Alcan to spend US&#36;55 million building two packaging plants in Russia
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MONTREAL (CP) - Alcan Inc. is investing &#36;55 million US in the Russian packaging market to build and equip two factories in the Moscow and St. Petersburg regions.
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A plan to give Europe access to a substantial amount of natural gas from a huge new field originally earmarked for the US market is a direct consequence of US policy toward Russia on WTO membership and sanctions on Russian defense exports, newspapers have said.
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Anglo-Australian miner Rio Tinto launched a 38.1-billion-dollar offer for Canada&#39;s Alcan on Thursday, trumping US rival Alcoa in a mammoth bid to create the world&#39;s largest aluminium company.
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Metso Paper will deliver equipment for groundwood pulp and paper making processes to Myllykoski Group's paper mills in Germany, Finland and the United States.
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MONTREAL (CP) - Alcan Inc. said Thursday it has reached an agreement to sell its ferroalloy division to a Spanish company in a deal expected to be worth more than 100 million euros or about $165 million Cdn.
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Rio Tinto Group agreed yesterday to buy Alcan Inc. for $38.1 billion in cash, overwhelming a hostile bid by Alcoa Inc. to form the world's biggest aluminum maker.
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A consortium led by Royal Dutch/Shell Group that is developing gas reserves off Russia's Sakhalin Island said Thursday it has struck a &#36;6 billion deal to supply liquefied natural gas, or LNG, to energy-hungry North America.
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Global miner Rio Tinto was near a deal  to buy Canadian aluminum giant Alcan Inc. for about $100 per  share, or $37 billion, The Wall Street Journal Online reported  on Thursday.
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RUSAL said the move was part of an effort to build a globally competitive Russian metals and mining company.
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Business & money: Brewing giant looking for a partner in a bid to seize control of its Russian joint venture with Carlsberg
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Russian oil giant Lukoil Holdings is planning a &#36;1 billion joint investment with Venezuela's state-run oil company, a top Lukoil official said Thursday.
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MONTREAL (CP) - Alcan Inc.&#39;s rolled-products division will be saddled with a debt of $2.8 billion US as it becomes a separate company under the name Novelis, says a preliminary prospectus.
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The new aluminum rolled products company to be spun off from Alcan Inc. (AL.TO: Quote, Profile, Research) will assume $2.8 billion of debt, according to a prospectus
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China's state-owned aluminum giant Chinalco and U.S. partner Alcoa Inc  had agreed to buy up to 14.9 percent of Rio Tinto Plc  this month and had up to $24 billion to spend, according to a January 30 memo.
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US oil major pays nearly $2B for 7.6% of Russian firm, partnership eyes projects in Russia, Iraq. MOSCOW  - US oil major ConocoPhillips and Russia&#39;s Lukoil announced Wednesday they would form a strategic
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Canadian aluminum producer Alcan Inc. reported Thursday that it agreed to sell its ferroalloy division Pechiney Electrometallurgie to Ferroatlantica for more than 100 million euro ($136.2 million).
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Chinese machinery maker Sany Heavy  Industry Co will sign a memorandum of understanding with the  U.S. state of Georgia on Wednesday to build a $60 million  plant, a source familiar with the situation said on Tuesday.