En+ Group reports net profit plummeted 61.2% to $716 million in 2023

LONDON: En+ Group IPJSC, a leading global producer of aluminium and power, has released its financial and operational results for the fiscal year 2023, revealing a challenging economic landscape marked by geopolitical tensions and market volatility. Despite a significant drop in aluminium prices and a rapid rise in the dollar exchange rate, En+ managed to…

Alcoa Corporation offers to buy Alumina Limited in a share swap deal

SYDNEY: Alcoa Corporation has made a conditional offer to buy all the shares of Alumina Limited through a share swap deal, a financial news announcement noted. Alumina shareholders would receive 0.02854 Alcoa shares for each Alumina share they own. This offer values Alumina at 13.1% higher than its closing price on 23 February 2024, and…