Samsung SDI invests in Canada Nickel, has right to buy 10% of Crawford project
The South Korean battery maker can acquire a 10% equity interest in the Crawford project for $100.5 million.
Mining and metals conglomerate Eurasian Resources Group (ERG) is shutting down for three months one of the bauxite mines supplying feedstock to its alumina plant in Pavlodar, Kazakhstan, the company said on Tuesday.
The Torgai mining division accounts for 3.4% of the plant’s bauxite supply, ERG said in a statement, adding that the move was a result of a decline in the prices of alumina and aluminium.
ERG’s Pavlodar plant produces 1.5 million tonnes of alumina a year, which it splits between ERG’s own smelter in the same city and buyers in Russia and China.
(By Mariya Gordeyeva and Olzhas Auyezov; Editing by David Holmes)
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