R/€ = 14.55 Change: 0.02
R/$ = 12.50 Change: 0.01
Au 1301.61 $/oz Change: -2.13
Pt 901.50 $/oz Change: -9.36


Norway postpones decision on carbon capture plant, drops Yara

By: Reuters     15th May 2018 Norway postponed a final decision on whether to go ahead with a project to develop Europe's first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, Yara International . The government said on Tuesday that fertiliser maker Yara's site, one of... 

Aluminium maker Hydro to miss cost cutting target amid Brazil woes

By: Reuters     25th April 2018 Norwegian aluminium-maker Norsk Hydro will miss its 2018 cost-cutting target as its troubled Brazilian operation continues to work at reduced capacity following a spill in February from a major plant, it said on Wednesday. A regulatory order to cut output from Hydro's Alunorte, the world's... 

Norway's Hydro notifies Rusal of possible force majeure

By: Reuters     20th April 2018 Aluminium maker Norsk Hydro may declare a force majeure on contracts it has with Russia's United Company Rusal due to recently imposed US sanctions, the Norwegian company said on Friday. "Hydro has notified Rusal it may be necessary to declare force majeure on certain contracts, as the company... 

Hydro denies Brazil alumina plant contaminated local environment

By: Reuters     10th April 2018 Aluminium producer Norsk Hydro denied on Monday its Alunorte alumina refinery in Brazil had contaminated local waters, contradicting the findings of a Brazilian public health group. Citing an internal study and a report commissioned from green consultancy SGW Services, Hydro said no evidence was... 

Norway unions, employers agree wage deal, averting strike

By: Reuters     9th April 2018 Norway's private-sector trade unions reached a deal on Sunday with employers over wages, pensions and other compensation, averting the outbreak of major strikes, a state-appointed mediator said after five days of negotiations. Almost 35 000 employees had been scheduled to go on strike if no... 

Hydro to start shutdown of Brazil alumina lines by mid-April – sources

By: Reuters     28th March 2018 The Alunorte refinery in northern Brazil, owned by Norway's Norsk Hydro, will start shutting down half of its alumina capacity in the next two weeks to preserve equipment, two people familiar with the matter said on Tuesday. The world's largest alumina refinery, situated in Brazil's Amazon... 

Alunorte refinery needs to return to full output soon – Hydro

By: Reuters     27th March 2018 Aluminium producer Norsk Hydro needs to return soon to full output at its Alunorte alumina refinery in Brazil to avoid shutting down production lines completely, it said on Tuesday. Last month Brazilian authorities ordered Hydro to temporarily halve its output from the plant after they said a... 

Norsk Hydro sees limited effect from US aluminium tariffs

By: Reuters     23rd March 2018 Norwegian aluminum-maker Norsk Hydro on Friday said the new US toll barriers on aluminium would have a very limited direct effect on the firm. "From a Norwegian perspective, this will have a very limited effect on us", said Hydro spokesman Halvor Molland, adding that Hydro had "some exports" to... 

Norsk Hydro CEO says securing alumina to replace Alunorte output is priority

By: Reuters     16th March 2018 Norsk Hydro Asa sees securing alternative sources of alumina to replace reduced supplies at its Brazilian plant as a priority, CE Svein Richard Brandtzaeg told Reuters. Brazilian authorities ordered Norsk Hydro's Alunorte plant, the world's largest alumina plant, to cut output by half in late... 

Norway's Hydro reveals additional spills from Brazil plant

By: Reuters     13th March 2018 A Norsk Hydro plant's spill of waste water in Brazil last month was more extensive than previously reported, and the company still lacks overview of the situation, it said on Tuesday. Authorities in late February ordered Alunorte, the world's largest alumina refinery, to cut output in half... 

Hydro says no time set for restart of Brazil's Alunorte plant

By: Reuters     7th March 2018 Norwegian aluminium maker Hydro is still unable to set a date for the restart of production at Brazil's Alunorte alumina refinery, the world's largest, the company said on Wednesday. The plant, a key supplier to Hydro's aluminium smelters, was ordered to halve production last week over fear of... 

Norway's Hydro told to cut output at Brazil alumina plant

By: Reuters     27th February 2018 Norwegian aluminium maker Norsk Hydro has been told by a Brazilian regulator to cut output from its Alunorte alumina refinery by 50 percent until it complies with an order to safeguard the environment, the company said. The cutbacks follow recent claims by Brazilian federal and state prosecutors... 

Unions fear Norway export drive will end era of cheapest power

By: Bloomberg     30th January 2018 Norway’s vast resources of Europe’s cheapest and greenest electricity has helped its energy-intensive industry gain an edge and produce everything from aluminium to chemicals and tankers. But now the nation’s powerful unions are objecting to plans by grid managers and utilities to get in on the... 

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... 

Electronic waste at new high, squandering gold, other metals – study

By: Reuters     14th December 2017 Electronic waste rose to a record 45-million tonnes worldwide in 2016, squandering valuable metals such as gold and copper since few trashed televisions, cellphones or other products get recycled, a UN-backed study showed on Wednesday. Rising incomes and falling prices for everything from solar... 

Here's one commodity rally that may end up being short-lived

By: Bloomberg     27th September 2017 Is it finally time to get excited about nitrogen fertiliser? Since the end of June, prices for the world’s most commonly used crop nutrient have soared 60 percent in the US – rebounding from the lowest levels in more than a decade. There have been similar moves in Brazil, India and the Middle... 

Ethiopia mulls new potash partner as failed deal is arbitrated

By: Bloomberg     14th September 2017 Ethiopia is considering finding a new partner to develop a potash mine abandoned last year by Israel Chemicals, which has sought compensation at an arbitration court after accusing the government of failing to support the project. Several companies are interested in developing potash deposits in... 

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... 

Coal traders see end of price rally as China ramps up output

By: Bloomberg     22nd December 2016 Coal’s recovery was one of the biggest surprises in commodities this year, but it is all poised to end as output rises from China, producer of half the world’s supply. After half a decade of declines, European prices rebounded more than 80% as China, also the world’s biggest consumer of the... 

Producer has positive platinum outlook

By: Simon Sonnekus     19th August 2016 Platinum-group metals (PGMs) remain a positive investment, as there is improved sentiment in the platinum market, and platinum exchange-traded fund (ETF) prices remained stable in the first half of 2016, states PGMs mining company Anglo American Platinum (Amplats). The company held its interim... 

Australia-owned iron-ore mine in Norway files for bankruptcy

By: Reuters     18th November 2015 The Norwegian mining subsidiary of Australia's Northern Iron will file for bankruptcy on Wednesday as its $100-million debt has become unsustainable, Northern Iron told a new conference on Wednesday. Attempts to find new investors for the Sydvaranger Gruve AS mining firm, which has close to 400... 

African geoscience promoted through field trips in 2016

By: Pimani Baloyi     29th November 2013 The upcoming thirty-fifth International Geological Congress’s (IGC’s) local organising committee (LOC) has planned various field trips throughout South Africa and Africa as part of the seven-day conference, which will take place from August 27 to September 4, 2016, at the Cape Town International... 

SA delegates to attend explosion-prevention meeting in Denmark

By: Zandile Mavuso     5th October 2012 The South African Flameproofing Association (Safa) sent three delegates to attend the International Electrotechnical Commission’s (IEC) annual general meeting (AGM) this month, as new international explosion-prevention standards are being promulgated. 

Mexico gold output seen topping 100 t/y by ’17 on hefty new discoveries

By: Henry Lazenby     11th May 2012 Better known as the world’s biggest silver producer, Mexico may soon deliver the next ‘mega’ gold deposits, with explorers Newstrike Capital and Westridge Resources reporting significant resources at their targets. The North American state is currently the tenth-largest gold-producing country... 

Northland raises $40m inflation buffer for Swedish project

By: Matthew Hill     3rd May 2012 Northland Resources, building an iron-ore mine in Sweden, said on Thursday it signed a $40-million cost over-run loan with South Africa’s Standard Bank. The TSX- and Oslo-listed company aims to start producing the steelmaking ingredient at its Kaunisvaara project in the north of the country at... 


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