is approximately 47 km south of the town of Cobalt. The picture shows an old mine in the town of Cobalt. In the early 1900s, the area was heavily mined for silver; the silver ore also contained cobalt. By 1910, the community was the fourth highest producer of silver in the world. Mining declined significantly by the 1930s, together with the local population. In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Photo: Wikipedia, credit: P199

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Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly-owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for the Silver Mine project and is working on project financing issues. Photo: Sotkamo Silver
Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly-owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for the Silver Mine project and is working on project financing issues. Photo: Sotkamo Silver

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The joint initiative called HYBRIT of SSAB, LKAB and Vattenfall – here with their three representatives at the fair, from right, Martin Pei technology manager at SSAB, Jan Moström CEO of LKAB and Martin Lindqvist, CEO of SSAB. HYBRIT is now on exhibit as an exciting sustainability collaboration at one of the worlds largest industrial trade fairs in Hanover. The CEOs of the three companies are in Germany to show the rest of Europe that it is possible to produce fossil free steel. Photo: SSAB

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