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Aluminium News

Rusal Q4 core earnings surge, Deripaska steps down

By: Reuters     23rd February 2018 Russian aluminium giant Rusal posted a 42% jump in fourth-quarter core earnings on Friday, helped by higher aluminium prices, and announced billionaire Oleg Deripaska would step down as president, as expected. Hong-Kong listed Rusal said fourth-quarter earnings before interest, taxation,... 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Glencore shoots lights out, mulls divi top-up, reaffirms South Africa

By: Martin Creamer     21st February 2018 Diversified mining and marketing company Glencore shot the lights out with a superlative set of 2017 results that coincided with a leap in its share price in Johannesburg, the reaffirmation of South Africa as an even more positive investment destination, and the mulling of a dividend "top up"... 

Glencore shoots lights out, mulls divi top-up, reaffirms South Africa
Photo by Duane Daws
Flashback to Ivan Glasenberg opening Glencore-funded school in South Africa's coalfields.

As Trump takes aim at foreign metal, Canada argues for exemption

By: Bloomberg     20th February 2018 The biggest steel and aluminium exporter to the US is hopeful of being left out of a Trump administration crackdown on foreign shipments. The US Commerce Department didn’t recommend giving Canada a pass when it outlined possible tariffs and quotas on Friday, but it did single out its northern... 

EU warns it will retaliate if hit by US trade curbs

By: Reuters     20th February 2018 The European Commission said on Tuesday it had expressed its concern to Washington about possible measures to curb imports of steel and aluminium and warned that it was ready to react if its industry was hit. "We have made it clear to the US administration at the highest level that we would be... 

Russia's Prokhorov sells 6% stake in Rusal to Vekselberg

By: Reuters     20th February 2018 Russian businessman Mikhail Prokhorov has agreed to sell a 6% stake in Russian aluminium giant Rusal to a consortium of investors led by billionaire Viktor Vekselberg and his partners, the consortium said on Monday. The sale will close a chapter at the world's second largest aluminium producer.... 

BHP rewards shareholders, profit jumps 25% on commodity prices

By: Mariaan Webb     20th February 2018 Higher commodity prices have helped the world’s largest diversified mining group to report a 25% increase in its underlying attributable profit and to reward shareholders with higher interim dividends. Melbourne-headquartered BHP grew its underlying attributable profit from $3.24-billion in the... 

BHP rewards shareholders, profit jumps 25% on commodity prices
BHP CEO Andrew Mackenzie

As 'America First' turns to steel, Canada looks to duck trump ax

By: Bloomberg     20th February 2018 Canada, the top steel and aluminum exporter to the US, is hopeful of being left out of a Trump administration crackdown on foreign shipments. While the US Commerce Department didn’t recommend giving its northern neighbor a pass when it outlined possible tariffs and quotas on Friday, it did... 

Russian magnate Deripaska to quit roles at his two biggest firms

By: Reuters     19th February 2018 Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls - aluminium giant Rusal and En+ Group, two sources familiar with the matter told Reuters. The change comes less than a month after the inclusion of Deripaska and dozens of Russian billionaires... 

US seeks to boost output of 35 minerals, reduce import reliance

By: Reuters     17th February 2018 The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday. Aluminium and potash are also on the draft list of 35 critical materials used in basic... 

US seeks to boost output of 35 minerals, reduce import reliance

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Test results support Cadoux project’s HPA flowsheet

By: Schalk Burger     16th February 2018 Metallurgical tests conducted as part of the prefeasibility study (PFS) at ASX-listed FYI Resources’ Cadoux Kaolin project, in Western Australia, have validated the high-purity alumina (HPA) flowsheet for the project. The outstanding metallurgical test results returned excellent leach extractions... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

South32 announces special dividend after stronger-than-expected H1

By: Simone Liedtke     15th February 2018 Diversified miner South32 will return more money to shareholders, after reporting a stronger-than-expected $543-million underlying profit for the first half of the 2018 financial year. This meant that dividends to shareholders would be doubled. 

South32 announces special dividend after stronger-than-expected H1
Photo by Duane Daws
South32 CEO Graham Kerr

Trump weighs tariffs, quotas on US steel, aluminium imports

By: Reuters     14th February 2018 US President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminium imports that he said were unfairly hurting US producers, including tariffs and quotas. Trump's comments - his strongest signal in months that he will take at least some action to... 

Trump to meet US lawmakers to discuss trade, focus on steel and aluminium

By: Reuters     13th February 2018 US President Donald Trump will meet with a bipartisan group of lawmakers on Tuesday to discuss trade matters, as he ponders whether to takes steps to limit steel and aluminium imports seen as damaging to US businesses. A month ago the Commerce Department handed Trump the results of its... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Aluminium foil makers say US devastated by cheap China imports

By: Bloomberg     8th February 2018 US producers of aluminium foil said cheap imports from China have devastated the American industry, making it imperative for the US to impose duties on Chinese shipments. 

Rio Tinto confident US will treat Canada differently on trade

By: Bloomberg     8th February 2018 The head of Rio Tinto Group’s aluminium division is confident the Trump administration will recognize that Canada must be viewed differently when considering import tariffs on the metal and in Nafta talks. “There’s a clear recognition of the strategic importance of the Canadian industry to the... 

CoM sees resurgence in hope, green shoots in South African mining industry

By: Mia Breytenbach     5th February 2018 There is new sense of hope in the mining industry and in South Africa, says Chamber of Mines (CoM) CEO Roger Baxter. “It gives us a new confidence that a resurgence is taking place in the industry for the year ahead,” said Baxter, who spoke at a media briefing at the Investing in African Mining... 

CoM sees resurgence in hope, green shoots in South African mining industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter

Goldman's most bullish on commodities since supercycle ended

By: Bloomberg     2nd February 2018 Goldman Sachs Group is more bullish on commodities than any time since the end of the supercycle in 2008. As economies around the world pick up, factories are humming, eating into stockpiles of raw materials and driving demand at miners and oil producers already facing limits on output. Copper,... 

Europe to Trump: If you want a trade war, you'll get one

By: Bloomberg     29th January 2018 The European Union gave President Donald Trump a fresh warning about any US curbs on imports from Europe by pledging swift retaliation, highlighting the persistent risk of a trans-Atlantic trade war. The EU fired the shot across the US bow after Trump said in an interview with ITV broadcast over... 

Aluminium maker Norsk Hydro to boost output, cut energy costs

By: Reuters     29th January 2018 Norwegian aluminium maker Norsk Hydro plans to transfer energy-saving technology from a pilot project to primary smelters in the next five to six years, boosting output and cutting costs, the company's head of technology told Reuters. Hydro on Monday announced the start of production at its new... 

Novelis to build $300m aluminium plant amid auto optimism

By: Bloomberg     23rd January 2018 Aluminium flat-rolled products maker Novelis Inc. plans to build a $300 million plant in Kentucky targeted at automotive customers looking to minimise vehicle weight amid more stringent efficiency rules. “It just reiterates the industry’s view on this very strong penetration as the material of... 

China to drive another year of rapid developments in aluminium market

By: Anine Kilian     23rd January 2018 Buoyed by events in China, the aluminium market is expected to see rapid growth in 2018, according to global energy, chemicals, renewables, metals and mining research and consulting group Wood Mackenzie (WoodMac). In its latest aluminium report, the company highlighted that China supply reforms,... 

US Commerce Dept confirms sent Trump aluminium probe results

By: Reuters     23rd January 2018 The US Commerce Department confirmed on Monday that it had submitted the results of its national security investigation into aluminium imports that could lead to broad import restrictions on the lightweight metal. A statement from the agency did not divulge any of the findings of the "Section... 

New ‘disruptive’ mine borer heads for Indaba unveiling

By: Martin Creamer     18th January 2018 A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaboration imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of... 

New ‘disruptive’ mine borer heads for Indaba unveiling
Photo by Duane Daws
Danie Pretorius

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

BHP second-quarter iron-ore output up 3%, maintains forecast

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

Canadian miners welcome new federal business ethics ombudsman

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

South32 boasts record manganese, aluminium production in December quarter
Photo by Bloomberg
South32 CEO Graham Kerr

As stockpiles fall, which metals are really in tight supply?

By: Reuters     16th January 2018 Stocks of industrial metals in London Metal Exchange (LME) warehouses fell more than 40 percent last year and further declines are expected in 2018, which should in theory signal tighter supplies and fuel a blistering price rally. But rising inventories of metals at smaller rival exchanges... 

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Canadian companies struggle to plan for post-NAFTA world

By: Reuters     12th January 2018 Canadian industries that would be most acutely impacted by the death of the North American Free Trade Agreement are unable to meaningfully plan for a possible post-NAFTA world given the uncertainty of what could replace it, analysts and executives said. With three quarters of Canadian exports... 

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Rio Tinto receives offer for aluminium smelter

By: Martin Creamer     10th January 2018 Diversified mining company Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500-million. In accordance with French law, the London-listed company will launch a consultation process with employees, relevant... 

Rio Tinto receives offer for aluminium smelter
Rio Tinto Aluminium CE Alf Barrios

Liberty House makes binding offer for Rio Tinto's French aluminium smelter

By: Reuters     10th January 2018 Liberty House, the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance, said on Wednesday it had made a binding offer for miner Rio Tinto's, aluminium smelter in Dunkerque, France, the largest in Europe. The group did not disclose an offer price but said the move was part of a... 

Liberty House makes binding offer for Rio Tinto's French aluminium smelter
Rio Tinto CEO Jean-Sebastien Jacques is moving to divest all but the company's best-performing units.
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