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Aluminium News

R10bn aluminium supply deal signed with black consortium

By: Creamer Media Reporter      Updated 3 hours ago 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. 

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

Goldman and Metro defend aluminum warehousing

By: Reuters In an often-heated hearing before a U.S. Senate investigative subcommittee, Goldman Sachs Group Inc on Thursday rejected allegations that Wall Street banks exploited physical commodity markets to manipulate prices and gain unfair trading advantages. Led by Senator Carl Levin, who chairs the... 

US aluminum premiums soar as fabricators scramble for metal

By: Reuters US aluminium surcharges have jumped to record levels this month as fabricators scramble for metal amid cutbacks at domestic smelters and storage backlogs that traders say have tightened supplies. Premiums that fabricators and merchants pay on top of benchmark London Metal Exchange prices for... 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

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... 

China to face 10mt to 15mt bauxite gap from 2016 - Alumina

By: Reuters China could face a 10-million to 15-million tonne shortfall in bauxite supply as stockpiles run down from the second half of 2015, following an Indonesian ban this year on exports, said Andrew Wood, an executive with Melbourne-based Alumina Inc. The shortfall could curb China's alumina... 

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

Moderate global economic growth outlook forces miners to keep promises

By: Henry Lazenby The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee Hodgkinson said on Thursday. Speaking to Mining... 

Moderate global economic growth outlook forces miners to keep promises

AMMG launches alumina BFS

By: Esmarie Swanepoel ASX-listed Australia Minerals and Mining Group (AMMG) has launched a bankable feasibility study into its South West high-purity alumina project, in Western Australia. The study would be based on the development of a 3 000 t/y high-purity alumina operation, with the targeted production capacity... 

Alcoa clinches $1bn deal with Boeing

By: Henry Lazenby NYSE-listed aluminium and downstream products producer Alcoa on Thursday announced that it had struck a billion-dollar long-term accord with the world’s largest aerospace company Boeing to supply aluminium sheet and plate products. Alcoa, which had supplied Boeing for decades, said that the... 

Alcoa clinches $1bn deal with Boeing

Standard Bank estimates exposure to Chinese aluminium fraud at R854m

By: Chantelle Kotze In its results for the six months ended June 30, banking group Standard Bank reported that the impact of its exposure to fraudulent activities in respect of physical aluminium, held in bonded warehouses at China’s Qingdao port has been estimated at R854-million. 

Standard Bank estimates exposure  to Chinese aluminium fraud at R854m
Photo by Reuters
ALUMINUIM FRAUD Multiple loans have been secured against a single cargo of aluminium metal at China’s Qingdao port

Tech company focuses on waste monetisation

By: Mia Breytenbach Originally positioned to become a smelter-grade and high-purity alumina products producer, Canadian technology development company Orbite Aluminae aims to focus on its waste monetisation initiative in 2015, says company CEO Glen Kelly. “Orbite’s goal for this year is to finalise its $105-million... 

Tech company focuses on waste monetisation
STEP UP Orbite Aluminae will use its $105-million high-purity alumina facility in Cap-Chat, Quebec as the stepping stone for its waste monetisation strategy

Orbite Aluminae completes first phase of HPA construction project

By: Henry Lazenby Canadian technology development company Orbite Aluminae on Wednesday reported that the first phase of building its 3 t/d high-purity alumina (HPA) facility at Cap-Chat, in Quebec, had been completed, placing the $105-million project on schedule to start commercial production in the first quarter... 

Orbite Aluminae completes first phase of HPA construction project

Glencore wins Aurukun bauxite race - Qld govt

By: Esmarie Swanepoel The Queensland government on Thursday tapped multi-national Glencore as the preferred developer for the Aurukun bauxite deposit in Western Cape York. In March this year, the state government deferred a development decision on the bauxite project after the remaining bidders, Glencore and... 

Glencore wins Aurukun bauxite race - Qld govt

Alcoa to close Italian smelter

By: Henry Lazenby US aluminium and related products producer Alcoa on Monday announced that it would close its Portovesme (Carbonia-Iglesias, Italy) primary aluminium smelter, where production had been curtailed since November 2012. The closure would reduce Alcoa’s global smelting capacity by 150 000 metric tons... 

Alcoa to close Italian smelter

BHP Billiton’s Newco poised to benefit South Africa

By: Martin Creamer The assets that BHP Billiton plans to hive off into a new standalone global diversified metals and mining company generated sales revenue last year of close to $10-billion. In the last ten years, the commodities of the proposed new company (Newco) enjoyed an earnings margin – in earnings before... 

BHP Billiton’s Newco poised to benefit South Africa
Photo by Duane Daws
Newco CEO-designate Graham Kerr (right) and Martin Creamer

Alumina reports major losses on Point Henry close

By: Esmarie Swanepoel 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 reported in the previous corresponding period. 

Alumina reports major losses on Point Henry close

Upbeat Glencore’s share buyback kicks off to analyst adulation

By: Martin Creamer 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 evinced mining analyst adulation. Glencore's... 

Upbeat Glencore’s share buyback kicks off to analyst adulation
Glencore CEO Ivan Glasenberg

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

By: Martin Creamer 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 energy coal assets. BHP Billiton CEO Andrew Mackenzie... 

South Africa gets 200-job sweetener as BHP Billiton spins out Newco
Photo by Bloomberg
Newco CEO-designate Graham Kerr

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

By: Martin Creamer 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 coal the likely preferred coal type over thermal... 

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

Base metals to see growth in Africa

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 promise to yield increased amounts of base metals,... 

Base metals to see growth in Africa
Photo by Bloomberg
PROSPECTING Africa promises to yield increased amounts of base metals
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