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Aluminium News

'Powered' Coega smelter viable, 'all for' using its SA coal for power – Rio Tinto  

By: Martin Creamer     26th August 2008 The construction of an aluminium smelter at Coega in South Africa was a “viable opportunity” with power and the company was “all for” supporting the development of a power generation plant from its “attractive” energy coal discovery in South Africa’s Limpopo province, Rio Tinto CEO Tom Albanese... 

Perception that miners do not receive support from DTI is erroneous – Deloitte

By: Leandi Kolver     22nd August 2008 There is a perception in the mining industry that it does not receive adequate support from the Department of Trade and Industry (DTI), in the form of grants because there is a special capital expenditure tax deduction system available for mining companies. 

BHP says Rio takeover makes ‘more sense than ever’

By: Matthew Hill     18th August 2008 Resources colossus BHP Billiton said on Monday that a merger with smaller rival Rio Tinto “makes more sense than ever”, and that its original acquisition timetable remained intact. CEO Marius Kloppers said that BHP Billiton remained focused on seeing the deal through to conclusion, which he... 

BHP Billiton expects commodity markets to remain robust

By: Matthew Hill     18th August 2008 BHP Billiton, the world’s biggest resources company, on Monday reiterated its upbeat outlook on the commodities markets, as demand keeps growing, and companies struggled to bring on new supply. CEO Marius Kloppers said that “people are way too optimistic on the speed of which new projects can... 

Vimetco buys Sierra Leone bauxite mine for $40m 

By: Creamer Media Reporter      25th July 2008 Aluminium producer Vimetco on Friday announced it had acquired Global Aluminium Limited, including a subsidiary bauxite mine, from Titanium Resources Group for $40-million, which was seen as further progress in achieving full vertical integration. A Global Aluminium subsidiary owned the bauxite... 

Camec’s full-year profit jumps

By: Matthew Hill     17th July 2008 Diversified resources firm Central African Mining and Exploration Company (Camec) rose 4,6% on London’s Aim, after it reported on Thursday that it had boosted its pretax earnings for the year ended March 31 by 219% to £54,8-million. Net profit rose to £39,06-million, from £14,22-million a year... 

Supply fears push aluminium to three-month high

By: Reuters     20th June 2008 Aluminium prices jumped to a three-month high on Friday as investors bought on news a US producer shut down about half its capacity, while copper hit a one-month high. Benchmark aluminium on the London Metal Exchange hit $3 158 a tonne, its highest level since March 14. It was trading up at $3... 

Zim loses 500 skilled personnel, may not enrol new mining, engineering students

By: Oscar Nkala     20th June 2008 Zimbabwe’s mining sector has lost over 500 technically skilled and experienced personnel over the last year alone, a recent survey conducted by the Chamber of Mines reveals. 

Rio Tinto pours first metal at Oman aluminium smelter

By: Liezel Hill     12th June 2008 The Sohar aluminium smelter, in Sohar, Oman, has poured its first metal and is expected to reach full production, at an initial 360 000 t/y, in December, diversified miner Rio Tinto said on Thursday. 

Miners should position themselves for even bigger China resources assault 

By: Matthew Hill     10th June 2008 Mining companies needed to look strategically and systematically at how they could benefit from opportunities that resource-hungry China's increasing growth as global resources player presented, an expert on that country said on Tuesday. Speaking at the ‘Africa Mining Congress'... 

Rio confirms SA aluminium smelter delayed to 2012

By: Christy van der Merwe     29th May 2008 Aluminium producer Rio Tinto Alcan on Thursday indicated that it expected its Coega aluminium smelter to only come on line in 2012. Rio Tinto Alcan Aluminium CEO Dick Evans said that South Africa's power constraints meant that the energy-intensive project on the country's South East... 

Inga 3 feasibility tenders expected this year, says BHP Billiton aluminium president

By: Martin Creamer     23rd May 2008 A committee established to study the feasibility of building the 4 000 MW Inga Three hydroelectric project in the Democratic Republic of Congo (DRC) is expected to invite public tenders this year, BHP Billiton president aluminium Xolani Mkhwanazi tells Mining Weekly. 

Rio Tinto Alcan ready to engage with ANC to seek Coega smelter solution

By: Matthew Hill     12th May 2008 World number-one aluminium producer Rio Tinto Alcan said on Monday that the task team looking into the timing of its planned aluminium smelter at Coega was making good progress, and that the firm still viewed South Africa as a “good place to do business”. Director of communications... 

Rusal buys 25% stake in Norilsk

By: Liezel Hill     24th April 2008 Aluminium giant Rusal has completed the acquisition of a 25% stake, plus on share, in the world's biggest producer of nickel and palladium, Norilsk Nickel. 

Vale names Tito Martins to head nonferrous minerals, energy units

By: Liezel Hill     23rd April 2008 Brazilian mining and logistics group Companhia Vale do Rio Doce (Vale) has appointed Tito Martins as executive director of nonferrous minerals and energy, and Demian Fiocca as executive director for management and sustainability, the company said on Wednesday. 

BHP Billiton cancels business with Standard Bank after 'misplaced' comments

By: Matthew Hill     28th March 2008 Both mining giant BHP Billiton and South African banking group Standard Bank were on Friday tight-lipped over the name of a senior bank executive who made remarks that led to the diversified miner taking its business away from the firm. This came after financial daily Business Day reported that... 

No decision on retrenchments – BHP Billiton

By: Sapa     27th March 2008 No decision has been made on retrenching workers from BHP Billiton's Bayside aluminium smelter in Richards Bay, a spokesperson said on Thursday. BHP Billiton’s Bronwyn Wilkinson said that no decision had been made on retrenchments and that the company was not planning to send out... 

More than half of SA’s mines yet to lodge additional power requests - Eskom

By: Matthew Hill     20th March 2008 State-owned power utility Eskom, currently grappling with a national electricity shortage, wants to reveal exactly where the extra 5% power it is allocating to the mining industry is going, but it is up to the customers, a spokesperson said. However, has yet to receive all the information that it... 

Lundin Mining reports $436m Q4 loss after impairment charges

By: Liezel Hill     19th March 2008 Base-metals miner Lundin Mining has posted a net loss of $436,6-million, after noncash impairment charges of $491,9-million. The charges related to its merger with EuroZinc Mining and the acquisition of Rio Narcea Gold Mines. 

Rio Tinto on track to more than double output at Queensland refinery

By: Liezel Hill     18th March 2008 Aluminium producer Rio Tinto Alcan remains on schedule and within budget in an expansion of its Yarwun alumina refinery, in Australia, the company said on Tuesday. 

Rio Tinto in talks with govt to review terms, timing of SA smelter

By: Liezel Hill     13th March 2008 Diversified miner Rio Tinto is in discussions with the South African government to review the timing of its planned aluminium smelter at Coega, in the Eastern Cape, in light of the country's power shortage, the company said on Thursday. South Africa has reduced power supply to large... 

BHP to close parts of Bayside smelter to achieve 10% cut in energy use

By: Liezel Hill     11th March 2008 Diversified resources group BHP Billiton plans to close two potlines at its Bayside aluminium smelter, in Richards Bay, South Africa, in order to reduce the group's overall power consumption at its Southern African operations by 10%, the company said on Tuesday. At the request of... 

Bigger is better, says Rio's Albanese 

By: Liezel Hill     6th March 2008 Consolidation and operating on a larger scale were important considerations for mining companies to continue to meet the challenges of growing demand for their products, high input costs and competition for exploration ground, Rio Tinto CEO Tom Albanese said on Wednesday. “Scale really does... 

Vale Q4 profit rises to $2,57bn

By: Liezel Hill     29th February 2008 Brazilian resources giant Companhia Vale do Rio Doce (Vale) increased fourth quarter net earnings to $2,57-billion, the group reported on Thursday. “Vale completed in 2007 the fifth consecutive year of extraordinary growth in its activities,” the group said in a statement. 

Exxaro has 17 coal, mineral sands, base-metal projects on way

By: Keith Campbell     29th February 2008 Although diversified South African mining group Exxaro regards itself as currently being in a consolidation phase – the company was only created in 2006 – it is not ruling out future expansion projects, and has inherited a significant project pipeline from the companies it was formed... 

Quebec potlining treatment plant offers 'new industry standard' - Rio Tinto

By: Liezel Hill     22nd February 2008 Aluminium producer Rio Tinto Alcan has completed the construction of a $225-million spent potlining treatment plant, in Quebec, Canada, the company said on Friday. The plant will treat spent potlining, which is removed from the electrolytic cells used to produce aluminum, from Rio Tinto... 

Vale iron-ore output rises to record

By: Liezel Hill     15th February 2008 Brazil-based Companhia Vale do Rio Doce (Vale) lifted its iron-ore production to a record 296-million tons in 2007, an increase of 12% on the previous year's performance, the company reported on Friday. However, iron-ore output fell short of the company's own forecasts, because of heavy... 

Significant contracts set to continue in 2008

By: Shannon de Ryhove     15th February 2008 Switchgear systems company RBF Technology executed some significant contracts during 2007, a trend that looks set to continue for the foreseeable future. The company already has an installed base of some 26 000 sections, locally and internationally.  

Rio Tinto, partners plan $617m upgrade for Oz aluminium smelter

By: Liezel Hill     8th February 2008 Diversified miner Rio Tinto and its joint-venture partners will spend some $617-million to modernise and extend the life of the Boyne Island aluminium smelters, in Australia, the group said on Friday. 

BHP Billiton reduces 10% power at its ALUMINIUM smelters

By: Dennis Ndaba     8th February 2008 The world's biggest mining company, BHP Billiton, says that the recent power outages in South Africa have affected its operations. 

US recession would rout base metals prices - economist

By: Jade Davenport     4th February 2008 Canada-based Dundee Wealth Economics chief economist Dr Martin Murenbeeld said on Monday that a looming recession in the US was the most immediate factor challenging the sustainability of curently-high commodity prices. 

UC Rusal partners with China Power to build aluminium complex

4th February 2008 The world’s largest aluminium and alumina producer, United Company Rusal, has signed an agreement with China Power, one of China’s largest energy companies, to create a bauxite-alumina complex in Guinea, and an energy and metal complex in China.  

Chinalco, Alcoa buy Rio Tinto stake

By: Reuters     1st February 2008 A bullish view of the metals cycle was a driving factor behind Aluminum Corp of China's (Chinalco) move to team up with Alcoa to buy a stake in mining group Rio Tinto, the head of Chinalco said on Friday. 

Vale may build aluminium smelter in Colombia

By: Liezel Hill     31st January 2008 Brazilian mining, energy and logistics group Campanhia Vale do Rio Doce (Vale) has studied power generation projects in Colombia to potentially supply energy to an aluminium smelter, but has not made any decisions regarding investment in the country. 

More blackouts as Eskom reports 4 000 MW capacity shortfall

By: Christy van der Merwe     31st January 2008 The all-too familiar electricity load shedding throughout South Africa, which resumed on Wednesday evening, continued on Thursday, after Eskom reported the loss of a unit at its Kriel power station in Mpumalanga, as well as increasing generation losses at some other power stations, which it said... 

BHP starts cutting power demand at aluminium smelters

By: Christy van der Merwe     31st January 2008 The world's largest diversified miner, BHP Billiton, announced on Thursday that it would reduce power demand at the Bayside, Hillside, and Mozal aluminium smelters by 10%, under instruction from the South African government and electricity utility Eskom, in an effort to stabilise the power... 

Rio Tinto to spend $90m on upgrades to Scottish aluminium smelter

By: Liezel Hill     30th January 2008 Diversified miner Rio Tinto has approved a $90-million investment to modernise its Lochaber aluminium plant, in Scotland, the group said on Wednesday. 

Former Merrill Lynch chief joins Alcoa board

By: Liezel Hill     18th January 2008 Former Merrill Lynch CEO Stan O'Neal has been appointed to the board of directors of aluminium-producer Aloca, the company said on Friday. 

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