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Zinc refiner needed in South Africa

By: Tasneem Bulbulia     18th August 2017 A local zinc refiner needs to be established to provide more intimate support for the South African galvanising industry to capitalise on the recovery of the South African economy, says International Zinc Association of South Africa (Izasa) regional director Rob White. He notes that, with the... 

China's Chalco plans $500m investment in Guinea bauxite project

By: Reuters     16th August 2017 Aluminium Corp of China (Chalco) plans to invest $500 million in a project to produce bauxite, used to make aluminium, in Guinea starting next year, the mines ministry said. The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese... 

Zinc breaks through $3 000 barrier as metals rally gathers pace

By: Bloomberg     16th August 2017 Zinc surged above $3 000 a metric ton amid persistent global deficits, and aluminium climbed as China reined in illegal capacity, adding fresh impetus to the rally even as some investors expressed concerns. Zinc jumped as much as 2.6% to $3 037/t on the London Metal Exchange, the highest level... 

Russian tycoon Prokhorov agrees to sell 7% stake in Rusal to Vekselberg

By: Reuters     11th August 2017 Russian aluminium giant Rusal said tycoon Mikhail Prokhorov has agreed to sell around a 7% stake to billionaire Viktor Vekselberg for $503.9-million, concluding lengthy negotiations over a sale. Prokhorov, a minority shareholder in Hong Kong-listed Rusal, had been in talks to sell a 12% stake in... 

US finds China aluminium foil subsidised, imposes duties

By: Reuters     9th August 2017 The US Commerce Department said on Tuesday it made a preliminary finding that imports of aluminium foil from China are subsidised, and it imposed countervailing duties ranging from 16.56% to 80.97%. US aluminium foil producers had filed petitions with the US government accusing Chinese producers... 

LME seeks consensus to cut rents for storing metal

By: Reuters     7th August 2017 The London Metal Exchange is seeking agreement from its network of metal warehouse owners to cut the rents charged for storage, which could boost the amounts of metal registered under LME warrant and improve transparency. Rents for aluminium on warrant, which gives the material LME backing,... 

BMI says outlook for Russian nickel sector bleak

By: Creamer Media Reporter      3rd August 2017 Fitch group company BMI has lowered its forecast for Russian nickel production in 2017, and says the outlook for the country’s domestic production over the next five years looks bleak. BMI stated this week that Russia’s nickel production would remain on a negative trend this year, following a... 

Asian battery makers eye nickel top-up as cobalt price bites

By: Reuters     3rd August 2017 Soaring cobalt prices are prompting Asia's top battery makers to tweak the recipe for lithium-ion batteries used to power electric cars and mobile phones - reducing the amount of cobalt and adding more nickel. With forecasts for electric vehicle (EV) battery demand to jump 20-fold over the... 

Electric-car revolution is shaking up the biggest metals markets

By: Bloomberg     3rd August 2017 The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets. While some of the largest diversified miners like Glencore argue fossil fuels such as coal and oil still play a crucial role... 

Sub-Saharan Africa’s iron-ore sector to benefit from Chinese investment

     28th July 2017 Sub-Saharan African iron-ore production is expected to continue to edge up from 93-million tons in 2017 to 103-million tons in 2021, as continued Chinese investment in the region offsets the effects of lower global prices, says research firm BMI, which also, however, warns of the risk the... 

India's Vedanta Q1 consolidated profit doubles

By: Reuters     25th July 2017 Vedanta, the Indian unit of diversified energy group Vedanta Resources, reported a doubling of quarterly consolidated profit on Tuesday, as higher zinc prices helped the company to reap improved margins. Consolidated profit came in at 15.25-billion rupees in the quarter ended June 30, with... 

Norsk Hydro rides aluminium price, divisions underperform

By: Reuters     25th July 2017 Overall profit growth at Norsk Hydro was overshadowed on Tuesday by below-forecast performances from several businesses including rolled products, knocking the aluminium producer's shares. Norsk Hydro's stock was down 3.04% at 12:01 GMT, lagging an Oslo benchmark index, and CEO Svein Richard... 

Fast-growing Chinese aluminium sector attracts increased govt scrutiny

By: Henry Lazenby     21st July 2017 As the Chinese aluminium sector comes under greater pressure to moderate its capacity growth, the government is cracking down on so-called ‘illegal’ smelters, analysis by Wood Mackenzie global aluminium markets senior research analyst Ami Shivkar has found. Shivkar argues that unqualified... 

South32 reports lower FY production for most commodities

By: Esmarie Swanepoel     20th July 2017 Diversified miner South32 on Thursday reported an increase in production across most of its portfolio for the three months to June, compared with the previous quarter, but its full-year performance was lower for several commodities. The Perth-headquartered group, which operates in Australia and... 

Demand growth for some metals may exceed 1 000% – World Bank

By: Martin Creamer     18th July 2017 A new World Bank report highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals, including Southern Africa's platinum, manganese and chrome. Using wind and solar energy, and energy storage batteries, as... 

Rio Tinto cuts iron-ore and coal guidance

By: Esmarie Swanepoel     18th July 2017 Diversified major Rio Tinto has revised its full year production guidance for iron-ore and coal, as rail maintenance in the Pilbara and Cyclone Debbie in Queensland, took their toll. During the three months to June, Rio Tinto produced 79.8-million tonnes of iron-ore from its Pilbara operations... 

Guinea to host alumina-bauxite symposium in September

By: Ilan Solomons     14th July 2017 The International Bauxite, Alumina and Aluminium Society (IBAAS), in association with geological services provider Camen Resources, will host the sixth edition of the International Bauxite-Alumina Symposium on September 21 and 22 in Conakry, Guinea. The conference will be held in Africa for the... 

Nersa calls for comment on special pricing deal to unlock ferrosilicon production 

By: Terence Creamer     4th July 2017 The National Energy Regulator of South Africa (Nersa) is calling for written comments on an application by Eskom to implement a two-year incentive pricing package that will enable the restart of ferrosilicon production in the Limpopo and Mpumalanga provinces. The regulator turned down an earlier... 

India pushes coal miners, power producers to roll out renewable energy projects

By: Ajoy K Das     30th June 2017 Overlooking apparent contradictions, India is pushing government-owned mining companies, including coal, thermal power producers and mineral processors to commit to more renewable energy projects. “It is a little bit of a contradiction, but I have to keep the coal industry going while ensuring... 

Moz benefiting from mining-sector exports, coal now dominant mineral

By: Keith Campbell     30th June 2017 Montepuez Ruby Mining (Montepuez) has announced that it achieved revenues of $54.8-million from its latest ruby auction, in Singapore. Montepuez mines rubies and corundum in the Montepuez district of Mozambique’s Cabo Delgado province. The company is 75%-owned by UK enterprise Gemfields and 25%-... 

Passive treatment may hold key to tackling AMD challenge – geoscientist

By: Ilan Solomons     30th June 2017 Abandoned coal mines have contributed to the generation of acid mine drainage (AMD) in South Africa, states Council for Geoscience (CGS) environmental geoscientist Gloria Dube. She elaborates that AMD is characterised by lowered pH of less than 4, high sulphate concentrations and high acidity... 

Aluminium giants stop short of backing Trump import crackdown

By: Bloomberg     23rd June 2017 As the calls for restrictions on cheap Chinese imports reach a fever pitch in Washington, some of the biggest North American aluminium producers are advocating a softer touch. Alcoa Corp. urged the US to directly engage with China to ensure overproduction no longer spills out to the rest of the... 

South32 awards R158m coal contract to 100% black-owned mining firm 

By: Martin Creamer     22nd June 2017 Diversified mining company South32 has awarded a three-year, R158-million contract at the Wolvekrans Middelburg Complex to 100% black-owned Modi Mining, which aims to source up to 90% of its labour from the nearby communities. The award marks an advance on the ASX- and JSE-listed company’s plans... 

Slow, bumpy market recovery on the cards for most commodities

By: Henry Lazenby     22nd June 2017 The global commodity market is probably in for a slow, drawn-out recovery following the five-year bear market, S&P Global Market Intelligence director for reports on the metals and mining sectors Dr Chris Hinde said during a webcast on Wednesday. According to S&P’s ‘State of the Market’ report,... 

Chinese production, capacity cuts needed to rebalance aluminium market

By: Henry Lazenby     17th June 2017 New analysis by Bank of America Merrill Lynch’s (BofAML’s) Global Commodity Research team sees no alternative but for China to cut back production (temporary) and capacity (permanent) to rebalance the global market. While aluminium has been the best performing base metal since the start of the... 

Pumps companies among winners at awards ceremony

     16th June 2017 Family-owned, Centurion-based pumps manufacturer Hazelton Pumps has walked away with the Most Innovative Award and the Best Customer Service of the Year Award – as it did in 2015 – at the third annual Steel and Engineering Industries Federation of Southern Africa (Seifsa) Awards for Excellence.... 

Immediate Moz mining outlook remains challenging – consultant

By: Nadine James     9th June 2017 Unless there is a definitive turn in the commodity cycle, coupled with stronger global growth, the challenging short-term outlook for the Mozambique mining industry will not change, states commodities consultancy Core Consultants and its partner, business consultancy Core Africa. Both agree,... 

M&A activity was robust in first quarter as China continues to be key driver – EY

By: Dylan Slater     9th June 2017 During the first quarter of the year, the aggregate value of mergers and acquisitions was robust, buoyed by China’s continuing to be a key driver in terms of deal value, says professional services firm EY.  

Mine tailings recovery can be value generator, says Council for Geoscience

By: Ilan Solomons     9th June 2017 Mine tailings have been identified as a major source of environmental impact for many mining operations and more stringent requirements have been placed on the management of these tailings. An aspect which is often overlooked in the life cycle of sustainable mine residues management is that mine... 

Owner of $1bn cobalt project says rally is far from over

By: Bloomberg     5th June 2017 Tight cobalt supplies will keep boosting the price of one of this year’s hottest commodities, according to Eurasian Resources Group, which is developing an almost $1-billion project in the Democratic Republic of Congo (DRC). Cobalt jumped 71% this year on surging demand for the metal used in... 

Polyus launches secondary share offer in London, Moscow

By: Reuters     5th June 2017 Russia's top gold producer Polyus will offer new and existing shares in a secondary share offering in both London and Moscow, it said on Monday, in a deal that will test investor appetite for Russian assets. 

Trump 'has a point' on China's cheap aluminium, Glencore CEO says

By: Bloomberg     2nd June 2017 Donald Trump “has a point” in criticising China’s trade in aluminium and steel as cheap power has effectively been a subsidy to Chinese producers, said Glencore chief Ivan Glasenberg. Trump should be pragmatic in dealing with China, given that it imports a lot of US goods, said Glasenberg... 

Current players on Zambian Copperbelt to draw further investors

By: Nica Schreuder     2nd June 2017 Investments from strong mining companies create the possibility of attracting more foreign investment to the Zambian Copperbelt region, stresses research firm BMI Research, adding that these companies’ investments are paving the way for solidifying Zambian economic stability, subsequently... 

Greater demand expected for larger capacity hoists

By: Robyn Wilkinson     2nd June 2017 Lifting equipment supplier CMCO Material Handling is preparing for increased demand for its Yale ERGO 360 ratchet lever hoist when the full range of the equipment arrives in South Africa this month, meeting the evolving needs of the mining industry. 

Hoists to improve pump installation, maintenance at Limpopo mine

     2nd June 2017 Mining system solutions provider Becker Mining South Africa has secured an order for two 10 t electric chain hoists with motorised trolleys from equipment supplier Klevan Mining – Becker Mining’s distributor in Limpopo. 

India’s Nalco to open new bauxite deposit at its existing mines

By: Ajoy K Das     31st May 2017 Hit by delays in securing a new mine, integrated aluminium producer, National Aluminium Company Limited (Nalco), has started the process to open a new bauxite deposit near its existing Panchpatmali mines in Odisha. The opening up of the new deposit along the south face of its existing mining... 

Metro signs LoI with Chinese offtaker

By: Esmarie Swanepoel     30th May 2017 Bauxite developer Metro Mining has signed a non-binding letter of intent (LoI) with Chinese chemicals group Shandong Aluminium Company (Lubei) for the supply of up to one-million tonnes a year of bauxite, over a three-year period, from the Bauxite Hills mine, in Queensland. The supply agreement... 

Scoping study on Dakota’s Portugal project nearing completion

By: Mariaan Webb     29th May 2017 Lithium explorer Dakota Minerals has received the results of metallurgical test work on material from its Sepeda petalite project, in Portugal, paving the way for the completion of a scoping study in the next two weeks. Dakota Minerals, which trades on the ASX and Frankfurt Stock Exchange,... 

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