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Aluminum

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Russia's En+ to pay out $125 mln in interim dividends in Dec

7:00am BST

Oct 20 (Reuters) - En+ Group::Says board approves interim dividends of $125 million to be paid in December 2017;.Says following results of 2017, it aims to declare additional dividends in 2018 for 2017..

Jiangsu Lidao New Material sets pricing for Shanghai IPO

12:42am BST

Oct 20 (Reuters) - Jiangsu Lidao New Material Co Ltd:Says it aims to raise up to 500.8 million yuan ($75.73 million) in initial Shanghai share offering by selling 52.2 million shares at 9.59 yuan per share.

Grupa Kety Q3 net profit down at 77.1 million zlotys

Thursday, 19 Oct 2017

Oct 19 (Reuters) - GRUPA KETY SA : :Q3 REVENUE 717.5 MILLION ZLOTYS VERSUS 638.8 MILLION ZLOTYS YEAR AGO.Q3 OPERATING PROFIT 98.7 MILLION ZLOTYS VERSUS 90.7 MILLION ZLOTYS YEAR AGO.Q3 NET PROFIT 77.1 MILLION ZLOTYS VERSUS 86.5 MILLION ZLOTYS YEAR AGO.

United Company RUSAL announces possible share transfer between shareholders

Thursday, 19 Oct 2017

Oct 19 (Reuters) - United Company RUSAL:Possible Share Transfer Between Shareholders Of The Company .‍En+ announced that En+ and Amokenga entered into a non-binding term sheet in relation to a possible share transfer​.‍Amokenga will subscribe for a certain number of GDRS in En+​.‍as consideration for subscription, Amokenga will transfer about 8.75% of total issued share capital of company to En+​.‍if possible share transfer materializes, En+'s shareholding in co will increase from 48.13% to approximately 56.88%​.

Kaiser Aluminum reports Q3 earnings $1.16/shr

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Kaiser Aluminum Corp :Kaiser Aluminum Corporation reports third quarter and first nine months 2017 financial results.Q3 adjusted earnings per share $0.90 excluding items.Q3 sales $333 million versus I/B/E/S view $335.4 million.Q3 earnings per share view $1.08 -- Thomson Reuters I/B/E/S.Q3 earnings per share $1.16.Kaiser Aluminum Corp qtrly ‍value added revenue $187 million down 5% despite higher shipments​.Kaiser Aluminum Corp - ‍2017 outlook for automotive extrusions and general engineering applications remains unchanged​.Kaiser Aluminum Corp- qtrly shipments 150​ million lbs versus 148 million lbs last year.Kaiser Aluminum Corp - ‍expect 2017 aerospace shipments will be less than prior year due to slower-than-anticipated trentwood ramp-up​.

Russia's En+ to covert Glencore's stake in Rusal into En+ GDRs

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Russia's holding group En+ Group said::En+ Group signed non-binding term sheet with Amokenga Holdings Limited (AHL), a subsidiary of Glencore plc <<>>, for the conversion of Glencore's 8.75 percent shareholding in Rusal <<<0486.HK>>> into global depositary receipts representing ordinary shares of En+ Group. .The conversion is expected to occur following the completion of the announced initial public offering by En+ Group..Upon completion of conversion, En+ Group's shareholding in Rusal would increase to 56.88 percent from 48.13 percent..En+ says ‍following completion of transaction, AHL would be entitled to appoint Glencore CEO to the board of directors of En+ Group.​.En+ is not required to make a mandatory takeover offer as a result of transaction..

Norsk Hydro appoints banks for potential bond issues

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Norsk Hydro Asa :Fixed income investor meetings and contemplated bond issuance.‍has mandated dnb markets, handelsbanken capital markets and nordea as joint lead managers to arrange a series of fixed income investor meetings in nordics​.‍NOK and SEK denominated senior unsecured fixed and/or floating rate bond issues with tenors in range 2 to 7 years may follow​.‍proceeds from contemplated bond issues will be general corporate purposes and refinancing of debt raised in connection with acquisition of sapa as​.

Shenzhen Sunxing Light Alloys Materials' board elects chairman

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Shenzhen Sunxing Light Alloys Materials Co Ltd <603978.SS>:Says board elects Chen Xuemin as chairman.

Henan Mingtai it expects 9-month net profit to rise 40 pct y/y

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Henan Mingtai Al.Industrial Co Ltd <601677.SS>:Says it expects 9-month net profit to rise 40 percent y/y from 200.8 million yuan ($30.32 million) year ago.

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