R/€ = 16.30 Change: 0.03
R/$ = 14.35 Change: 0.05
Au 1248.74 $/oz Change: 10.70
Pt 790.08 $/oz Change: 5.73

Aluminium News

Rio Tinto wraps up $500m sale of French smelter

By: Creamer Media Reporter      18th December 2018 Diversified major Rio Tinto has completed the sale of its aluminium smelter at Dunkerque, France, to Liberty House for $500-million. Liberty House, which is part of the GFG Alliance (Gupta Family Group), has committed to continuing operations at the smelter and has announced plans for the... 

India’s Nalco lines up $6.33bn expansion projects

By: Ajoy K Das     18th December 2018 Indian State-run National Aluminium Company (Nalco) has lined up $3.52-billion investments on brownfield expansion and another estimated $2.81-billion on greenfield projects over the next few years. According to Nalco chairperson, T K Chand, the company is expecting to close the current... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Alcoa signs up more gas in WA

By: Esmarie Iannucci     12th December 2018 Aluminium major Alcoa has secured three new gas supply agreements that would supply 25% of the company’s Western Australian gas requirements from 2020. Alcoa has struck agreements with providers BHP, Woodside and Chevron, and coupled with existing supply contracts with Santos and Quadrant... 

US delays Rusal sanctions as talks with Deripaska continue

By: Bloomberg     10th December 2018 The US Treasury Department delayed imposing sanctions on Russia’s largest aluminum producer, United Co. Rusal, for the fifth time, as it seeks to strike a deal that would allow the company to escape the penalties. Treasury said in a notice Friday that licenses allowing Rusal to continue doing... 

Rio restarts New Zealand potline

By: Esmarie Iannucci     6th December 2018 Diversified miner Rio Tinto on Wednesday re-opened Potline 4 at its New Zeland Aluminium Smelter (NZAS), on the South Island. The company and its joint venture partner Sumitomo invested some $4.1-million over the last year to upgrade and restart the potline, adding 31 000 t of production capacity. 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Pure flags possible merger with Canadian producer

By: Esmarie Iannucci     3rd December 2018 ASX-listed Pure Alumina has struck a non-binding term sheet with Canada’s Polar Sapphire to negotiate a possible merger. Pure told shareholders on Monday that the companies had committed to work towards formal terms of the potential transaction before the end of January next year. 

Norsk Hydro sees weaker aluminium demand growth in 2019

By: Reuters     29th November 2018 Norwegian metals maker Norsk Hydro expects global primary aluminium demand to grow by 2% to 3% in 2019, down from the 4% seen for 2018, it said on Thursday. Trade sanctions and tariffs are impacting global flows of aluminium and increasing uncertainty on economic growth. 

Potanin to appeal UK court decision in battle of billionaires

By: Reuters     28th November 2018 Russian businessman Vladimir Potanin plans to appeal a London court decision to block him from buying shares in mining company Norilsk Nickel from fellow investor Roman Abramovich, representatives at Potanin's investment firm said on Tuesday. The ruling, taken in June, was considered to be... 

Alufer successfully delivers first bauxite shipment to China

By: Simone Liedtke     22nd November 2018 Independent mineral exploration and development company Alufer Mining has delivered its first Capesize shipment of bauxite, which totals 203 009 metric tonnes, to the Port of Qingdao, in China. From the port, it will be delivered to China’s largest alumina and primary aluminium producer, Chalco... 

Rio forecasts new aluminum capacity will be needed outside China

By: Bloomberg     21st November 2018 Aluminum producers will need to build additional smelting capacity outside of China as inventories run down in the coming two to three years, according to Rio Tinto Group. “We see aluminum demand growth being extremely healthy,” Alf Barrios, Rio’s aluminum chief executive officer, said in an... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production

By: Marleny Arnoldi     19th November 2018 Nespresso, an operating unit of Nestlé Group, will be the first company to use responsibly-sourced aluminium from global miner Rio Tinto to produce its coffee capsules. The two companies have signed a memorandum of understanding (MoU) to work together with Nespresso’s capsule manufacturers to... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production
Nespresso using Rio Tinto's responsibly-sourced aluminium in coffee capsule production

India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

By: Ajoy K Das     16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

Brazil lawmakers slam Norsk Hydro, regulators for Alunorte leak

By: Reuters     14th November 2018 "Failures and possible crimes" led to a February leak of mineral byproduct at Norsk Hydro ASA's Alunorte alumina refinery in the Amazonian state of Para, a special commission in Brazil's lower house said in a report released on Tuesday A congressional commission assembled to look into the... 

Rio Tinto completes sale of wharf to LNG Canada

By: Mariaan Webb     12th November 2018 Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to Royal Dutch Shell-led LNG Canada for $576-million. LNG Canada, a joint venture comprising Shell, Petronas, PetroChina, Mitsubishi Corporation and Kogas, entered into an option agreement with Rio Tinto... 

US postpones sanctions deadline on Russian tycoon's firms

By: Reuters     12th November 2018 The United States on Friday said it was postponing the enforcement of sanctions on Russian companies EN+, Rusal and Gaz PAO for nearly four weeks as their top shareholder works on a plan to cut his stakes. The US Treasury Department had given Russian tycoon Oleg Deripaska until December 12 to... 

US postpones sanctions deadline on Russian tycoon's firms
Russian tycoon Oleg Deripaska

Sanjeev Gupta's Liberty gets financing for Dunkirk aluminium smelter

By: Reuters     9th November 2018 Industralist Sanjeev Gupta's Liberty steel company has secured the financing for its acquisition of a Dunkirk aluminum smelter from Rio Tinto . The Liberty company said on Friday that it had entered into a committed financing agreement with a syndicate of major international banks. It said the... 

Brazil court upholds partial shutdown at Hydro Alunorte alumina refinery

By: Reuters     8th November 2018 A federal court in Brazil once again upheld a decision by a state court forcing aluminum-maker Norsk Hydro to run its Alunorte alumina refinery, the world's largest, at half capacity, state prosecutors said on Wednesday. The decision, made on Tuesday, is part of a months-long environmental... 

Rusal appoints CEO, Q3 profit up as sanctions postponed

By: Reuters     5th November 2018 Russian aluminium giant Rusal has appointed a chief executive, it said on Monday, after reporting a 42% jump in third-quarter recurring net profit on the previous quarter as sanctions imposed by Washington were postponed. The US Treasury Department in April blacklisted billionaire Oleg Deripaska... 

Rusal appoints CEO, Q3 profit up as sanctions postponed

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

ERG forecasts strong metals price recovery

By: Marleny Arnoldi     29th October 2018 Diversified miner Eurasian Resources Group (ERG) forecasts a strong metals price recovery ahead, including for copper, cobalt, aluminium, ferrochrome and iron-ore. “Our view that commodities have fallen foul of wider macroeconomic concerns and the changing geopolitical landscape was confirmed... 

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

Norsk Hydro Q3 beats forecast, Alunorte outlook still uncertain

By: Reuters     24th October 2018 Norwegian aluminium producer Norsk Hydro's third-quarter earnings far exceeded forecasts on Wednesday amid rising metals prices, but the company is still in the dark over when its key Brazilian alumina plant can return to full production. The company won permits from Brazilian authorities... 

Bosnian government to help keep Aluminij smelter on power grid

By: Reuters     19th October 2018 A Bosnian regional government will help to keep aluminium smelter Aluminij Mostar running, a Minister said on Friday, after heavy debt brought it to the brink of closure. Management at Bosnia's sole aluminium smelter had called for the Bosniak-Croat Federation to intervene after the business was... 

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

Major equipment for Guinea bauxite project delivered

By: Rebecca Campbell     19th October 2018 United Arab Emirates (UAE) group Emirates Global Aluminium (EGA) has announced that the single biggest piece of equipment for its Boké bauxite project has arrived in the Republic of Guinea, in West Africa. Boké is being developed by EGA subsidiary Guinea Alumina Corporation (GAC). The... 

Alcoa jumps on profit surprise, first share buyback since split

By: Bloomberg     18th October 2018 Alcoa reported third-quarter earnings that were double estimates and announced its first share buyback in more than a decade in a sign that the top US aluminum producer is weathering the trade war. Shares jumped 4.8% at 5:05 p.m. in New York as the company said it would buy $200-million of its... 

Alcoa to close two Spanish aluminium plants with job losses

By: Reuters     17th October 2018 Alcoa said on Wednesday it would close two of its three aluminium plants in Spain with a combined annual production of 180 000 metric tonnes, resulting in the lay off of almost 700 workers. The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such... 

Rio Tinto to take hit on legacy alumina contracts

By: Esmarie Iannucci     12th October 2018 Diversified miner Rio Tinto has warned of a $178-million impact on its financials during the first half of 2018, due to its legacy alumina contracts. The miner supplies some 2.2-million tonnes of alumina under legacy contracts, which are priced at a percentage of the benchmark aluminium price. 

Rio Tinto to take hit on legacy alumina contracts

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

Rio Tinto to restart sale of Icelandic aluminium plant – sources

By: Reuters     10th October 2018 Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland, which have been valued at around $350-million, two sources familiar with the matter said. The assets include a 53% stake in a Dutch anode facility and 50% of the shares in a Swedish... 

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

China aluminium exports to surge on trade war - CRU

By: Reuters     9th October 2018 Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States, according to industry consultancy CRU. High Chinese exports of metals such as aluminium and steel in... 

Is the reign of Glencore’s billionaire copper king near its end?

By: Bloomberg     9th October 2018 Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as “Telis” has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the US twice over.... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Hydro restarts Brazil alumina refinery at half capacity

By: Mariaan Webb     8th October 2018 Norwegian aluminium company Norsk Hydro will restart its Alunorte alumina refinery, in Brazil, at 50% capacity, following approval by federal environmental agency IBAMA to use its press filter technology for processing bauxite residues. The “exceptional” authorisation, which was granted on... 

Trump sanction hammer tested as US retreats from Rusal penalty

By: Bloomberg     8th October 2018 President Donald Trump’s attempt to wield US economic strength as a weapon against foreign adversaries is being tested as the Treasury Department struggles to contain the fallout from its sanctions against the world’s second-largest aluminum producer. The financial penalties imposed on Russia’s... 

Trump sanction hammer tested as US retreats from Rusal penalty
Oleg Deripaska
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