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Aluminium News

Canada invests in Alcoa aluminium plant upgrades

By: Creamer Media Reporter      19th June 2019 The government of Canada has made a C$10-million investment in an C$85-million project that will support 520 jobs at aluminium giant Alcoa’s Deschambault-Grondines plant, in Quebec. The investment would help Deschambault-Grondines to innovate by acquiring new technology that will help it... 

Indian aluminium producers seek protection measures

By: Ajoy K Das     18th June 2019 Ahead of India’s national Budget to be presented before Parliament next month, aluminium producers are seeking a slew of protection measures. Aluminium Association of India is seeking an increase in import duty on finished aluminium from 10% to 12.5%, considering that the domestic industry was... 

LME electronic pricing trial fails to boost volumes - sources

By: Reuters     18th June 2019 The London Metal Exchange's (LME's) three-month trial of switching to electronic closing prices for one of its benchmark base metal contracts has failed to lift volumes, industry sources said, lending further support to traditional open outcry trading. The trial, which moved nickel from the ring... 

London Metal Exchange slaps alcohol ban on open outcry traders

By: Reuters     14th June 2019 The London Metal Exchange has banned open outcry traders from consuming alcohol during the day, it said on Friday, joining other London firms in halting a culture of boozy lunches. In the past, LME traders, along with many other financial service workers, had a culture of heading to the pub at... 

South Africa should go all out with platinum and manganese to be in best of two decarbonising worlds 

By: Martin Creamer     10th June 2019 South Africa, which has a wonderful platinum group metals (PGMs) endowment and an abundance of high-quality manganese ore, should go all out to be in the best of two new carbon-reducing technology worlds. On the one hand, it should do all it can to be in the world of hydrogen with the help of... 

South Africa should go all out with platinum and manganese to be in best of two decarbonising worlds
Photo by Toyota/Anglo American
A fuel cell electric vehicle requires platinum

Minerals processing company sees growth opportunity in Moz

By: Jessica Oosthuizen     7th June 2019 Minerals processing specialist Multotec boasts an entrenched presence in Mozambique, having operated in the country’s mining sector for more than 15 years, and Multotec Mozambique regional manager Thinus Kruger tells Mining Weekly that there is potential for the company to grow further. Multotec... 

Minerals processing company sees growth opportunity in Moz
Photo by Creamer Media's Dylan Slater
KRIS VERGOTE Multotec supports its products and regularly communicates with and visits clients

Manganese poised to make its mark as EV metal  

By: Martin Creamer     5th June 2019 Manganese could make its mark in the battery electric vehicle (EV) arena by displacing cobalt to a large extent in many of the cathode formulations, where the bulk of battery metals are used. The Junior Indaba heard on Wednesday that manganese, which South Africa hosts in abundance, is in a race... 

Manganese poised to make its mark as EV metal
Junior Indaba strategic metals discussion covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Australia says its aluminium exports to US are fair after report Trump considered tariffs

By: Reuters     3rd June 2019 Australian Prime Minister Scott Morrison on Monday said aluminium exporters are complying with the terms of a deal with the United States after the New York Times reported President Donald Trump had considered imposing tariffs on Canberra. The New York Times, citing unidentified sources, said... 

Australia says its aluminium exports to US are fair after report Trump considered tariffs
Australia Prime Minister Scott Morrison

Independent power producer association hails Mantashe's appointment

By: Martin Creamer     31st May 2019 The appointment of Gwede Mantashe as the Minister of Mineral Resources and Energy has been welcomed by the South African Independent Power Producer Association (SAIPPA), which described as “massive” the challenges he, Deputy Mineral Resources and Energy Minister Bavelile Hlongwa and the rest of... 

FYI nearing completion of pilot plant

By: Esmarie Iannucci     21st May 2019 The share price of junior FYI Resources was bumped by more than 5% on Tuesday on news that the company high purity alumina (HPA) plant, in Western Australia, was nearing first production. “The pilot plant is another key element for our disciplined HPA strategy that will ensure the Cadoux kaolin... 

Canada vows 'full steam ahead' on ratifying trade pact after US lifts metals tariffs

By: Reuters     20th May 2019 Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. US President Donald Trump had imposed the global "Section 232" tariffs of 25% on steel... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

LME appoints first female chairperson in its history

By: Reuters     10th May 2019 The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans – the first female chairperson in its 142-year history. Evans, who is also on the board of Itau BBA International and has previously worked at Citi, Barclays Capital and the UK's... 

Norsk Hydro's new CEO takes the helm pledging deeper cost cuts

By: Bloomberg     10th May 2019 Norsk Hydro needs to extend its cost cutting after a production halt in Brazil erased the benefits of previous cuts, according to its new CEO. “We’ve been heavily affected by the Brazil situation,” Hilde Merete Aasheim, who started as CEO on Wednesday, said in an interview in Oslo. “The effect... 

Norsk Hydro's new CEO takes the helm pledging deeper cost cuts
Hilde Merete Aasheim

Micromine software upgraded to increase performance

By: Thabi Madiba     10th May 2019 Following the positive effect of current worldwide exploration on the demand for mining software solutions specialist MICROMINE’s products, the company will release the latest version of its three-dimensional (3D) modelling and mine design software, Micromine 2020, in the last quarter of this... 

Micromine software  upgraded to  increase performance
IMPROVED PERFORMANCE The upgraded Micromine 2020 offers enhancements to implicit modelling and pit optimiser modules

King River produces HPA at Speewah

By: Esmarie Iannucci     9th May 2019 The share price of ASX-listed King River Resources increased by nearly 14% on Thursday as the company announced plans to broaden its product offering from the Speewah speciality metals project, in Western Australia. The announcement comes after the successful production of high purity alumina... 

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

NASA says aluminum fraud caused $700m satellite failures

By: Bloomberg     1st May 2019 Faulty materials supplied by a unit of Norsk Hydro ASA, one of the world’s top aluminum producers, led to more than $700 million of losses in two failed NASA satellite launch missions, according to an investigation by the space agency. NASA’s Orbiting Carbon Observatory mission in 2009 and Glory... 

Russia's Rusal first-quarter value-added product sales down 44% on US sanctions

By: Reuters     30th April 2019 Russian aluminium producer United Company Rusal has reduced its first-quarter sales of value added products (VAP) by 44% from a year ago and by 22% from the last quarter of 2018 because of sanctions by the US. Washington imposed the sanctions on Rusal, the world's largest aluminium producer... 

Nalco spat over surplus alumina sale to Vedanta reaches apex court

By: Ajoy K Das     26th April 2019 Indian State-run integrated aluminium producer National Aluminium Company Limited (Nalco) has appealed to the Supreme Court seeking to prevent rival Vedanta Limited from participating in tenders for the sale of surplus alumina. Nalco has maintained that it would not register Vedanta as a bidder... 

Consulting engineers face volatility, lack of opportunities

By: Jessica Oosthuizen     26th April 2019 The volatility of the local mining industry, particularly in terms of Mining Charter III, coupled with political uncertainty and unstable power supply, is directly impacting on consulting engineers servicing the industry, says multidisciplinary engineering company GIBB Mining MD Alan Wingrove.... 

Consulting engineers  face volatility, lack  of opportunities
Photo by Bloomberg
SAFETY FIRST From a consulting engineering and project management point of view, mine safety is a key focus area and a business imperative

Global Witness welcomes LME’s new responsible sourcing rules 

By: Marleny Arnoldi     23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... 

Global Witness welcomes LME’s new responsible sourcing rules

LME ready to address flaws in its metal storage rules

By: Reuters     18th April 2019 The London Metal Exchange is poised to deal with a loophole in its warehousing rules, exposed after commodity trader Glencore bought large amounts of aluminium earlier this year, sources familiar with the matter said. But the exchange will have to wait until a complaint lodged by Glencore with... 

With sanctions lifted, Rusal to invest in US aluminum mill

By: Bloomberg     16th April 2019 Just months after being freed from US sanctions, Russia’s largest aluminum maker plans to invest in a new aluminum rolling mill in Kentucky. United Co. Rusal, controlled by billionaire Oleg Deripaska until the US Treasury forced him to reduce his stake earlier this year, intends to invest up to... 

West African mining rising steadily

By: Mamaili Mamaila     12th April 2019 Mining activity in West Africa is increasing and this trend is likely to continue. New mines have been established in Mali over the past few years, as well as in countries, such as Liberia, which are not traditionally associated with mining, says engineering consulting company SRK Consulting... 

West African mining  rising steadily
JOHN KWOFIE West Africans are expressing their right to benefit from mining activities taking place in their own backyard

Mnuchin says Deripaska and family are minority Rusal owners

By: Bloomberg     10th April 2019 Treasury Secretary Steven Mnuchin said that Russian billionaire Oleg Deripaska and his family together own less than a majority of shares in United Co. Rusal, the world’s second-largest aluminum producer, after a settlement to get the company out from under US sanctions. The deal left Deripaska... 

Norsk Hydro has April 12 court hearing on partly shut Brazil plant

By: Reuters     5th April 2019 A Brazilian federal court has scheduled an April 12 hearing on the year-long production embargo at Norsk Hydro's Alunorte alumina refinery in Brazil, the Norwegian company said on Friday. The plant has operated at half of its capacity since February 2018 after a spill that led regulators and... 

Rio Tinto and Alcoa plan R&D facility in Quebec

By: Esmarie Iannucci     3rd April 2019 An aluminium joint venture (JV) between majors Rio Tinto and Alcoa has flagged a site for a new research and development facility in the Saguenay–Lac-Saint-Jean region in Québec. The Elysis JV is working to commercialise a breakthrough technology that eliminates all direct greenhouse gases from... 

Hydro's Norwegian aluminium plant faces months to fully restore output

By: Reuters     2nd April 2019 Norsk Hydro may take months to return its Karmoey aluminium plant in western Norway to full capacity following a power outage that cut production by about 10%, the company said on Tuesday. Hydro on Monday switched off 45 of the 288 aluminium cells at the plant's main production line,... 

Chalco leapfrogs Rusal as second-biggest listed aluminium producer

By: Reuters     29th March 2019 China's Chalco said on Friday it boosted annual aluminium output by 16% in 2018, putting it ahead of Russia's Rusal as the world's second-biggest publicly traded producer of the metal. The increase underscores China's growing dominance of the global aluminium market, as the world's biggest... 

Norsk Hydro, Brazil prosecutor agree steps that could lead to Alunorte's full restart

By: Reuters     27th March 2019 Norsk Hydro has agreed with Brazil's federal prosecutor to have a third-party technical assessment that, if positive, could lead to it resuming full production at the half-shut Alunorte alumina refinery, the company said on Tuesday. The refinery, the world's biggest, has been operating at half... 

Potanin plans talks with Rusal over cutting Nornickel payout

By: Bloomberg     27th March 2019 Vladimir Potanin is determined to start talks on cutting dividends at MMC Norilsk Nickel, even though management upheaval at the miner’s other key shareholder United Co. Rusal makes the outcome uncertain. “The company has big plans,” Potanin, Nornickel’s biggest shareholder and CEO, said in an... 

Potanin plans talks with Rusal over cutting Nornickel payout
Vladimir Potanin

LME waives listing fees for cobalt brands for six months

By: Reuters     26th March 2019 The London Metal Exchange (LME) on Tuesday suspended listing fees for new cobalt brands for six months to encourage interest from producers of the element widely used in rechargeable batteries. The LME, the oldest and largest market for industrial metals, launched a cash-settled cobalt contract... 

South32’s Mozal pledges $250 000 to aid Cyclone Idai recovery efforts

By: Tasneem Bulbulia     22nd March 2019 South32’s Mozal Aluminium smelter, which is located in the Mozambique capital Maputo, has pledged a $250 000 donation to support recovery efforts following the devastating impact of Cyclone Idai in the country. Commenting in a statement on Friday, Mozal VP Samuel Samo Gudo said the company had... 

Pure Alumina buys Canadian player

By: Esmarie Iannucci     21st March 2019 ASX-listed Pure Alumina has made a C$25.75-million offer for privately held Polar Sapphire, which would allow the Australian company to fast-track its plans to start the commercial production of a 99.99% high purity alumina (HPA) in 2019. Pure Alumina is offering C$13.75-million worth of company... 

Pure Alumina buys Canadian player

Norsk Hydro is restarting some systems as deliveries seen secure

By: Bloomberg     20th March 2019 Norsk Hydro is restarting some systems in its extrusion and rolled products areas to ensure deliveries to customers after the Norwegian aluminum maker was hit by a massive ransomware cyber attack. The company on Wednesday said it had detected the “root cause” of the attack and was making... 

Climate challenge harder than it seems, JP Morgan executive warns

By: Bloomberg     20th March 2019 The world isn’t cutting carbon emissions anywhere near quickly enough, a senior executive at JP Morgan Asset Management told clients this week – and changing that will require far harder choices than most people realise. In his annual 'Energy Outlook' report, Michael Cembalest, chairperson of... 

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