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Aluminium
 
ALUMINA

Alumina reports major losses on Point Henry close

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Aluminium major Alumina has reported a net loss of $47.4-million during the first half of the year, as a result of the closing of its Point Henry smelter, in Victoria, in February this year. This compared with the net loss of $2.4-million...
21st August 2014
 
 
DIVERSIFIED MINERS

Upbeat Glencore’s share buyback kicks off to analyst adulation

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Glencore CEO Ivan Glasenberg Upbeat diversified miner and marketer Glencore, which declared an 11% higher dividend for the six months to June 30 on the back of above-consensus half-year results, has put a $1-billion share buy-back programme under starter’s orders, which has...
20th August 2014
 
 
DIVERSIFIED MINERS

South Africa gets 200-job sweetener as BHP Billiton spins out Newco

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Newco CEO-designate Graham Kerr The world’s largest diversified mining company has created sweeteners for South Africa as it demerges and sets out to create a new global metals company that will have a third of its value made up of Southern African aluminium, manganese and...
19th August 2014
 
 
DIVERSIFIED MINERS

Major South African assets fail to make cut in BHP Billiton portfolio remake

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BHP Billiton CEO Andrew Mackenzie Major South African asset classes have failed to make the cut in BHP Billiton’s latest portfolio remake announcement. Aluminium and manganese have been excluded by implication in BHP Billison's selection of iron-ore, copper, coal – with coking...
15th August 2014
 
 
Aluminium

Base metals to see growth in Africa

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PROSPECTING
Africa promises to yield increased amounts of base metals   
Africa, and Southern Africa is particular, is contributing significantly to the increase in global copper supply, says mining consultancy The MSA Group GM Dr Ian Haddon tells Mining Weekly that, in addition to copper, mining projects in Africa...
15th August 2014
 
 
MINING EQUITIES

Despite gaining less in 2013, EY's Canadian Mining Eye outpaces global indices

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Despite professional services firm EY’s quarterly ‘Canadian Mining Eye’ index having gained only 9% in the three months ended June 30, the index outperformed the S&P/TSX composite index, which gained only 6% during the second quarter, and the...
12th August 2014
 
 
ALUMINIUM

Alcoa completes closure of Australia aluminuim smelter

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Alcoa Inc closed its unprofitable Point Henry aluminium smelter in Australia on Friday underscoring the dire market conditions facing producers amid a flood of new Chinese capacity. Alcoa announced in February it intended to progressively shut...
1st August 2014
 
 
Aluminium

South American mining to reach 6.2% growth by 2017

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MAJOR CONTRIBUTOR
Brazil's mining industry contributes almost 40% of South America's total region revenue The South American mining industry will reach an estimated compound yearly growth rate of about 6.2% from 2012 to 2017, which will take the industry to a total value of $184.3-billion. Some of the world’s largest copper, bauxite, iron and nickel...
25th July 2014
 
 
 
 
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