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Aluminium News

Proposed MPRDA amendments lack clarity

By: Nadine James     29th January 2016 While the proposed amendments to the Mineral and Petroleum Resources Development Act (MPRDA) contain positive aspects, in a broader sense, they are flawed, particularly in terms of the applications and appeals processes regarding mining rights, says Hogan Lovells partner and head of mining Warren... 

Mining needs critical legal regulatory matters resolved

     29th January 2016 There will be many critical legal and regulatory issues facing the mining industry in 2016, says Chamber of Mines (CoM) legal head Lerato Legong. He claims that “one of the most important is going to be the review of the Mining Charter, which will likely lead to the development of the third... 

Mining needs critical legal regulatory matters resolved
Photo by Bloomberg
MOSEBEZI ZWANE The Chamber of Mines expects that the Mineral Resources Minister and his department will deal with a number of regulatory issues in the coming year

Mine health, safety amendment still not effective

By: Nadine James     29th January 2016 Two of the additional regulations pertaining to the operation of  diesel-powered trackless mobile machinery (TMM) on mines – which were published in February 2015 – remain inoperable, as the Department of Mineral Resources (DMR) has yet to stipulate a date when the specific obligations come into... 

Mine health, safety amendment still not effective
Photo by Bloomberg
AVERTING COLLISIONS Several of the new regulations regarding Trackless Mobile Machinery are meant to prevent or reduce collisions

Delayed MPRDA Amendment Bill unfavourable

By: Nadine James     29th January 2016 It is more than a year since the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill was referred back to Parliament by President Jacob Zuma for reconsideration. According to the latest available public record, more parliamentary committee meetings to reconsider the Amendment... 

Delayed MPRDA Amendment Bill unfavourable

Crucial decision needed on empowerment levels

By: Nadine James     29th January 2016 An urgent court judgment needs to be made to determine the empowerment levels in South Africa’s mining industry, as this will most likely impact on the future alignment between the Department of Trade and Industry (DTI) codes and the Mining Charter, stresses Cliffe Dekker Hofmeyr director of... 

Crucial decision needed on empowerment levels
ALLAN REID Aligning the Mining Charter with the Department of Trade and Industry codes will be challenging, regardless of the Department of Mineral Resources' 12-month extension

Final Lisheen zinc shipment leaves gap Southern Africa can fill – Vedanta 

By: Martin Creamer     25th January 2016 The final shipment of zinc from Vedanta Resources' Lisheen mine has brought zinc supply from the Irish mine to an end, opening up an opportunity for the Gamsberg project, which is inching forward at a carefully measured pace in South Africa’s Northern Cape. Lisheen’s closure means that some 120... 

Final Lisheen zinc shipment leaves gap Southern Africa can fill – Vedanta
Photo by Duane Daws
Tom Albanese, Godfrey Oliphant, Deshnee Naidoo at first Gamsberg blast

Networking at every turn

By: Kimberley Smuts     22nd January 2016 Event organiser Mining Indaba recognises that one of the most critical functions of the Investing in African Mining Indaba conference is to create a platform that allows all those operating in the African mining sector to engage. The annual Mining Indaba taking place from February 8 to 11 at the... 

Networking at every turn
NETWORKING OPPORTUNITIES ABOUND Mining Indaba has again allocated specific times for networking over the course of the event to allow delegates to set up meetings and take advantage of the opportunity to meet new business contacts

Key speaker to address investment options at Indaba

By: Mia Breytenbach     22nd January 2016 International financial institution World Bank Group VP Makhtar Diop will be a key speaker at this year’s Investing in African Mining Indaba as well as being part of the market panel titled ‘Driving Investment in African Infrastructure - what are the investment options?’. The Mining Indaba will... 

Key speaker to  address investment options at Indaba
Photo by Duane Daws
MAKHTAR DIOP Despite the slowdown of Africa’s biggest economies, the gross domestic product in the region is expected to pick up to an average of 4.4% and 4.8% in 2016 and 2017, respectively

Applied Mineral Technologies

     22nd January 2016 Witbank-based Applied Mineral Technologies (Amtec) specialises in the fabrication and construction of materials handling systems and processing plants. “Amtec is especially proficient and experienced in brownfield and shutdown construction activities having successfully undertaken many... 

Applied Mineral Technologies

Competition Tribunal lifts conditions on Zimco, Atlantis merger

By: Samantha Herbst     21st January 2016 The Competition Tribunal has approved a request by South African industrial and base metals producer Zimco Group to lift certain conditions imposed by the Competition Commission in 2014, when it approved the merger of Zimco and lead anodes producer Atlantis Metals. At the time of the merger,... 

Competition Tribunal lifts conditions on Zimco, Atlantis merger

Alcoa defers curtailment of Washington smelter

By: Henry Lazenby     20th January 2016 NYSE-listed lightweight metals specialist Alcoa on Tuesday announced that it would delay the curtailment of its Intalco Works primary aluminium smelter in Ferndale, Washington, until the end of the second quarter. The company explained that recent changes in energy and raw material costs have... 

To increase value, miners need to navigate the pitfalls of M&A

By: Henry Lazenby     15th January 2016 Navigating the mergers and acquisitions (M&A) market can be tricky at best, but with increased pressure to conclude deals in the tight economic environment, there are several pitfalls buyers and sellers should heed to maximise deal values. Professional services firm EY in October released the... 

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

By: Jade Davenport     15th January 2016 Over the last few years, South Africa’s mining industry has staggered into the new year increasingly the worse for wear having been ravaged by a myriad of challenges over the course of 2015 not least of which have included mineral-policy uncertainty, labour-management disputes, waning investor... 

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

Big mining shares keep tumbling as China data ups anxiety

By: Martin Creamer     12th January 2016 Global mining stocks have lost $1.4-trillion since 2011, more than the combined value of Apple, Exxon Mobil and Alphabet Inc, according to Bloomberg Business, which reports that its world mining index has dropped to an 11-year low. The market capitalisation of diversified major Anglo American,... 

Big mining shares keep tumbling as China data ups anxiety
Mining's mess exemplified by this slimes dam disaster in Brazil.

More curtailments at Alcoa/Alumina JV

By: Esmarie Swanepoel     8th January 2016 ASX-listed Alumina said on Friday that US major Alcoa’s decision to curtail one-million tonnes of refining capacity from the joint venture (JV) Alcoa World Alumina & Chemicals (AWAC), was expected to improve the JV’s cost position and ensure its continued competitiveness in the prevailing market... 

More curtailments at Alcoa/Alumina JV

Alcoa to shutter Warrick smelter, Indiana

By: Henry Lazenby     8th January 2016 US aluminium specialist Alcoa will permanently close its 269 000-metric-ton Warrick Operations smelter, in Evansville, Indiana, by the end of the first quarter. The NYSE-listed firm noted that the Midwest transaction aluminium price had dropped by about 30% and that the Alumina Price Index fell... 

Alcoa lands $2.5bn in Boeing deals

By: Henry Lazenby     17th December 2015 Lightweight alloys specialist Alcoa has clinched long-term supply contracts valued at more than $2.5-billion with US airliner manufacturer Boeing. NYSE-listed Alcoa would supply Boeing with multi-material fastening systems for every Boeing platform in its largest fastener deal ever. It would also... 

Alcoa lands $2.5bn in Boeing deals

Market uncertainty pulls EY’s Canadian Mining Eye index down in Q3

By: Henry Lazenby     15th December 2015 Professional services firm EY’s Canadian Mining Eye index declined 17% during the third quarter 2015, in stark contrast to the second quarter’s 4% gain. This latest drop was even more substantial than the first quarter, which saw only a 1% decline. 

Kriel Occupational & Wellness Centre

     11th December 2015 Independent service provider Kriel Occupational & Wellness Centre, a 100% black, female-owned business, was formed in 2008 to bridge the gap in the occupational health sector identified by director Dr Patience Lindi Mokwena. The women-empowered company, which is focused on servicing the mining... 

Kriel Occupational & Wellness Centre

Glencore shares soar as company spurts cash, reports “good” China sales

By: Martin Creamer     10th December 2015 The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capital preservation targets and was... 

Glencore shares soar as company spurts cash, reports “good” China sales
Photo by Duane Daws
Ivan Glasenberg

Rapid debt reduction shapes Glencore for lower prices

By: Martin Creamer     10th December 2015 Global diversified mining and marketing company Glencore is ahead of schedule on the debt reduction plan, with rapid delivery of debt reduction measures preparing the London-, Hong Kong- and Johannesburg-listed giant for current, and even lower, commodity prices. Glencore CEO Ivan Glasenberg... 

Rapid debt reduction shapes Glencore for lower prices
Photo by Duane Daws
Ivan Glasenberg

How mining can innovate and boost cash at same time 

By: Martin Creamer     2nd December 2015 French software company Dassault Systèmes Geovia is offering South Africa’s struggling mining industry the opportunity to innovate and accelerate its cash flow at the same time. The company outlined its mix of innovation and cash-boosting potential at a presentation attended by Creamer Media’s... 

How mining can innovate and boost cash at same time
Dassault Systemes Geovia top brass speak to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Tramecon

     27th November 2015 Tramecon is a turnkey laboratory solutions provider, servicing mining projects worldwide from its wholly owned Randburg facility, comprising two mini factories covering 400 m2. The company has recently supplied South Africa-based product logistics monitoring for a Democratic Republic of Congo... 

Despite slowing growth, China to remain key growth market for metals

By: Henry Lazenby     17th November 2015 As commodity prices touched fresh decade-lows in recent months, a look at the global macroeconomic situation reveals that, despite China being a significant part of the commodity price slump, it will remain a critically important growth market for metals for decades to come. Addressing an... 

Despite slowing growth, China to remain key growth market for metals

With lending tight, miners look to swap cash for royalties

By: Reuters     13th November 2015 A slump in mineral prices that's making it tough for miners to borrow is providing more opportunities for companies such as Anglo Pacific Group, whose business is exchanging cash for production royalties on commodities out of favour with lenders. Banks are becoming increasingly wary of lending... 

African mining retains positive outlook

By: Mia Breytenbach     6th November 2015 Africa is awaiting a “gold rush”, similar to the mineral revolution and birth of Johannesburg at the end of the nineteenth century, international law firm Hogan Lovells partner, mining head and regional head Warren Beech states. He reaffirms to Mining Weekly that the exploitation of the minerals... 

African mining retains positive outlook
TAPPING INTO THE MARKET Countries such as the US, Japan and Korea are showing increasing interest in Africa, with large investments focusing on primary metals

Africa should boost exploration before new supercycle

By: Mia Breytenbach     6th November 2015 Despite the imperative for African mining companies to preserve, or consolidate their assets, these companies also need to prime themselves for a new commodity super cycle and potential growth, through boosting exploration projects, states multinational services firm EY mining and metals sector... 

Africa should boost exploration before  new supercycle
Photo by Bloomberg
CHANGING GEARS Mining companies now have to strike a balance between optimising the current mines and a focus on looking for opportunities to grow

PM Trudeau appoints new Cabinet, Carr named Natural Resources Minister

By: Henry Lazenby     5th November 2015 Shortly after being sworn in as Canada’s twenty-third Prime Minister on Wednesday morning, Justin Trudeau announced a new gender-equal Cabinet, including Manitoba MP James Carr as Minister of Natural Resources. In his new capacity, Carr assumed responsibility for the natural resources portfolio,... 

PM Trudeau appoints new Cabinet, Carr named Natural Resources Minister
Photo by Reuters
Canada's new Liberal Cabinet, led by PM Justin Truedeau.

Alcoa sees 2016 aluminium deficit, on track to hit 3yr targets

By: Creamer Media Reporter      4th November 2015 US alloys specialist Alcoa expected a 360 000 t global aluminium deficit in 2016, down from a 551 000 t surplus in 2015, driven by strong aluminium demand, smaller production increases and smelter curtailments. The NYSE-listed company also estimated a one-million metric ton alumina deficit in... 

Chamber repeats delay call as National Treasury publishes carbon tax draft

By: Martin Creamer     4th November 2015 The imposition of a carbon tax should be delayed by five years, the Chamber of Mines of South Africa reiterated on Wednesday following the publication by National Treasury of a draft carbon tax Bill. The chamber said ahead of its own planned scrutiny of the draft that such a delay would be... 

Chamber repeats delay call as National Treasury publishes carbon tax draft
Photo by Duane Daws
Roger Baxter

Alcoa idles more aluminium production capacity

By: Esmarie Swanepoel     3rd November 2015 Aluminum major Alcoa has announced the reduction of 503 000 t of smelting capacity and 1.2-million tonnes of refining capacity, mostly in the US. The company said this week that it would idle the Intalco and Wenatchee primary aluminium smelters, in Washington, and the Massena West smelter, in... 

Creamer Media publishes Base Metals 2015: A review of Africa's base metals sectors research report

     2nd November 2015 In light of these developments, Creamer Media’s 'Base Metals 2015 Report' examines the global base metals market, with a particular focus on supply and demand; the production of copper, zinc, nickel and lead in the African market, and on selected base metals operations and projects in Africa. 

Creamer Media publishes  Base Metals 2015: A review of Africa's base metals sectors research report

Corruption concerns have increased implications for mining and exploration M&A

By: Simon Rees     29th October 2015 Buyers are becoming increasingly wary of corruption issues when buying projects, operations or other companies, and those looking to sell will have to be more mindful of this, says PricewaterhouseCoopers Canada MD and anticorruption expert Frederic Miller.   “Nobody these days wants to buy a... 

Davis tax proposals sound death knell for new mine development  

By: Martin Creamer     29th October 2015 The recommendations of the Davis Committee on Tax bring the prospect of new mining development to a screeching halt and sound the death knell for new gold mining development in particular, commentators warn. The South African mining industry has until October 31 to comment on the first round of... 

Davis tax proposals sound death knell for new mine development
Flashback: Imara Asset Management investment manager Bruce Williamson tells Mining Weekly Online’s Martin Creamer that South Africa’s gold tax formula has allowed the State to level peg with investors. Camera Work and Video Editing: Darlene Creamer and Shane Williams.

Outlook for base metals industry remains negative – Moody’s

By: Megan van Wyngaardt     26th October 2015 Global base metals prices will not change materially over the next 12 to 18 months and could face further downside risk, as prices remain on a downward trend, says ratings agency Moody’s. “Our outlook for the global base metals industry is negative, which means that fundamental business... 

Outlook for base metals industry remains negative – Moody’s

Shareholders get 3% of mining cake, employees 45% – PwC  

By: Martin Creamer     26th October 2015 Of the value created by 35 Johannesburg Stock Exchange-listed mining companies, a low 3% went to shareholders and a high 45% to employees, an analysis of the 12 months to June 2015 shows. Net profit fell 75% to a mere R2-billion even though impairment provisions were 26% lower. 

Shareholders get 3% of mining cake, employees 45% – PwC
Creamer Media’s Mining Weekly Online videos PwC mining assurance partner Andries Rossouw on some of the findings of the company’s seventh SA Mine report. Video: Nicholas Boyd. Video Editing: Lionel da Silva

Half of world’s aluminium smelters not profitable, price could fall below $1 200/t

By: Henry Lazenby     23rd October 2015 About half of the world’s aluminium smelters were not profitable and continued price pressures would force more smelters offline should the price fall as low as $1 200/t, a report by BofA Merrill Lynch Global Research had found. Aluminium prices had continued trading lower in recent weeks,... 

Half of world’s aluminium smelters not profitable, price could fall below $1 200/t

Tough times may linger for commodities – Bureau for Economic Research

By: Kim Cloete     22nd October 2015 Bureau for Economic Research (BER) senior economist Hugo Pienaar said on Thursday that he expected commodities to face the pinch for some time to come. “We don’t think it is going to be a robust story for commodity prices any time soon. The global situation is not positive for South Africa,” he... 

Tough times may linger for commodities – Bureau for Economic Research
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