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Aluminium News

Arconic shareholders elect three Elliott nominees to board

By: Reuters     26th May 2017 Specialty metals producer Arconic Inc said its shareholders had elected three of Elliott Management Corp's nominees to its board of directors, based on a preliminary vote count following the company's annual meeting on Thursday. Elliott, a New York hedge fund run by billionaire Paul Singer,... 

New company aims to be ‘unrivalled’ service provider

     26th May 2017 With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... 

New company aims to be ‘unrivalled’ service provider
RETAINING FOCUS Newly renamed Komatsu Mining will continue to promote and invest in the Joy Global P&H, Joy and Montabert brands

Vedanta hits production high spot at Black Mountain

By: Martin Creamer     24th May 2017 Diversified mining company Vedanta has achieved its highest quarterly production in four years at Black Mountain in South Africa, where the Gamsberg zinc project is on track to begin production towards the middle of next year. In addition, mobilisation on the Skorpion pit layback, in neighbouring... 

Vedanta hits production high spot at Black Mountain
Photo by Bloomberg
Vedanta chairperson Anil Agarwal

Arconic, Elliott settle proxy contest

By: Henry Lazenby     24th May 2017 Specialty alloys manufacturer Arconic has reached agreement with activist shareholder Elliott Management and its affiliates, who together hold about 13.2% of the company, to resolve the pending proxy contest regarding the company’s May 25 annual general meeting (AGM). NYSE-listed Arconic has... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra 

By: Martin Creamer     23rd May 2017 The same-site working relationship that Thos Begbie has established with global quality inspectorate Dekra Industrial RSA is giving the prolific exporter of copper castings a commercial edge in its global dealings with mining and smelter-related customers worldwide. Thos Begbie now hosts the... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra
Engineering News Online’s Martin Creamer talks to Thos Begbie’s Edwin Dreyer and Dekra’s Johan Gerber. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Inflated base case prices could dent confidence in mine development

Alcohol, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

Fibre-optic pyrometer offers South Africa greater accuracy

By: Nadine James     19th May 2017 The South African minerals and metals processing industry has yet to take advantage of the fibre-optic Calex Fibre-Mini pyrometer, compared with the response from international markets, which has been favourable. The pyrometer, used to measure temperatures of reflective metals, was developed by... 

Fibre-optic pyrometer offers  South Africa greater accuracy
FIBRE-MINI PYROMETER The fibre-optic sensing head withstands up to 200 °C ambient temperature

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Time to get PDS-ready is now

By: Simone Liedtke     19th May 2017 As of June, all new original-equipment manufacturer (OEM) trackless mobile machines (TMMs) bought by mining houses need to be proximity detection system- (PDS-) ready. 

Time to get PDS-ready is now
PROXIMITY DETECTION SYSTEMS The Booyco PDS warns when pedestrians enter the area around a machine

Shadow Minerals Minister warns of ‘disastrous’ mining outlook 

By: Martin Creamer     18th May 2017 Shadow Mineral Resources Minister James Lorimer forecasts that South Africa’s new minerals legislation and new charter will be “disastrous” for an industry already crippled by hugely diminished capital injection and massive year-on-year job loss. The Opposition Democratic Alliance (DA) MP, who... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook
Shadow Mineral Resources Minister James Lorimer

ISS recommends Arconic shareholders back two Elliott board nominees

By: Reuters     15th May 2017 Proxy advisory firm Institutional Shareholder Services recommended on Monday that shareholders of specialty metals company Arconic Inc vote for two of activist investor Elliott's four board director nominees. The recommendation is a blow to Arconic, the $10-billion company that separated from... 

Down 2.1% last week, IHS Materials Price Index tracks lower for third week

By: Henry Lazenby     12th May 2017 Lacklustre Chinese manufacturing data, coupled with moves by regulators to crack down on risky investments, is fuelling concern that Chinese demand growth is set to decelerate and that it had pushed down commodity prices over the last three weeks, market intelligence firm IHS Markit said in a... 

Africa demanding more mining tech, new solutions offered

By: Robyn Wilkinson     12th May 2017 The demand for mine planning solutions is on the rise in Africa, with mining solutions developer Maptek Africa GM Nick Venter noting that there is particular interest in new technology that can be integrated with current systems. 

Africa demanding more mining tech, new solutions offered
NEW FRONTIERS The I-Site XR3 laser scanner allows for greater coverage with fewer scans, allowing for the surveying of otherwise out-of-range areas on mine sites

Dust regulations hinder productivity

By: Simone Liedtke     12th May 2017 Regulations implemented by governmental authorities, including municipalities, and environmental bodies, are impacting significantly on productivity in the global mining industry at a time when opencast operations are running tight margins, says Johannesburg-based mining equipment manufacturer... 

Dust regulations  hinder productivity
IDEAL SOLUTION The T1255III Terrain Leveler surface excavation machine is ideal for use in surface mine applications with drill-and-blast restrictions

Improved geology function advances mine planning

By: Robyn Wilkinson     12th May 2017 Adding the GeoLogic software solution to the MineSight mine planning suite provides geologists with smart, time-saving modelling and allows for a reproducible, auditable geological model that can be quickly updated with new information, says mining technology developer Hexagon Mining. 

Improved geology function advances mine planning
BETTER VISUALISATION GeoLogic helps geologists build complex shapes, using mathematical algorithms to create a surface or a solid from drillhole data

Mine planning software a must for modern miners

By: Robyn Wilkinson     12th May 2017 In the face of numerous technical challenges, as well as the overall drive to reduce mining costs and improve efficiency amid commodity price volatility, miners globally can no longer afford to operate without using modern analytical, modelling, simulation and optimisation software, says mining... 

Mine planning software a must for modern miners
BOOSTING DEVELOPMENT MICROMINE’s fleet management and mine control solution, Pitram, is assisting Mongolian copper and gold mine Oyu Tolgoi to restart its underground development

More technical skills needed

By: Robyn Wilkinson     12th May 2017 Without more technical skills, the future of the Southern African mining industry cannot be secured, says Southern African Institute of Mining and Metallurgy (SAIMM) president Cuthbert Musingwini. Skills development will, therefore, be included on the agenda at this year’s SAIMM Mine Planning... 

More technical skills needed
CUTHBERT MUSINGWINI Mines are required to continuously innovate how they plan and operate their production systems

Opencast mine equipment relocation method saves costs, time

By: Simone Liedtke     12th May 2017 By loading, transporting and offloading draglines for opencast mining clients in one piece, global engineered heavy lifting and transportation specialist Mammoet is driving project feasibility by saving its clients time and money. 

Opencast mine equipment relocation method saves costs, time
ADDITIONAL SERVICES Mammoet is also capable of moving rock trucks and hydraulic shovels

Arconic taps two directors ahead of shareholder vote

By: Reuters     5th May 2017 Arconic Inc on Thursday nominated two directors for its board, as it gears up for a shareholder vote later this month that pits the specialty metals maker against activist investor Elliott Management in a fight for direction of the company and control over the board. The $10-billion specialty... 

Gold falls as dollar, equities edge higher

By: Reuters     1st May 2017 Gold prices fell on Monday amid thin trading as the dollar firmed as the chance of a US government shutdown receded and as stronger equities dampened demand for non-interest paying bullion. Spot gold dropped 0.4% to $1 262.51/oz, as of 09:00 GMT. 

Gold falls as dollar, equities edge higher

Russian mining tycoons eyeing return to London's stock market

By: Bloomberg     26th April 2017 For three years, Russian companies retreated from the London stock market. Now, a pair of oil and mining-billionaires is hoping to break the drought. En+ Group, owned by aluminium magnate Oleg Deripaska, and Polyus PJSC, a gold producer controlled by the family of Suleiman Kerimov, are planning... 

Alcoa off to a strong start as independent firm

By: Mariaan Webb     25th April 2017 US aluminium producer Alcoa is off to a strong start as an independent company, with the firm on Monday reporting first-quarter revenue and profit growth on stronger alumina and aluminium prices. Alcoa posted net income of $225-million, or $1.21 a share, in the first quarter of 2017, compared... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Despite slower growth, China still key market for miners and Africa

Supply disruption hits Vedanta's aluminium plant in eastern India

By: Reuters     20th April 2017 Diversified miner Vedanta said on Thursday its 500 000 t aluminium smelter in the eastern state of Odisha was hit by a power outage this week that damaged over one-third of its processing capacity. The company said 228 out of a total of 608 pots that process molten aluminium were damaged by the... 

Alcoa swaps New York for the city of steel as Harvey simplifies

By: Bloomberg     20th April 2017 Alcoa is giving up the glamour of New York City and going back to Pittsburgh, as new CEO Roy Harvey steps up efforts to streamline the aluminium maker. Changing headquarters and closing seven locations across the US, Europe and Asia is part of a push to lower costs after the producer of the... 

Early milestone reached at Guinean bauxite project

     14th April 2017 Aluminium producer Emirates Global Aluminium (EGA) has achieved an early milestone in the development of its bauxite mining and export project in Guinea, following the completion of land-raising work in Kamsar. The work is the first contract to be completed on its $1-billion investment in a mine,... 

Early milestone reached at Guinean bauxite project
YOUSUF BASTAKI This early milestone shows good progress in the project, which will boost Guinea’s economy

Guinea stable, predictable investment destination – Ministry

By: Johane Turkstra     14th April 2017 Guinea is suitable for mining investment, says the Guinea Ministry of Mines and Geology, which will host Symposium Mines Guinea 2017 in Conakry, the country's capital, next month, in partnership with emerging markets-focused business-to-business event organiser AME Trade. The Ministry says the... 

Guinea stable,  predictable investment destination – Ministry
SHARING VISION The yearly Sumposium Mines Guinea conference reflects government of Guinea’s vision of transformational investment

Law firm aides two major Guinea projects

     14th April 2017 Global law firm Norton Rose Fulbright’s teams in London, New York, Paris, Singapore and Washington have successfully advised on two mining projects in Guinea. The team assisted bauxite producer Compagnie des Bauxites de Guinée (CBG) in reaching financial close for the financing of its Sangaredi... 

Law firm aides two  major Guinea projects
Photo by Bloomberg
CASHED UP Compagnie des Bauxites de Guinée reached financial close for the financing of its Sangaredi bauxite mine’s expansion

Major contract secured for Guinea bauxite plant

     14th April 2017 A major contract, valued at about €100-million, has been secured by German integrated solutions provider to the global mining, bulk materials handling and minerals industries Tenova Takraf for the turnkey supply and installation of a bauxite handling plant in Guinea, West Africa. The plant, for... 

Major contract secured for Guinea bauxite plant
BAUXITE PLANT IN GUINEA The Compagnie des Bauxites de Guinée plant is scheduled for commissioning in the second half of 2018

W African countries underperformers in SSA risk/reward rating

     14th April 2017 Mining in sub-Saharan Africa (SSA) is most under strain in West Africa, according to research firm BMI Research, a Fitch Group company. BMI published its ‘Industry Risk/Reward Index (RRI) – sub-Saharan Africa (SSA) Mining: Future Sector Growth to be Hampered by Business Environment’ report on... 

W African countries underperformers in  SSA risk/reward rating
BOTTOM OF THE LOG Sierra Leone, Liberia and Mauritania are the bottom three countries on BMI Research’s sub-Saharan Africa mining Risk/Reward Index

Scotiabank’s commodity price index gains 2.2% in February

By: Creamer Media Reporter      13th April 2017 The Scotiabank Commodity Price Index gained 2.2% month-over-month in February as industrial commodities continue to benefit from healthy demand on the back of a stronger global economic outlook, while supply-side idiosyncrasies continue to provide opportunity for differentiation, the banking... 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

Rio Tinto sees bumpy ride for aluminum as China poses puzzle

By: Bloomberg     5th April 2017 Rio Tinto Group’s aluminum boss sees prices for the lightweight metal heading for an “extremely” volatile period, with uncertainty over when China will curb production helping to keep investors on edge. “That’s really where the uncertainty is at the moment,” Alfredo Barrios said in an interview... 

Orbite Technologies to file for bankruptcy protection

By: Henry Lazenby     4th April 2017 Quebec clean-technology firm Orbite Technologies has filed a notice of intention (NoI) to make a proposal under the Bankruptcy and Insolvency Act, thereby imposing an automatic 30-day stay of proceedings that will protect the company and its assets from the claims of creditors while the company... 

Mining showing tentative improvement off low base – chamber

By: Martin Creamer     30th March 2017 The fourth quarter mining financial statistics data released by Statistics South Africa (Stats SA) confirm the tentative improvement in the sector’s financial conditions during 2016, but off a very low 2015 base and with huge swings in performance. In 2016 rand terms, mining’s profits before... 

Mining showing tentative improvement off low base – chamber
Photo by Duane Daws
Chamber of Mines economist Henk Langenhoven

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

By: Henry Lazenby     23rd March 2017 Canadian gold royalties and streaming firm Franco-Nevada Corp has recorded a 37.6% increase in revenue for 2016, boosted by record ounces delivered and soaring sales. The company, which derives income from 107 producing royalties and streams, achieved a 30.9% increase in gold-equivalent ounces... 

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

EIUG supports Eskom plan for new pricing deals with power-intensive firms 

By: Terence Creamer     22nd March 2017 The Energy Intensive User Group of Southern Africa (EIUG) believes there is policy, legislative and regulatory space to introduce new electricity pricing arrangements to help restart of idle mining and process-industry activities, as well as encourage new investments to absorb Eskom’s surplus,... 

EIUG supports Eskom plan for new pricing deals with power-intensive firms
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