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Mining companies suffer $70bn in impairment losses – report

A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle. The ‘Mining Financial Reporting Survey 2014’, compiled by financial services firm KPMG, further revealed that... 

Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

In light of these developments, Creamer Media’s Base Metals 2014 Report examines the global base metals market, with a particular focus on supply and demand, and on the production of copper, zinc, nickel and lead, as well as selected base metals operations and projects in Africa. 

Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

Goldman Sachs slashes base metal price forecasts, ups gold

By: Reuters Goldman Sachs Group on Friday slashed its 2015 price forecasts for several base metals including copper and aluminium while raising its estimate for gold by $62/oz. "The primary reason for the changes to our forecasts is cost deflation - driven by a combination of actual and anticipated US... 

Goldman Sachs slashes base metal price forecasts, ups gold

Global base metals outlook turns negative – Moody’s

By: Henry Lazenby Global credit ratings advisory firm Moody’s Investors Service has changed its outlook on the global base metals industry to negative, citing weakening macroeconomic growth indicators and investor sentiment. In its report ‘Global Base Metals Industry: Economic Weakness and Copper Price Plunge Turn... 

Global base metals outlook turns negative – Moody’s

Lundin Mining expects 2015 to be another ‘strong execution’ year

By: Tracy Hancock Diversified base metals mining company Lundin Mining expects another year of strong execution in 2015, following favourable 2014 production results, as the company focuses on cash generation and profit optimisation at each of its operations. President and CEO Paul Conibear said the company was... 

Lundin Mining expects 2015 to be another ‘strong execution’ year

Back to basics key message in Deloitte trend forecast

By: Megan van Wyngaardt While the outlook of the global mining sector for the year ahead looks bleak, with mining companies having to contend with price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of access to financing, advisory firm Deloitte believes all is not lost. In its... 

Back to basics key message in Deloitte trend forecast

Investors to blame for supporting dithering juniors

By: Henry Lazenby In the aftermath of several key mining-related indexes having dropped significantly since 2011, the mining industry as a whole, and particularly the junior explorers and project generators, have had to “reset” and undergo a paradigm shift from being project promoters to true value creators. This... 

Bank flags metal price weakness as key risk to Africa’s 2015 outlook

By: Terence Creamer A further decline in the already depressed price of metals – particularly iron-ore, gold and copper – would severely affect a large number of countries in sub-Saharan Africa, the World Bank’s latest Global Economic Prospects (GEP) report warns. The authors still expect the global economy to grow... 

Bank flags metal price weakness as key risk to Africa’s 2015 outlook

Alcoa swings to Q4 profit as strategy step-change pays off

By: Henry Lazenby US aluminium and lightweight alloys specialist Alcoa on Monday beat Wall Street analyst expectations when it reported a higher-than-expected adjusted profit for the December-quarter, following its strategic transition over the past year to forego primary aluminium production in favour of the more... 

Alcoa swings to Q4 profit as strategy step-change pays off

Orbite Aluminae receives notice of Canadian patent to treat red mud

By: Henry Lazenby Canadian clean-technology firm Orbite Aluminae has received a ‘notice of allowance’ indicating that it would be granted a Canadian patent for its process for treating red mud. The TSX-listed company, which is currently converting its high-purity alumina (HPA) production plant, at Cap-Chat, in... 

LME warehouse owners raise rents for aluminium as queues fall

By: Reuters Warehouses registered by the LME will raise average rental rates for aluminium by 3.6% in 2015, more than double the increase for the previous year, partly offsetting the impact of falling load-out queues. Owners of London Metal Exchange warehouses had managed to hugely inflate rental revenues... 

Waning investor confidence, weak commodity prices among factors limiting growth of African mining sector 

By: Jade Davenport Along with the Arctic, sub-Saharan Africa remains the most underexplored and highly prospective mineralised region on earth. However, despite its ‘open for business’ approach and myriad investment opportunities – in terms of greenfield and brownfield projects across the commodity spectrum –... 

Waning investor confidence, weak commodity prices  among factors limiting growth of African mining sector

Capital misallocation lowering commodity prices – Glencore

By: Martin Creamer Capital misallocation, not a lack of demand, remained the key factor in the current low level of several commodity prices, Glencore CEO Ivan Glasenberg said on Wednesday. Highlighting the need to differentiate by commodity in allocating capital, Glasenberg said at the company’s investor day in... 

Capital misallocation lowering commodity prices – Glencore
Photo by Duane Daws
Ivan Glasenberg

Alcoa reveals next-generation aluminium materials

By: Henry Lazenby Lightweight metals manufacturer Alcoa on Thursday unveiled its breakthrough-manufacturing technology, the Alcoa Micromill, that would manufacture the most advanced aluminium sheet on the market, enabling the company to capture growing demand for next generation automotive aluminium products. The... 

Orbite to use brick and mortar to complete HPA plant construction

By: Henry Lazenby Canadian technology development firm Orbite Aluminae will use a brick-and-mortar approach to complete construction of the decomposer and calcinator at its high-purity alumina (HPA) production plant, at Cap-Chat, in Quebec. The TSX-listed company is currently converting its HPA pilot plant into a... 

Rio Tinto on path to sustainable increased shareholder returns

By: Natasha Odendaal Diversified mining giant Rio Tinto on Thursday vowed to “sustainably” increase cash returns to shareholders from next year, and for decades to come. Despite a challenging near-term outlook, the company’s Tier 1 assets, a relentless focus on financial discipline, improved earnings before interest,... 

Rio Tinto on path to sustainable increased shareholder returns

Alcoa completes two primary products divestments

By: Henry Lazenby US aluminium and light-weight alloys producer Alcoa on Monday reported that it had completed two previously announced sales within its Global Primary Products portfolio. The divestitures, one in the US and the second in Jamaica, were aligned with Alcoa’s strategy to lower its cost base and create... 

Sedgman wins Alcoa contract

By: Esmarie Swanepoel ASX-listed project house Sedgman has been awarded a A$59.8-million engineering, procurement and construction (EPC) contract from aluminium major Alcoa at its Kwinana refinery, in Western Australia. Sedgman’s scope of work would include the design, procurement, delivery, construction, integration... 

R10bn aluminium supply deal signed with black consortium

By: Creamer Media Reporter Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about BHP Billiton's R10-billion, five-year liquid metal supply contract with Isizinda Alumnium. 

R10bn aluminium supply deal signed with black consortium

BHP Billiton signs R10bn aluminium supply deal with black consortium 

By: Martin Creamer The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its... 

BHP Billiton signs R10bn aluminium supply deal with black consortium
Photo by Duane Daws
Graham Kerr with Lucas Msimanga, Sizwe Khumalo, Zodwa Manase and David Austin

BHP Billiton’s demerging Newco heading for May vote

By: Martin Creamer The demerging of a selection of BHP Billiton assets into a separate new company (Newco) was going according to plan and heading for a May vote, Newco CEO-elect Graham Kerr said on Monday. Responding to Mining Weekly Online during question time at a media conference on BHP Billiton selling its... 

BHP Billiton’s demerging Newco heading for May vote
Photo by Duane Daws
Graham Kerr with Lucas Msimanga and Sizwe Khumalo

Glencore's Q3 ferrochrome, coal, oil, copper production up

By: Martin Creamer The South Africa-centred ferrochrome production of diversified miner Glencore lifted in the third quarter, as did its global coal, oil and copper production. The London-, Hong Kong- and now also Johannesburg-listed global mining and marketing company, headed by CEO Ivan Glasenberg, said that its... 

Glencore's Q3 ferrochrome, coal, oil, copper production up
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Alcoa invests $190m to improve aerospace capabilities

By: Henry Lazenby Lightweight metals manufacturer Alcoa intends to expand its product offering in the aerospace and industrial markets through a $190-million investment at its Davenport, Iowa, aluminium facility. Alcoa said on Monday that it would install manufacturing technology to boost the performance of thick... 

Alcoa agrees to sell majority interest in S Carolina aluminium smelter

By: Henry Lazenby Alcoa has agreed to sell its 50.3% stake in the Mt Holly aluminium smelter, in Goose Creek, South Carolina, to  its 49.7%-partner Century Aluminium, further trimming its primary aluminium production capacity as part of efforts to establish a low-cost portfolio of smelters. The US-based integrated... 

SA’s mineral resources are auto industry’s only true advantage – Van Zyl

By: Irma Venter The only real competitive advantage the local automotive industry has over international competitors is the availability of natural resources in the country, says National Association of Automobile Manufacturers of South Africa president and Toyota South Africa Motors CEO Dr Johan van Zyl. “We... 

Alcoa to sell stake in bauxite mining and aluminium refining JV to Noble

By: Henry Lazenby NYSE-listed aluminium and specialty alloys manufacturer Alcoa on Wednesday announced that it would sell its stake in a bauxite mining and aluminium refining joint venture (JV) to raw materials trader Noble Group. Alcoa said it had inked a definitive agreement that would result in Alcoa World... 

Alcoa to sell stake in bauxite mining and aluminium refining JV to Noble

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

This month’s roundup includes details of ASX- and TSX-listed coal developer Coalspur’s three approvals and licences for the Phase 1 development of its Vista project, in British Columbia; midtier gold miner Iamgold’s has declared commercial production at its Westwood mine, in the Abitibi region of... 

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

Alcoa stocks rise on ‘hitting stride’ and beating Q3 Wall Street expectations

By: Henry Lazenby The NYSE-listed stock of US upstream and downstream aluminium products manufacturer Alcoa on Wednesday rose by more than 2% after market close, spurred by the company’s third-quarter earnings beating Wall Street analyst expectations. The light-weight metals company unofficially kicked off the... 

Alcoa stocks rise on ‘hitting stride’ and beating Q3 Wall Street expectations

Alcoa strengthens downstream capacity as it cuts ribbon to Indiana plant

By: Henry Lazenby Primary aluminium and downstream products manufacturer Alcoa on Thursday further solidified its downstream capacity to serve the aerospace industry when it cut the ribbon to the world's largest aluminium-lithium plant in Lafayette, Indiana. The NYSE-listed company noted that the $90-million... 

Alcoa strengthens downstream capacity as it cuts ribbon to Indiana plant

Creamer Media publishes African Mining Roundup for September 2014 research report

This month’s report includes details of project developer Ivanhoe Mines’ appointment of financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals project, in the Democratic Republic of Congo; the granting a mining licence to a joint venture between Zanaga Iron Ore... 

Creamer Media publishes African Mining Roundup for September 2014 research report
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