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Aluminium News

Glencore sees nickel shortage as electric vehicle demand burgeons

By: Martin Creamer     2nd December 2016 Diversified mining and marketing company Glencore sees a shortage in nickel arising as a result of burgeoning demand from electric vehicle (EV) production. Batteries used in EVs are consuming about 100 000 t of nickel demand and if 10% of the world’s vehicle fleet transitions to electric power,... 

Power outage shuts potline at Alcoa’s Portland smelter

By: Esmarie Swanepoel     2nd December 2016 A power outage at the Portland aluminum smelter, in Victoria, has forced aluminium major Alcoa to halt production at one of two potlines. While the other potline is operating, Alcoa warned on Friday it could experience a significant instability in the short term. 

Power outage shuts potline at Alcoa’s Portland smelter

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

Orbite makes headway towards final calcination stage of high purity alumina production

By: Henry Lazenby     25th November 2016 Quebec clean-technology firm Orbite Technologies continues to make progress towards achieving the calcination stage of its high-purity alumina (HPA) plant, through which it will "soon" be producing ultra-pure alumina, the company said Thursday. The TSX-listed innovator said feedstock digestion... 

DMR appointment causes concern

By: Martin Creamer     23rd November 2016 Mineral Resources Minister Mosebenzi Zwane has controversially made a key appointment within the Department of Mineral Resources (DMR) on the grounds that it is only temporary.   Earlier this month, the Democratic Alliance (DA) Shadow Minister of Mineral Resources, James Lorimer MP, requested... 

DMR appointment causes concern
DA Shadow Minister of Mineral Resources James Lorimer MP

Saudi Arabia aims to triple mining revenue by 2030 – minister

By: Reuters     23rd November 2016 Saudi Arabia plans to more than triple the contribution of its mining industry to national wealth as measured by gross domestic product by 2030, the energy minister said on Tuesday. The kingdom is finalising a mining strategy aimed at raising annual mining revenues from 64-billion riyals... 

Base metals rise as Chinese investors hedge against weakening renminbi

By: Henry Lazenby     22nd November 2016 Most base metals traded in positive territory Monday, buoyed by accelerated buying as Chinese investors use commodities as a hedge against the depreciating Chinese  

Business, labour need to combine as errant DMR turns dictator

By: Martin Creamer     17th November 2016 The point has been made that mining business and labour have never been closer than now and that they need to make use of the current window of opportunity to establish a better foundation between themselves so that they can collectively shame the government into moving mining forward for the... 

Business, labour need to combine as errant DMR turns dictator
Chamber of Mines CEO Roger Baxter

Zijin Mining exec sees M&A opportunities in Australian copper, gold sector

By: Reuters     16th November 2016 China's Zijin Mining sees more acquisition opportunities in gold and copper in Australia as the country's mining sector restructures after years in the doldrums, director Qixue George Fang said on Wednesday. "M&A is still going on, but how much...depends on the opportunity, it depends on the... 

Miners set to cash in on Trump's White House

By: Reuters     10th November 2016 Mining companies led gains on London's FTSE bluechip index on Wednesday as Republican Donald Trump's victory in the US presidential election spurred hopes for higher metal demand and drove investors to buy gold as a shelter against economic uncertainty. The FTSE mining index rose around 5% to... 

Moly says new Metro offer superior to Gulf Alumina’s

By: Esmarie Swanepoel     9th November 2016 ASX-listed Moly Mines has increased its offer for takeover target Gulf Alumina, to rival a bid from fellow-listed Metro Mines. Moly Mines in September launched a combination of A$0.46 in cash and 1.4 options for each Gulf share held, with the company revealing plans to progress Gulf’s Skardon... 

Moly says new Metro offer superior to Gulf Alumina’s

South32 opens desalination plant

By: Martin Creamer     8th November 2016 Diversified mining company South32 has opened a seawater desalination plant at its Hillside aluminium smelter in Richards Bay to mitigate against the drought experienced in KwaZulu-Natal in the last few years. The R74-million desalination plant will allow South32 to maintain operations during a... 

DMR must be challenged, good governance must be assured

By: Martin Creamer     7th November 2016 Mining has the wealth-generating potential to boost economies, but countries blessed with a mineral endowment must at least do their bit by assuring good governance. Regrettably, against the background of the recently released 'State of Capture' report of former Public Protector Thuli Madonsela,... 

DMR must be challenged, good governance must be assured
Photo by Duane Daws
Former Public Protector Thuli Madonsela

Chinese demand breaks five-year commodities downward spiral

By: David Oliveira     4th November 2016 Chinese commodity demand being higher than expected helped breaking a downward trend in global demand starting in 2011, however, global financial services provider Macquarie advised that the mining industry was still in negative growth territory. During a teleconference last month Macquarie... 

Mining decline will continue unless new minerals Bill changed – Lorimer 

By: Martin Creamer     2nd November 2016 The decline of South Africa’s mining sector will continue unless the new Mineral and Petroleum Resources Development Act Amendment Bill – passed by the National Assembly on Tuesday – is radically changed, says Democratic Alliance Shadow Mineral Resources Minister James Lorimer MP. The Bill, sent... 

Mining decline will continue unless new minerals Bill changed – Lorimer
The Democratic Alliance’s Shadow Mineral Resources Minister James Lorimer MP

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader

By: Henry Lazenby     2nd November 2016 The Ontario government on Tuesday announced that it would invest C$2.5-million in the Centre for Excellence in Mining Innovation's (CEMI's) ongoing work with the Ultra Deep Mining Network (UDMN), which is helping the mining sector develop and adopt commercially viable innovations. Part of a... 

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader
Photo by Ontario Ministry of Northern Development and Mines
Minister of Northern Development and Mines Michael Gravelle addresses the Mining Innovation Summit 2016, held in Sudbury

Arconic slips, Alcoa gains in market debut; Moody’s downgrade for both

By: Henry Lazenby     2nd November 2016 The equities of spun-out companies Alcoa Corp and Arconic Inc officially started trading on the NYSE on Tuesday, charting divergent trajectories and compounded by ratings agency Moody’s Investors Service downgrading the companies' ‘corporate family’ and ‘probability of default’ ratings by one... 

Arconic slips, Alcoa gains in market debut; Moody’s downgrade for both
Photo by Arconic Inc
Arconic 3D printed polymer prototype patterns: aero engine components

Moly unperturbed by Metro's bid for Gulf

By: Esmarie Swanepoel     27th October 2016 ASX-listed Moly Mines will continue to progress its takeover of Gulf Alumina, despite the possibility of a competing bid from shareholder Metro Mining. Metro Mining earlier this week announced its intention to launch a takeover for Gulf Alumina, under which it will offer Gulf shareholders a... 

Moly unperturbed by Metro's bid for Gulf

Caterpillar’s Q3 profit sags, casts dim outlook with lowered 2016 guidance 

By: Henry Lazenby     26th October 2016 The world’s largest earthmoving and mining equipment manufacturer Caterpillar has booked a sharply lower third-quarter profit, citing global economic weakness and an abundance of used equipment available, which is slowing sales. The NYSE-listed company expressed concern that the tough market... 

Caterpillar’s Q3 profit sags, casts dim outlook with lowered 2016 guidance

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told 

By: Martin Creamer     19th October 2016 Water-constrained Gauteng may see an acid mine drainage (AMD) quick-fix in order to save the fresh water from the Lesotho Highlands Water Project from being wasted on AMD dilution instead of being available to the economy, environmental adviser Dr Anthony Turton said on Wednesday. Delivering the... 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told
Photo by Duane Daws
Environmental adviser Dr Anthony Turton

Possible Tesla flop could hit global EV adoption rate 

By: Henry Lazenby     14th October 2016 Tesla Motors will probably not be able to meet its aggressive production targets and will perhaps experience ramp-up delays in manufacturing the Model 3 electric vehicle (EV), auto analyst Edward Niedermeyer argues, questioning whether the company will still be around in two years. “I’m very... 

Mining juniors poised for recovery – PwC

By: Henry Lazenby     13th October 2016 Junior mining companies make up more than 50% of the total market capitalisation on the TSX Venture Exchange, up from 36% on June 30, 2015, a new report by professional services firm PwC has found. As evidenced in PwC Canada's 2016 Junior Mine report, titled ‘Signs of Life’, cash flows from... 

Four key themes to dominate mining in the Americas – report

By: Henry Lazenby     13th October 2016 Miners in both North and South America will remain focused on improving operational performance over the coming years, while divergent regulatory policies will either improve or worsen the industry’s welfare, recent analysis by market intelligence firm BMI Research shows. According to the think... 

Four key themes to dominate mining in the Americas – report

Alcoa stocks close down sharply on missed Q3 profit, lower prices

By: Henry Lazenby     12th October 2016 The NYSE-listed stock of US lightweight alloys specialist Alcoa on Tuesday closed down 11.42% at $27.91 apiece after the company reported third-quarter results falling short of analyst expectations. Despite reporting higher a net profit of $166-million, or $0.33 a share, which was a marked... 

In divergent strategy step-change, Denham targets later-stage projects

By: Henry Lazenby     11th October 2016 As the global mining markets turn a corner from what can be termed the biggest commodity downturn in living memory, private equity firm Denham Capital has changed tack, opting to invest in later-stage projects rather than driving exploration. Speaking to Mining Weekly Online from Houston, Texas,... 

In divergent strategy step-change, Denham targets later-stage projects

Alcoa’s last earnings call before split to tout parts prospects

By: Bloomberg     10th October 2016 Alcoa's chief has one more chance to show investors why he’s unchaining the company’s parts businesses from its legacy metal-making operations, even as a slowdown in the aerospace industry threatens to undercut the move. On Tuesday, Chief Executive Officer Klaus Kleinfeld delivers the last... 

Mining hall of fame launched as Froneman proposes new roadmap

By: Martin Creamer     4th October 2016 Nine inductees to South Africa’s new Mining Hall of Fame were announced on the eve of the October 5 opening of the Joburg Indaba 2016, where guest speaker Neal Froneman, the CEO of Sibanye Gold, proposed a new roadmap for mining to ensure equitable benefits for all stakeholders. Ahead of Bobby... 

Mining hall of fame launched as Froneman proposes new roadmap
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

Orbite starts HPA production sequence

By: Henry Lazenby     1st October 2016 Quebec-based clean-tech firm Orbite Technologies has started the production sequence at its high-purity alumina (HPA) plant. The TSX-listed firm reported on Friday that it had completed commissioning and start-up activities of the digestion circuit, with the first batch of feedstock digestion... 

Orbite starts HPA production sequence
Photo by Orbite Technologies
Orbite Technologies' Cap-Chat-based HPA plant has started the production sequence

Cash optimisation, capital access and productivity top EY’s 2016/17 business risks

By: Creamer Media Reporter      30th September 2016 Capital considerations dominate the top three business risks in the mining and metals sector, according to professional services firm EY’s latest ‘Top 10 business risks facing mining and metals 2016-2017’ report. “Much like our global counterparts, Canadian mining and metals companies are facing... 

Cash optimisation, capital access and productivity top EY’s 2016/17 business risks

Alcoa board OKs split, sets Nov 1 effective date

By: Henry Lazenby     30th September 2016 The board of US-based aluminium and lightweight alloys producer Alcoa has given the green light for its demerger into two publicly traded companies, setting November 1 as the effective date. Spearheaded by CEO Klaus Kleinfeld, the separation will see the company's upstream aviation and specialist... 

Alcoa board OKs split, sets Nov 1 effective date

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’ 

By: Martin Creamer     26th September 2016 Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’
Randgold CEO Dr Mark Bristow (centre) with host country management at the Loulo gold mine

Five Rio Tinto workers arrested for fraud at Canadian smelter

By: Bloomberg     22nd September 2016 Five former workers at a Rio Tinto Group aluminum smelter in Quebec were arrested following a fraud investigation initiated by the company almost two years ago. The alleged fraud involved fake invoices from a former subcontractor of the company, according to a statement Wednesday from Surete du... 

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

South African gold and diamond miners shine, base metals face slow recovery

By: African News Agency      20th September 2016 Moody’s Investors Service on Tuesday said South African gold and diamond miners’ credit quality had good prospects to continue strengthening. Moody’s assistant VP Douglas Rowlings said the gold and diamond miners that the agency rated in South Africa had already re-set their operations to... 

First global rankings of renewables use by mining companies to be released

By: Creamer Media Reporter      14th September 2016 Renewable energy information provider to the mining industry Energy and Mines has released the initial results of the first global rankings of renewables used by mining companies, identifying that the top 21 mining companies use wind and solar energy to power their operations. The ‘Energy and... 

Alcoa to delist from ASX in October

By: Esmarie Swanepoel     13th September 2016 Aluminium major Alcoa has applied to have its listing on the ASX removed. Alcoa, which has been trading on the ASX since 2000, said on Tuesday that the number of the company’s chess depository interests quoted on the ASX now represented less than 1% of the group’s total issued share capital. 

Alcoa to delist from ASX in October

Mining needs disruptive digital change, Electra Mining conference hears

By: Martin Creamer     12th September 2016 The mining industry, which has a past of intervening with key technologies at critical times, is currently at an important leverage point that requires disruptive change. Envisaged is that disruptive change will be supported by the interaction of people, process and technology and definitely not... 

Mining needs disruptive digital change, Electra Mining conference hears
Photo by Duane Daws
Telstra Mining Services head Jeanette McGill
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