Constellium Nv :Constellium announces initial settlement of cash tender offer by wise Metals Group LLC for 8.75 pct senior secured notes due 2018.
First Aluminium Nigeria Plc : Says appointment of Elias Igbinakenzua as managing director/CEO, effective Feb 1, 2017 Source: http://bit.ly/2llqZIX Further company coverage: [FIRSTAL.LG] (Bangalore.firstname.lastname@example.org).
Yunnan Aluminium Co Ltd <000807.SZ> : Says it plans to raise up to 4.5 billion yuan ($656.46 million) in share private placement to fund acquisition, projects and repay bank loans . Says proceeds will be used to acquire stakes and debts in three hydropower firms for up to 2.1 billion yuan . Says share to resume trading on Feb 17 .Says it and unit plan to set up finance leasing firm with registered capital of 504 million yuan with partners.
AEI Corporation Ltd : Expected to report a loss for FY2016 .Loss was due to lower sales revenue due to challenging market conditions, impairment of assets and de-consolidation of disposed subsidiaries.
United Company Rusal Plc <0486.HK>: Noted recent media reports that co is considering a secondary public offering of shares, in which co could offer 20% of shares in London .Clarifies that board has not considered or discussed secondary public offering of shares in London.
Realm Resources Ltd - : Glen Lewis has been appointed as managing director .Theo Renard will remain as chief financial officer.
Profilgruppen AB : Q4 turnover 306.8 million Swedish crowns ($34.6 million) versus 234.7 million crowns year ago . Q4 operating profit 23.8 million crowns versus 4.9 million crowns year ago .Proposes to AGM dividend of 3.00 crowns per share.
Norsk Hydro Asa : q4 underlying ebit nok 1,829 million (reuters poll nok 1.80 billion) . repeats global demand for primary aluminium to grow 3-5 percent in 2017, says global market largely balanced . proposes 2016 dividend nok 1.25 per share (Reuters poll nok 1.06) . We have made better-than-expected progress in our better improvement efforts, delivering 1.4 billion nok in improvements in 2016 . These efforts will continue with full force in 2017, making hydro's operations more robust across value chain and company well positioned for a better, bigger and greener future . For 2016, nok 1.4 billion of annual improvements was delivered, exceeding 1.1 billion target . Proposed payment represents a 40% percent pay-out ratio of reported net income for year reflecting hydro's operational performance for 2016 and strong financial position . Hydro's board of directors has revised company's dividend policy to reflect ambition to pay a stable or increasing dividend. Hydro's policy is in long term to pay out, on average, 40 percent of reported net income as dividend over cycle .Norsk hydro q4 underlying net result nok 968 million (Reuters poll nok 1.01 billion).
JMC Corp <5704.T>:Says it signed a business alliance for service and sale related to nondestructive inspection equipment.