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Southwire sees no aluminum supply disruption from Century lockout

By: Reuters Cable and wire manufacturer Southwire has taken steps to ensure supplies to its Kentucky rod plant continue, a spokesman said on Tuesday, as a lockout at supplier Century Aluminum Co's nearby smelter enters its second week. "We have taken steps to ensure that we have an adequate supply of... 

South32 in superb second-day share surge

By: Martin Creamer The share price of the new South32 mining company soared superlatively on day two. The demerged entity shot up 14% on the Australian Stock Exchange (ASX), rose 6.23% on top of Monday’s 3% rise in early morning trade on the Johannesburg Stock Exchange (JSE), and even closed higher at £1.08 a share... 

South32 in superb second-day share surge
Photo by Duane Daws
Mike Fraser at South32 listing in Johannesburg.

South32 shares rise on JSE debut, BHP Billiton shares fall

By: Martin Creamer Value generation from the assets of South32 in the months ahead of its debut on the Johannesburg Stock Exchange (JSE) is indicative the upside potential of the triple-listed BHP Billiton spin-off company, which saw its shares end up well in the money at the JSE's close on Monday and those of BHP... 

South32 shares rise on JSE debut, BHP Billiton shares fall
Photo by Duane Daws
Mike Fraser (left) with Martin Creamer at South32 listing.

Rio Tinto to sell aluminium assets in $1bn deal – paper

By: Reuters Global miner Rio Tinto plans to sell some of its aluminium assets in a potential $1 billion deal, the Financial Times reported, reviving a sale plan for its Pacific Aluminium unit two years after it was cancelled. The Financial Times, citing "people aware of Rio's plans", said on Sunday that Rio... 

Creamer Media publishes African Mining Roundup for May 2015 research report

This month’s report includes details of iron-ore company Tawana’s agreement to formalise the legal and commercial conditions of the Mofe Creek project, in Liberia; Canadian miner Nevsun Resources’ Bisha operation, in Eritrea, which is on track to start commissioning at its new zinc plant by... 

Creamer Media publishes African Mining Roundup for May 2015 research report

Century Aluminum US plant lockout in prospect after union rejects deal

By: Reuters The United Steelworkers union has rejected a pay deal from Century Aluminum for workers at the fourth-largest aluminium smelter in the US, the local branch said on Tuesday, and a lockout is now set to go ahead. Unionised workers at the Century Aluminum smelter in Hawesville, Kentucky, had voted... 

Alcoa pulls the plug at Anglesea

By: Esmarie Swanepoel The Anglesea coal mine and power station is expected to close at the end of August, after owner Alcoa Australia was unable to secure a buyer for the site. The Anglesea power station previously supplied about 40% of the power needs for the Point Henry smelter, in Victoria. The Point Henry... 

South32 set to hit ground running after 98% BHP 'yes' vote 

By: Martin Creamer The demerging South32 mining company, which is set to hit the ground running after receiving an overwhelming 98.05% yes vote from BHP Billiton shareholders on Wednesday, is at an advanced stage of planning a global shared service centre in South Africa, which will create 200 new quality jobs.... 

South32 set to hit ground running after 98% BHP 'yes' vote
Photo by Bloomberg
Andrew Mackenzie

Exploration and mine development up to 2.5 times more costly in Canada’s North

By: Henry Lazenby A new study has found that the cost to explore and build new mines is as much as 2.5 times higher in northern Canada, mainly as a result of a lack of critical infrastructure. The study, titled ‘Levelling the Playing Field’, found that the cost of mineral exploration and building and operating... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

Century Aluminum braces for Kentucky lockout as USW reject deal

By: Reuters Unionised workers at Century Aluminium's Hawesville, Kentucky smelter rejected the company's proposed labour agreement late on Monday, taking one of the biggest US aluminium plants a step closer to industrial action, the first for the sector in years. Some 84% of members voted against the... 

Production up at Glencore’s South African coal mines

By: Martin Creamer Production from Glencore’s South African thermal coal mines was 10% higher in the three months to end March. The London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company, headed by CEO Ivan Glasenberg, said on Tuesday that the ramp up of its newly commissioned... 

Production up at Glencore’s South African coal mines
Photo by Duane Daws
Ivan Glasenberg

Strategic minerals and the aerospace and defence industries

By: Keith Campbell The term “strategic minerals” is one that is much used but one that, in the words of Brazilian minerals lawyer Raquel Quaresma de Lima, “does not have a steady definition”, while the Science and Technology Committee of the UK House of Commons has observed that there is “no single definition of... 

Strategic minerals and the aerospace and defence industries

South32 weakness hidden – Investec

By: Martin Creamer Good overall third-quarter production performance by BHP Billiton hid the weaker performance of most of the assets that make up South32, Investec Securities mining analyst Hunter Hillcoat says. BHP Billiton intends simplifying its portfolio by demerging the South32 metals and mining company,... 

South32 weakness hidden – Investec
Photo by Duane Daws
Graham Kerr

Glencore spends $114m on corporate social initiatives 

By: Martin Creamer Diversified mining and marketing company Glencore spent $114-million on corporate social initiatives last year, representing 2.2% of group profit before tax, the company said on Tuesday. The 181 000-employee, 50-country Glencore, headed by CEO Ivan Glasenberg, said the investment helped to meet... 

Glencore spends $114m on corporate social initiatives
Photo by Duane Daws
Ivan Glasenberg

Rusal to start aluminium output at Russian project by June – CEO

By: Reuters Top aluminium producer United Company Rusal will start producing metal at its Boguchansk project, in Russia, by June and will ramp up output over the following year depending on demand, the company's chief executive said on Monday. Weak aluminium prices are forcing many producers to curtail... 

Rusal to start aluminium output at Russian project by June – CEO

UAE's Dubal Holding looks into buying stakes in energy projects

By: Reuters Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday. The firm was looking for equity interests related to coal, solar, gas, and other alternative... 

UAE's Dubal Holding looks into buying stakes in energy projects

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Miners report first-quarter output ahead of financials

By: Henry Lazenby Several miners reported production results this week ahead of publishing financial results for the three months ended March 31. NYSE- and TSX-listed McEwen Mining reported 23% increased gold output to 24 696 oz and a decline in silver production of 10% to 655 339 oz in the period when compared... 

South32 turns bearish as tax inquiry, iron-ore put ‘sell’ skids under BHP

By: Martin Creamer With the shareholder vote just over three weeks away, the planned spin-off of South32 from BHP Billiton has turned bearish and BHP Billiton has itself fallen victim to an unprecedented number of analyst sell recommendations owing to the plummeting iron-ore price, worsened by the reputational... 

South32 turns bearish as tax inquiry, iron-ore put ‘sell’ skids under BHP
Photo by Duane Daws
The BHP Billiton building in central Johannesburg

Five prospective customers to receive Orbite HPA samples

By: Henry Lazenby High-purity alumina (HPA) producer Orbite Aluminae has shipped samples to five potential customers, thereby entering their supplier qualification programme. The samples were produced by calcining aluminium chloride hexahydrate, the precursor material for HPA, which the firm produced at its pilot... 

Alcoa cuts last smelting capacity at São Luís facility in Brazil

By: Henry Lazenby Aluminium and lightweight metals producer Alcoa will curtail the remaining 74 000 metric tons of smelting capacity at its São Luís facility, in Brazil. NYSE-listed Alcoa on Monday said the curtailment was part of its plans to evaluate upstream capacity for possible curtailment, closure or sale as... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Zinc metal deficit expected to intensify – Glencore

By: Martin Creamer The zinc metal market’s 2014 deficit is expected to intensify this year, Glencore says in its latest annual report. The 200-page document, in which CEO Ivan Glasenberg notes slower than expected post-financial-crisis normalisation, positions the company as one able to react quickly and benefit... 

Zinc metal deficit expected to intensify – Glencore
Photo by Duane Daws
Ivan Glasenberg

Coal-rich South32 keen to help Eskom solve power issues – Kerr

By: Martin Creamer The BHP Billiton spin-off company South32, with large South African energy coal resources, would be keen to help State power utility Eskom solve some of its primary energy issues, South32 CEO-elect Graham Kerr said on Tuesday. Kerr was speaking to the media in a London teleconference call in... 

Coal-rich South32 keen to help Eskom solve power issues – Kerr
Photo by Bloomberg
Graham Kerr

Orbite Aluminae receives notice of US 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 US patent for its red mud treatment process. The Montreal-based firm on Friday reported that the United States Patent and Trademark Office had issued the notice of allowance... 

Aluminium council calls for clarity on renewable-energy target

By: Esmarie Swanepoel The Australian Aluminium Council has called on the federal government to resolve uncertainty around the Renewable Energy Target (RET). The call comes after federal Environment Minister Greg Hunt reportedly said that an agreement was “very close” with the clean energy sector around the RET. 

Gulf secures funding to build Indonesian smelter

By: Esmarie Swanepoel ASX-listed Gulf Minerals has secured a $20-million funding facility for a manganese smelter, in Indonesia. Gulf said on Wednesday it had inked a term sheet with New York-based Sigur Holdings, under which the company would immediately subscribe for A$500 000 of Gulf Minerals redeemable... 

Portland smelter safe from closure – Alumina

By: Esmarie Swanepoel ASX-listed Alumina has moved to assure shareholders that the Portland aluminium smelter, in Victoria, was safe from closure. The company’s announcement comes as Alcoa announced its continued transformation of its upstream portfolio, with the aluminium major reviewing about 500 000 t of smelting... 

Alcoa to buy titanium producer RTI to lift aerospace segment

By: Henry Lazenby Aluminium and specialty alloy products producer Alcoa has signed a definitive agreement to acquire vertically integrated titanium and specialty metal products supplier RTI International Metals in a stock-for-stock transaction with an enterprise value of $1.5-billion. On Monday, Alcoa explained... 

Alcoa to buy titanium producer RTI to lift aerospace segment

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment

By: Henry Lazenby When the Quebec government’s Plan Nord to develop the parts of the province located north of the 49th parallel was launched under Jean Charest’s Quebec Liberal Party in May 2011, it was heralded as a timely and necessary act in the mining industry’s favourable economic context at the time. But a... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment
Photo by Reuters
Former Quebec Premier Jean Charest unveiled the Plan Nord on May 9, 2011.

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