Alcoa to close Suralco refinery in Suriname

January 05, 2017 10:08 AM
PARAMARIBO-  - Alcoa Corp said it would permanently close its Suralco alumina refinery and bauxite mines in Suriname, more than a year after stopping production at the plant.
 
The company said on Tuesday it would record $90 million in charges in the fourth quarter of 2016 related to the restructuring.
 
Alcoa stopped production at the Suralco refinery, which has an annual refining capacity of 2.2 million metric tons, in 2015 due to dwindling bauxite ore supply. (http://reut.rs/2hPHOJH)
 
Suralco is part of the Alcoa World Alumina and Chemicals (AWAC) group of companies owned 60 percent by Alcoa and 40 percent by Alumina Limited.
 
The aluminum producer said it was in talks with the Suriname government regarding Suralco's remaining activities in the country.
 
Alcoa also said it would record a $31 million non-cash, after-tax charge associated with its interests in a Western Australia gas field.
 
The total impact of the charges is estimated to be 66 cents per share, the company said.
 
Alcoa said a power outage at the Portland Aluminum smelter in Victoria, Australia is not expected to have a significant unfavorable impact on fourth-quarter results.
 
The smelter was hit when a power interconnector between the states of Victoria and South Australia went down on Dec. 1, knocking out power to both of the plant's potlines for about five-and-a-half hours. 
 
Reuters

Lawyer Roeland Zwanikken considers legal action against ABN AMRO Bank

May 08, 2021 6:14 PM
THE HAGUE--Attorney-at-law Roeland Zwanikken at St. Maarten’s BZSE law office is considering legal action against the intention of the Dutch ABN AMRO Bank to close the bank accounts of its clients in the Dutch Caribbean.

Fiscaal onderzoek bij notariskantoren vinden doorgang

May 07, 2021 8:04 AM
In het Antilliaans Dagblad: Fiscaal onderzoek bij notariskantoren
WILLEMSTAD – De fiscale onderzoeken bij de notarissen vonden en vinden, ondanks de beperkingen van Covid-19, weer doorgang en de medewerking aan de kant van notarissen en adviseurs is daarbij ‘over het algemeen goed’.

Juridische miljoenenstrijd tussen BNP Paribas en Italiaanse prinses verhardt

February 22, 2021 4:51 PM
  • Bezit van Italiaanse Crociani-familie op Curaçao mag van rechter worden verkocht
  • De Crociani's ruziën al jaren met BNP Paribas over een claim van $100 mln
  • Curaçaos trustkantoor United Trust heeft 'geen enkele relatie meer' met Camilla Crociani
Een Italiaanse prinses met zakelijke belangen in Nederland heeft het onderspit gedolven bij diverse rechtbanken in een langslepend conflict met zakenbank BNP Paribas.