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Aluminium News

Orbite starts HPA production sequence

By: Henry Lazenby     Updated 18 minutes ago Quebec-based clean-tech firm Orbite Technologies on Friday reported that it has started the production sequence at its high purity alumina (HPA) plant. The TSX-listed firm advised that it has completed commissioning and start-up activities of the digestion circuit, with the first batch of... 

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... 

Ford sees 'substantial headwinds' from 2017 commodity costs

By: Reuters     14th September 2016 Ford Motor Co CFO Bob Shanks said that the company sees "substantial headwinds" in 2017 on North American commodity costs. Shanks was not specific on those costs, which may include higher prices for aluminium and steel that goes into its vehicles. Ford on Wednesday said its pre-tax profit in... 

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

Guinea goes from zero to hero for world’s top aluminium maker

By: Bloomberg     9th September 2016 Guinea will pass Australia to become China’s main source of bauxite next year as the world’s biggest aluminium maker boosts imports of the raw material from the West African nation that supplied almost nothing just two years ago. Shipments from Guinea to China will reach as much as 13-million... 

Alumina rises most in five months as Alcoa dispute settled

By: Bloomberg     3rd September 2016 Alumina Ltd shares climbed the most in five months after settling a dispute with its joint-venture partner Alcoa, a move that may spur takeover interest in the Australian company. Shares of Alumina, a partner with Alcoa in the world’s largest bauxite and alumina producer, rose 5.8% to close at... 

Alcoa, JV partner bury the hatchet regarding business demerger

By: Henry Lazenby     2nd September 2016 US aluminium and specialist alloys manufacturer Alcoa has settled a dispute with joint venture (JV) partner in Alcoa Worldwide Alumina and Chemicals (AWAC), Australian company Alumina Inc, over a plan to separate its upstream and downstream business segments. New York-based Alcoa and... 

Alcoa, JV partner bury the hatchet regarding business demerger

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

South32 to pay inaugural dividend despite significant revenue drop
Photo by Bloomberg
South32 CEO Graham Kerr

EY’s Canadian Mining Eye index surges on buoyant gold, base metals prices

By: Henry Lazenby     12th August 2016 Professional services firm EY’s Canadian Mining Eye index surged 42% during the three months ended June 30, as major miners gained 29% on the back of rising gold and base metal prices. Gold prices increased by 7% in the second quarter, compared with 16% gains in the prior period, while the major... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts

By: Mia Breytenbach     21st July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations is positioning the company well to achieve its unit cost guidance in the new financial year. Despite a... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts
Photo by Bloomberg
South32 CEO Graham Kerr

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon 

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Nickel rally to lose strength by year-end; aluminium settles into lower-for-longer pattern

By: Henry Lazenby     15th July 2016 New forecasts by BMI predict nickel prices will rise in the short term, however, the rally will taper off by year-end, as heightened Chinese refined nickel imports and ore supply disruptions from the Philippines buoy prices. However, the Fitch group research firm says positive long-term... 

Nickel rally to lose strength by year-end; aluminium settles into lower-for-longer pattern

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

New SEC ruling eases transparency reporting burden on extractive sector

By: Henry Lazenby     12th July 2016 New rules adopted late in June by issuers reporting under the US Securities and Exchange Commission (SEC) held the promise that oil, gas and mining companies operating in Canada, which file annual transparency reports, might now be able to use that same report to meet new US requirements.... 

Alcoa second-quarter profit drops on low aluminium prices

By: Reuters     11th July 2016 Alcoa on Monday reported a lower quarterly net profit, as revenue was hit by falling aluminium and alumina prices and plant operations that have been curtailed, closed or sold off. Alcoa reiterated its forecast for global automotive production growth in 2016 of 1% to 4%, but said continued... 

Alcoa second-quarter profit drops on low aluminium prices

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Report predicts further declines in exploration activity this year

By: Ilan Solomons     8th July 2016 For the global mining industry, 2015 was a challenging year and early indications suggest that 2016 is unlikely to reveal the light at the end of the tunnel for the sector, states professional services firm SNL Metals & Mining. The firm notes that with depressed metals prices, production... 

Report predicts further declines in exploration activity this year
IN A HOLE With depressed metals prices, high levels of international political turmoil and a slowing Chinese economy, investors are understandably wary of the mining industry

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Alcoa outlines business separation plans

By: Henry Lazenby     29th June 2016 US aluminium and lightweight alloys specialist Alcoa on Wednesday filed its initial plan to separate its upstream and downstream business segments with US securities regulators, saying the separation will allow each new company to pursue its own distinct corporate strategy and unlock the full... 

Alcoa outlines business separation plans

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Alumina files counterclaim against Alcoa

By: Mariaan Webb     27th June 2016 Australian company Alumina has filed a counterclaim against US group Alcoa, which last month turned to a Delaware court to prevent its partner in Alcoa Worldwide Alumina and Chemicals (AWAC) from blocking a demerger plan. Alumina said on Monday that its counterclaim sought court declarations to... 

First shipment of WA bauxite en route to China

By: Samantha Herbst     24th June 2016 Lightweight metals manufacturer Alcoa is celebrating its first shipment of Western Australia bauxite as part of an export trial approved by the state government last year. Perth-based Alcoa Mining president Garret Dixon noted that the milestone shipment – a 47 000-t parcel of bauxite bound for an... 

The MSA Group

     24th June 2016 Local mining consultancy The MSA Group provides exploration, geology, mineral resource, mining and environmental consulting solutions to a client base that includes some of the world’s largest multinational mining companies, as well as private equity and sovereign wealth funds, banks, governments... 

The MSA Group

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

Legal discretion dogging mine safety inquiries – Webber Wentzel 

By: Martin Creamer     10th June 2016 The only certainty about current enforcement of South Africa’s Mine Health and Safety Act is consistent uncertainty, says Webber Wentzel partner Kate Collier. Addressing a seminar on the way the Department of Mineral Resources (DMR) approaches senior mine management in the aftermath of serious... 

Legal discretion dogging mine safety inquiries – Webber Wentzel
Webber Wentzel partners tell Mining Weeky Online’s Martin Creamer of uncertainty being mining’s new certainty. Photographs: Duane Daws. Video & Video Editing: Nicholas Boyd.

Improving froth pumping solution

By: Sascha Solomons     10th June 2016 Specialist slurry equipment solutions provider Weir Minerals is introducing the next- generation WARMAN horizontal froth pump, which features a continuous air removal system that can be applied to the company’s froth pumps already in the market. This is in line with Weir Minerals’ focus on... 

Improving froth pumping solution
RUI GOMES Being able to develop and implement changes to produce greater efficiency is important in the pumps industry

Mining’s rebirth under way – Ritchken 

By: Martin Creamer     9th June 2016 New joint action is being brought to bear to arrest the devastating decline of the South African mining industry, which will involve the Mining Phakisa policy intervention seeking to boost the sector by positioning it as the centrepiece within a new, cohesive mining cluster that requires... 

Mining’s rebirth under way – Ritchken
Mining Phakisa's Edwin Ritchken outlines progress to Mining Weekly Online’s Martin Creamer at SAIMM conference. Video & Video Editing: Nicholas Boyd.

ANC in apparent Mining Charter reversal

By: Martin Creamer     3rd June 2016 The African National Congress (ANC) appears to have reversed its stance on the Mining Charter being enforceable under the Mineral and Petroleum Resources Development Act (MPRDA) of 2002, which is a major point of contention between the mining industry and government, as it confers legislative... 

ANC in apparent Mining Charter reversal
Photo by Duane Daws
Herbert Smith Freehills Africa partner Peter Leon
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