Global Economy

Politics-Proof Economies?

Wind Industry’s New Technologies Are Helping It Compete on Price

Johnson: What is a foreign language worth?

Service elevators

Trade More homework, please

Services The next big thing

Senate Report Says Caterpillar Used Swiss Subsidiary to Reduce Taxes

The Dollar Value of an Extra Year of Life

Blueprints for Taming the Climate Crisis

Within about 15 years every new car sold in the United States will be electric. In fact, by midcentury more than half of the American economy will run on electricity. Up to 60 percent of power might come from nuclear sources. And coal’s footprint will shrink drastically, perhaps even disappear from the power supply.

“This will require a heroic cooperative effort,” said Jeffrey D. Sachs, the Columbia University economist who directs the Sustainable Development Solutions Network at the United Nations,

Profits Vanish in Venezuela After Currency Devaluation

The country’s high inflation — currently around 60 percent a year — has also meant that the prices in bolívares that companies charge for many goods and services have risen sharply.

Now companies are feeling the pain from a series of currency devaluations over the last year and a half. Photo

Aluminum and Icelandic GDP

The aluminum sector now consumes almost 75 per cent of electricity generated in Iceland. When taking this part of the Icelandic energy industry into account, the total contribution of the aluminum industry to the Icelandic GDP is somewhat larger than the direct contribution, and the total contribution can be said to be 5.4-6.3 per cent annually (on average in the period 2007-2010). In 2010 this number was approximately 7.7-8.6 per cent.

n her thesis, Ms. Ragnarsdóttir explains how aluminum production first began in Iceland in the year 1969, with an output of barely 11 thousand tons annually. In the early 1990s the rate of production grew rapidly and today it is around 820 thousand tons annually. Two of the largest hydroelectric power stations in Iceland were constructed mainly to serve the aluminium industry.

Our strategy

All international crises elicit predictions that, this time, the EU will finally be forced to grow up, and develop a real foreign policy strategy. Such expectations are usually disappointed. I don’t see why it should be any different, this time.

Restarting Ukraine’s Economy

The agreement includes $1 billion for extraction and exports of bauxite to the UAE as well as a $4 billion aluminium refinery and a port, Mohamed Lamine Fofana, Guinea's minister for mines and geology told Reuters at a Guinea investors' conference in Abu Dhabi.The investment forms part of the UAE's expansion plans for its Emirates Global Aluminium business, set to become the world's fifth largest aluminium company by output next year.Emirates Global Aluminium was created from the merger of DUBAL and Emirates Aluminium (EMAL). The merged group has two aluminium plants in the UAE, one in Dubai and a second at Taweelah near Abu Dhabi.

In May 2013, Mubadala and DUBAL said they would jointly take over a Guinea Alumina Corp project in Guinea, acquiring 66.6 percent from BHP Billiton (BHP.AX) and Global Alumina.

GUINEA: Winners and losers in Guinea’s bauxite industry

“Rather than making people richer, mining has made them poorer,” said Akoumba Diallo, a mining sector researcher. “It polluted their environments so they can’t grow crops or let animals feed near mining sites. And it is hard to get water anywhere because it’s contaminated.” With mining contributing to 85 percent of the country’s external revenue, and the World Bank estimating investments of up to US$20 billion in bauxite mining in Guinea over the next decade, the government is currently rewriting and renegotiating its mining contracts - unchanged for 25 years - with 15 companies to ensure Guineans are more likely to benefit from the wealth they spawn.

Mining companies are legally obliged to pay taxes to owners of the land they mine,

The estimated annual bauxite output of 1.4 million tonnes will mostly go to the alumina refinery in Romania, ensuring the necessary raw material for aluminium production in Slatina.

Most of the bauxite output will be supplied to the Vimetco's alumina refinery, Alum Tulcea, which reopened in 4Q 2009 following a complex upgrading programme, during which the Company replaced part of the existing equipment, to make production processes more efficient and to comply with European regulations for environment protection.

Aluminium value chain - Norsk Hydro ASA

Last updated: April 7, 2014 7:11 pm Mario Draghi’s ‘whatever it takes’ may not be enough for the euro

Automation Alone Isn’t Killing Jobs