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Aluminium News

China calls for better reporting of mineral reserves for energy security

By: Reuters     15th September 2021 China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security. The Ministry of Natural Resources urged provinces,... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

Aluminum powers toward $3 000 as supply snarl supercharges rally

By: Bloomberg     13th September 2021 Aluminum powered toward $3 000 a ton amid expectations that supply disruptions are here to stay, while demand keeps rising. The metal notched yet another 13-year high on Monday after rising 15% over the last three weeks. Chinese output is down amid drives to reduce emissions and conserve power,... 

An image of rolls of aluminium.

Guinea mining exploration firms seek to reassure investors after coup

By: Reuters     7th September 2021 Australian-listed bauxite and gold exploration firms Lindian Resources and Polymetals Resources said on Tuesday that their activities in Guinea were unaffected by a coup. The overthrow of President Alpha Conde triggered concerns about supplies of bauxite, or aluminium ore, from Guinea, the... 

Guinea bauxite prices rise on political turmoil

By: Reuters     6th September 2021 Prices for aluminium ore bauxite from Guinea hit their highest in almost 18 months in top metals consumer China on Monday, as buyers fretted about supply after a coup in the West African country. Guinea is the world's second-biggest producer of the raw material, which is refined into alumina, a... 

A ship carrying bauxite from Guinea is unloaded at a port.
A ship carrying bauxite from Guinea is unloaded at a port.

Military unit seizes power in Guinea, dissolves constitution

By: Bloomberg     6th September 2021 A group of soldiers seized power in Guinea and dissolved the nation’s constitution, according to a statement broadcast on state television. The announcement came hours after heavy gunfire erupted near the presidential palace in the capital, Conakry, earlier on Sunday morning. Agence France-Presse... 

Supplier keeps up with tech revolution

By: Halima Frost     3rd September 2021 Based on its BlueTechnology philosophy, metallurgical industry supplier SMS group has significantly broadened its expertise in processing, supplies and services for nonferrous metals production over the past year to meet the highest requirements of customers. “BlueTechnology in nonferrous metals... 

Three BlueSmelters supplied by SMS group in operation at Aurus automobile company in Russia for recycling of waste electrical and electronic equipment
BLUE GROUP SMS group has implemented its range of BlueTechnology offerings at a greenfield plant in Russia for the recycling of waste electrical and electronic equipment

China’s conflicting climate and economic goals roil commodities

By: Bloomberg     2nd September 2021 China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity markets. The world’s biggest consumer of raw materials, and a major producer of some of them, is... 

China’s conflicting climate and economic goals roil commodities

China completes latest metal auctions as Xi urges better reserves system

By: Reuters     1st September 2021 China released another 150 000 t of state metal inventories to the market on Wednesday, its reserves administration said, completing a third round of auctions so far this year as it aims to ease the pressure of high commodity prices on businesses. The sales, which began in early July, are the... 

An image of China President Xi Jinping
President Xi Jinping has called for China to better manage its state reserves system.

EV push sees spike in 'ínfluencer conversations' about the issues - GlobalData

By: Tasneem Bulbulia     1st September 2021 As several countries have committed to bringing in cleaner fuelled cars in a bid to reduce dependency on fossil fuels, the demand for electric vehicles (EVs) is quickly gaining traction in automotive markets around the world. This shift towards electrification is also propelling mining and power... 

Aluminium hurtles toward decade high as supply concerns mount

By: Bloomberg     31st August 2021 Aluminium rose for a seventh day -- to near the highest in a decade -- as deepening Chinese output cuts raised fears of a supply shortfall. The southwestern Chinese province of Guangxi, a major metals producer, will cut output of energy-intensive materials including aluminum, according to people... 

Real-time ore analysis set for African market

By: Halima Frost     27th August 2021 Digital mining solutions provider MineSense is establishing offices in Africa and Europe to introduce its real-time ore analysis technologies to the African Copperbelt by the fourth quarter. “Once we have successfully introduced the technology to the upper Africa region, we intend on filtering... 

An image of a large red tracked front loader at the mine face with bucket full of ore ready to be graded by a ShovelSense system
Caption: GRADE EXPECTATIONS The new ShovelSense ore grading technology is expected to reach African shores before the end of the year

Testing facility expansion under way

27th August 2021 Swiss multinational metals and minerals trade commodities group SGS has seen a rising demand for testing services to meet client requirements and, to facilitate the needs of its clients, it announced the construction of its new, state-of-the-art laboratory in April this year. 

Staff at SGS Group standing in front of a site being constructed at its better testing facility in Spijkenisse near the Port of Rotterdam
BREAKING GROUND The new groundbreaking state-of -the-art facility being built by SGS Group will allow for better testing

Aluminium near three-year high as disruptions tighten market

By: Bloomberg     25th August 2021 Aluminum traded near the highest level in more than three years as supply disruptions tightened the market. The metal has surged 32% this year, second only to tin among the six base metals traded on the London Metal Exchange, propelled by a global economic recovery that’s expected to fuel... 

An image showing stacks of aluminium.

Rio and Sumitomo join forces on hydrogen study

By: Esmarie Iannucci     24th August 2021 Mining major Rio Tinto and Sumitomo will jointly study the construction of a hydrogen pilot plant at Rio’s Yarwun alumina refinery, in Gladstone, and explore the potential use of hydrogen at the refinery. Rio said on Tuesday that if the Yarwun hydrogen project proceeded, the pilot plant would... 

Image depicts hydrogen storage units and wind turbines

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South32 posts higher manganese, aluminium output from South African operations 

By: Marleny Arnoldi     19th August 2021 Diversified miner South32 has posted a 21% year-on-year increase in manganese output from its South African mines to 2.26-million tonnes for the year ended June 30. The JSE-, ASX- and LSE-listed miner has a 44% interest in two manganese mines – Mamatwan and Wessels – in South Africa, based in... 

Hillside Aluminium, in Richards Bay
Hillside Aluminium, in Richards Bay

South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president  

By: Martin Creamer     17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... 

An image of new SAIMM president Isabel Geldenhuys
South African Institute of Mining and Metallurgy president Isabel Geldenhuys interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Record high aluminium prices likely to spur destocking

By: Reuters     16th August 2021 Record aluminium prices in the United States and Europe will be sustained by Russia's mining tax for some months, but attempts to push prices even higher are likely to face headwinds from traders cashing in their stocks, analysts said. Russia has imposed a 15% tax or a minimum of $254/t on... 

An image of an aluminium smelter operating.

Company’s products adhere to global standards

By: Khutso Maphatsoe     13th August 2021 Metals supplier Non-Ferrous Metal Works (NFMW) manufactures semi-fabricated copper and brass extruded shapes that comply with international chemistry, physical tolerances and the mechanical characteristics of end-products. All products are graded according to ISO 9001 quality assurance standards,... 

An image of manufactured copper product at South African metals supplier Non-Ferrous Metal Works' premises
DIFFERENT SHAPES AND SIZES A full range of copper and alloys is manufactured by the company’s extruding production unit and supplied in semi-fabricated form to local and international destinations

Friendly South African face could quickly attract exploration investment – Bristow 

By: Martin Creamer     11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... 

A picture of Mark Bristow, taken from quarterly Barrick presentation on August 9, 2021
Photo by Creamer Media
Barrick president and CE Dr Mark Bristow.

Parliament backs ARENA's new mandate

By: Esmarie Iannucci     5th August 2021 The federal Parliament has supported reforms to the Australian Renewable Energy Agency (ARENA) to support the next generation of low emissions technologies. Under an expanded remit, ARENA is now able to support a broader range of technologies to advance the priorities of the government’s... 

Australia resource exports deliver new record

By: Esmarie Iannucci     5th August 2021 The Australian Bureau of Statistics (ABS) on Thursday announced a trade surplus of A$10.4-billion in June, up A$1.2-billion on the surplus recorded for May, while the resources sector has set new records for total export value and a range of mineral commodities in the 2020/21 financial year.... 

Image depicts a ship loading ore at the Port of Port Hedland

Soaring aluminum drives up cost of everything from beer to foil

By: Bloomberg     3rd August 2021 For consumers and economists hoping commodities inflation will soon subside, the aluminum market delivered some discouraging news on Monday. The world’s second-largest brewer, Heineken, said the rising costs of freight and the metal used in beer cans will have a “material effect” on profit next... 

Russia mulls pegging tax on mining firms to global metals prices - Interfax

By: Reuters     30th July 2021 Russia is considering pegging a mineral extraction tax (MET) levied on its metals producers to the global price of their products from 2022, the Interfax news agency reported on Friday, citing Deputy Finance Minister Alexei Sazanov. Moscow has been trying to protect its defence and construction... 

Gupta pays $25m to end long-running spat with Rio Tinto

By: Bloomberg     30th July 2021 Sanjeev Gupta has paid $25-million to Rio Tinto Group to settle a long-running dispute over the final payment for an aluminum smelter he bought from the mining giant in 2018. The deal was disclosed in the financial accounts of one of Gupta’s holding companies for the smelter, which stated that a... 

An image of Sanjeev Gupta
Sanjeev Gupta

Rio Tinto cuts Kitimat smelter output to 35% amid strike

By: Mariaan Webb     27th July 2021 Diversified major Rio Tinto has reduced production at its BC Works aluminium smelter, in Kitimat, Canada, owing to a strike initiated by the Unifor Local 2301 union. The union workers began their strike at midnight on Sunday, having issued Rio Tinto a 72-hour strike notice after weeks of... 

An image of aluminium smelter works in BC, Canada.

Canadian union Unifor starts strike at Rio Tinto operations

By: Reuters     26th July 2021 Canadian union Unifor said on Sunday about 900 workers had started strike action at global miner Rio Tinto's operations in the western Canadian province of British Columbia. Unifor issued a 72-hour strike notice on Wednesday after nearly seven weeks of unproductive talks over proposed changes to... 

Canadian union Unifor starts strike at Rio Tinto operations

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

South32 secures power for Hillside, weighs green options  

By: Esmarie Iannucci     23rd July 2021 Diversified miner South32 has finalised an energy supply agreement for its Hillside aluminium smelter, in South Africa. The miner on Friday said that the National Energy Regulator of South Africa had approved the long-term energy supply agreement between Hillside and national energy provider... 

An aerial view of South32's Hillside aluminium operation in South Africa

Canadian union Unifor gives Rio Tinto 72-hour strike notice

By: Reuters     22nd July 2021 Canadian union Unifor said on Wednesday miner Rio Tinto has been served with a 72-hour strike notice after nearly seven weeks of unproductive negotiations over proposed changes to workers' retirement income and benefit levels. The union said it is seeking better retirement security for younger... 

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Well-known mining personalities behind new green metals SPAC

By: Mariaan Webb     15th July 2021 Former executives of Canadian miner Detour Gold have teamed up with some of the biggest names in Australian mining and a Glencore director to launch a special purpose acquisition company (SPAC) targeting assets fitting the green-economy metals and mining profile. Increasingly popular, SPACs are... 

Photo of a man, Mick McMullen, speaking at a function.
Mick McMullen, former executive at Detour Gold and Stillwater, is the CEO of Metals Acquisition.

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

EU, Ukraine sign preliminary deal on key raw materials, batteries

By: Reuters     13th July 2021 The European Union and Ukraine signed on Tuesday a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the Covid-19 pandemic. The move is part of the European Commission's Action Plan... 

China to sell more metals from reserves to ensure stable prices

By: Bloomberg     7th July 2021 China, the world’s top commodities consumer, pledged to release more base metals from its state reserves after completing a first batch of sales in its latest effort to rein in surging raw material costs. More sales will be arranged in the near term to ensure market stability, the National Food... 

A worker stands on bundles of aluminum ingots at a China National Materials Storage and Transportation Corp. stockyard in Wuxi, China.
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