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Volta Aluminium Company
Volta Aluminum Company, known as VALCO, is an aluminium company based in Tema, Greater Accra Region founded by Kaiser Aluminum and now wholly owned by the government of Ghana. History VALCO was a joint venture with Kaiser Aluminum and ALCOA, major aluminum conglomerates both based in the United States, in the British Gold Coast colony in 1948. In 1961, Kaiser Aluminum & the Ghana Government invested in the Akosombo Hydroelectric Project to provide energy for its aluminum smelters. The company had negotiated favorable terms for power purchase with the government. The agreement was re-negotiated in 1985, by the Rawlings government, to reflect the increased value of electrical energy. In May 2003 VALCO closed completely due to problems in negotiating a supply of electricity. On August 4, 2004, Alcoa and the Government of the Republic of Ghana announced that they had finalized agreements to restart the VALCO smelter in Tema, Ghana. The plan, which included the restart 3 potlines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ALCOA
Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. In May 2007, Alcoa Inc. made a US$27 billion hostile takeover bid for Alcan in an attempt to form the world's largest aluminum producer. The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007. On November 1, 2016, Alcoa Inc. split into two entities: a new one called Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and the renaming of Alcoa Inc. to Arconic Inc., which processes aluminum and other metals. After relocating its corporate operations to New York City in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Ventures
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcoa
Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. In May 2007, Alcoa Inc. made a US$27 billion hostile takeover bid for Alcan in an attempt to form the world's largest aluminum producer. The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007. On November 1, 2016, Alcoa Inc. split into two entities: a new one called Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and the renaming of Alcoa Inc. to Arconic Inc., which processes aluminum and other metals. After relocating its corporate operations to New York City in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluminium Smelters
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It has a great affinity towards oxygen, and forms a protective layer of oxide on the surface when exposed to air. Aluminium visually resembles silver, both in its color and in its great ability to reflect light. It is soft, non-magnetic and ductile. It has one stable isotope, 27Al; this isotope is very common, making aluminium the twelfth most common element in the Universe. The radioactivity of 26Al is used in radiodating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ is small and highly charged; as such, it is polarizing, and bonds aluminium forms tend towards covalency. The strong affinity towards oxyge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluminium Companies Of Ghana
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It has a great affinity towards oxygen, and forms a protective layer of oxide on the surface when exposed to air. Aluminium visually resembles silver, both in its color and in its great ability to reflect light. It is soft, non-magnetic and ductile. It has one stable isotope, 27Al; this isotope is very common, making aluminium the twelfth most common element in the Universe. The radioactivity of 26Al is used in radiodating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ is small and highly charged; as such, it is polarizing, and bonds aluminium forms tend towards covalency. The strong affinity towards oxyg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluminium In Africa
Aluminium in Africa originates from bauxite, and within Africa is primarily found in Guinea, Mozambique and Ghana. Guinea is by far the biggest producer in Africa, and is a world leader in bauxite production. There are many companies involved in the aluminium trade in Africa. Principal mine and smelter operators include: Cameroon * Ngaoundéré - railhead * Minim, Martap - Canyon Resources Ghana * Ghana Bauxite, affiliated with Alcan * Volta Aluminum Company (Valco) Guinea * Rio Tinto Alcan * Compagnie des Bauxites de Guinée (CBG) - in the Boké Region - Guinea's largest producer, affiliated with Halco Mining, which is affiliated with Alcan, Alcoa, Reynolds Metals, Pechiney, Comalco, etc. * Alumina Company of Guinea, ACG - operating the Friguia bauxite-alumina complex at Friahttp://railwaysafrica.com/index.php?option=com_content&task=view&id=3381&Itemid=35 * Societé des Bauxites de Kindia SBK - state-owned, operates the Kindia mining operations; operated b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluworks
Aluworks is a manufacturing company based in Tema, Greater Accra. It was founded on February 24, 1978 and was converted to a public limited liability company on May 28, 1996. After an Initial Public Offer in October 1996, it was listed on the Ghana Stock Exchange on November 29, 1996 at the share price of GH¢ 0.135. The company is a component listing of the GSE All-Share Index. Operations Aluworks is a company that makes aluminium sheets, coils, corrugated roofing, louver blades, etc. from raw aluminium ingots. One of Aluworks' principal raw materials vendors, the Volta Aluminium Company, was completely closed between May 2003 and early 2006 due to problems in negotiating an electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described ... supply. References External links Aluwor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity
Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of an electric charge, which can be either positive or negative, produces an electric field. The movement of electric charges is an electric current and produces a magnetic field. When a charge is placed in a location with a non-zero electric field, a force will act on it. The magnitude of this force is given by Coulomb's law. If the charge moves, the electric field would be doing work on the electric charge. Thus we can speak of electric potential at a certain point in space, which is equal to the work done by an external agent in carrying a unit of p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Akosombo Hydroelectric Project
The Akosombo Dam, also known as the Volta Dam, is a hydroelectric dam on the Volta River in southeastern Ghana in the Akosombo gorge and part of the Volta River Authority. The construction of the dam flooded part of the Volta River Basin and led to the subsequent creation of Lake Volta. Lake Volta is the largest man-made lake in the world by surface area. It covers , which is 3.6% of Ghana's land area. With a volume of 148 cubic kilometers, Lake Volta is the world's third largest man-made lake by volume; the largest being Lake Kariba which contains 185 cubic kilometers of water. The primary purpose of the Akosombo Dam was to provide electricity for the aluminium industry. The Akosombo Dam was called "the largest single investment in the economic development plans of Ghana." The dam is significant for providing the majority of both Togo and Benin's electricity, although the construction of the Adjarala Dam (on Togo's Mono River) hopes to reduce these countries' reliance on import ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Coast (British Colony)
The Gold Coast was a British Crown colony on the Gulf of Guinea in West Africa from 1821 until its independence in 1957 as Ghana. The term Gold Coast is also often used to describe all of the four separate jurisdictions that were under the administration of the Governor of the Gold Coast. These were the Gold Coast itself, Ashanti, the Northern Territories Protectorate and the British Togoland trust territory. The first European explorers To arrive at the coast were the Portuguese in 1471. They encountered a variety of African kingdoms, some of which controlled substantial deposits of gold in the soil. In 1483, the Portuguese came to the continent for increased trade. They built the Castle of Elmina, the first European settlement on the Gold Coast. From here they acquired slaves and gold in trade for European goods, such as metal knives, beads, mirrors, rum, and guns. News of the successful trading spread quickly, and British, Dutch, Danish, Prussian and Swedish traders ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
