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Aluminium News

Norsk Hydro's Q4 hit by restricted Brazil output, lowers dividend

By: Reuters     7th February 2019 Norwegian metals producer Norsk Hydro warned it will miss its 2019 savings targets after falling well short of fourth-quarter earnings expectations hit by restricted output in Brazil and higher costs. Underlying operating profit fell 85% to 534-million Norwegian crowns ($62.48-million) versus... 

Lesedi to assist Mozal in its aluminium expansion project

By: Kim Cloete     7th February 2019 South African engineering, procurement and construction (EPC) company Lesedi has recently been awarded a contract to assist South32’s Mozal aluminum plant in its expansion project. The $38-million AP3XLE energy efficiency project was approved in the third quarter of 2017 and started the rollout... 

Sanctions relief for Deripaska's Rusal cheers rival tycoon

By: Bloomberg     31st January 2019 When the US lifted sanctions on United Co. Rusal, the conditions imposed on billionaire Oleg Deripaska provided relief for rival Russian tycoon Vladimir Potanin. The two magnates have waged a decade-long battle for control of Russian mining giant MMC Norilsk Nickel. That feud would appear to be... 

Trump lifts Rusal, EN+ sanctions as Glencore shuffles stake

By: Bloomberg     28th January 2019 The US Treasury Department lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co. Rusal, a move that will provide relief to the global aluminum market. The metal fell in London. Deripaska, an ally of Russian leader Vladimir Putin, will remain under US... 

Trump lifts Rusal, EN+ sanctions as Glencore shuffles stake
Oleg Deripaska

Indian govt pushes for import duty hikes on primary aluminium, scrap

By: Ajoy K Das     24th January 2019 India’s Commerce Ministry is pushing for a hike in alumunium and aluminium scrap import duties in the forthcoming national Budget to offer protection to domestic producers reeling from a sharp spike in inward shipments of the non-ferrous metal. There have been numerous representations from... 

To meet climate goals, world urged to reuse natural resources

By: Reuters     22nd January 2019 More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday. Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass -... 

South32 delivers solid Q2 results; announces leadership shuffle 

By: Esmarie Iannucci     17th January 2019 Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. “We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of... 

South32 delivers solid Q2 results; announces leadership shuffle
Photo by Bloomberg
South32 CEO Graham Kerr

GOP senate backs end to sanctions on firms tied to Putin ally

By: Bloomberg     17th January 2019 The Senate blocked a Democratic bid to force the Treasury Department to keep sanctions on three Russian companies linked to oligarch Oleg Deripaska, as most Republicans backed the Trump administration’s plan to lift the penalties. The 57-42 Senate vote Wednesday was three short of the 60 needed... 

Alcoa beats profit estimates on strength in alumina segment

By: Reuters     17th January 2019 Top US aluminum producer Alcoa Corp beat Wall Street estimates for quarterly profit on Wednesday, buoyed by strength in its alumina segment, but shares slipped after the company did not provide a closely watched profit measure for the full year. The company's shares were down 1.6% in extended... 

Senate advances measure to keep sanctions on Deripaska companies

By: Bloomberg     16th January 2019 The Senate advanced a resolution to block the Treasury Department from lifting sanctions on three Russian companies linked to oligarch Oleg Deripaska, with 11 Republicans aiding Democrats in a rare split with President Donald Trump. The 57-42 vote to take up the measure Tuesday came shortly... 

Norsk Hydro says Alunorte production embargo lifted

By: Reuters     16th January 2019 Norwegian aluminium-maker Norsk Hydro said on Tuesday that Brazil's northern state of Para has lifted a production embargo on its Alunorte alumina refinery, but noted that full production will not resume until a federal court follows suit. The plant is operating at half capacity after admitting... 

Senate democrats will force vote on sanctions of Deripaska firms

By: Bloomberg     14th January 2019 US Senate Minority Leader Chuck Schumer says he will force a vote on a measure to block the Treasury Department’s plans to lift sanctions on three Russian companies linked to oligarch Oleg Deripaska, who is reported to be under scrutiny by Special Counsel Robert Mueller in his probe of Moscow... 

Senate democrats will force vote on sanctions of Deripaska firms
Oleg Deripaska

Mnuchin defends lifting sanctions on firms tied to Putin ally

By: Bloomberg     11th January 2019 Treasury Secretary Steven Mnuchin signaled he won’t back down from plans to lift sanctions on three companies tied to an ally of Russian President Vladimir Putin even as he said the Trump administration would consider delaying the move to accommodate concerns raised by lawmakers. Mnuchin denied... 

Democrats ask for delay in easing sanctions linked to Deripaska

By: Bloomberg     9th January 2019 Seven new Democratic chairmen of House committees demanded Tuesday that Treasury Secretary Steven Mnuchin hold off on the planned easing of sanctions against three companies tied to Russian billionaire Oleg Deripaska. “As the chairs of committees with oversight jurisdiction over the US response... 

Goldman takes hatchet to near-term metals outlook as China sours  

By: Bloomberg     7th January 2019 Goldman Sachs Group chopped back its near-term metals forecasts as China’s economy has “decelerated notably,” while balancing that outlook with a prediction mainland policy makers will respond by stoking expansion in the second half, aiding a revival in copper and aluminum. The bank – which had... 

Apollo Global is said to aim for Arconic deal by mid-January

By: Bloomberg     3rd January 2019 Apollo Global Management LLC is in talks to buy Arconic Inc. for about $22 a share in a deal that could be reached by mid-January, according to people familiar with the matter. The private equity firm and aerospace manufacturer are negotiating a transaction that would protect Apollo from... 

Trump poised to lift Rusal sanctions as Deripaska cuts stake

By: Bloomberg     20th December 2018 The Trump administration is ready to remove sanctions on Russian billionaire Oleg Deripaska’s aluminum company, United Co. Rusal, after reaching an agreement to significantly reduce his ownership stake. Deripaska will remain under US sanctions and his property will remain blocked, but Treasury... 

Trump poised to lift Rusal sanctions as Deripaska cuts stake
Oleg Deripaska

Alcoa cuts more aluminum output in Quebec as labour dispute bites

By: Bloomberg     19th December 2018 Alcoa will further curtail production at a Canadian smelter as the biggest US aluminum producer faces a shortage of workers amid a dispute with unionised workers and the impact of US tariffs on shipments of the metal. The Pittsburgh-based company said it will curtail half of the one operating... 

Alcoa cuts more aluminum output in Quebec as labour dispute bites

After Europe mining stocks' humbling year, five themes for 2019

By: Bloomberg     19th December 2018 It all started so well in 2018 for investors in European metal and mining stocks, but as the year closes out, the sector index is languishing about 25% below its June peak. Fractious trade-war rhetoric between Washington and Beijing, plus growing worries about the state of China’s economy undid... 

After Europe mining stocks' humbling year, five themes for 2019
A bear statue stands outside the Frankfurt Stock Exchange in Frankfurt, Germany.

Rio Tinto wraps up $500m sale of French smelter

By: Creamer Media Reporter      18th December 2018 Diversified major Rio Tinto has completed the sale of its aluminium smelter at Dunkerque, France, to Liberty House for $500-million. Liberty House, which is part of the GFG Alliance (Gupta Family Group), has committed to continuing operations at the smelter and has announced plans for the... 

India’s Nalco lines up $6.33bn expansion projects

By: Ajoy K Das     18th December 2018 Indian State-run National Aluminium Company (Nalco) has lined up $3.52-billion investments on brownfield expansion and another estimated $2.81-billion on greenfield projects over the next few years. According to Nalco chairperson, T K Chand, the company is expecting to close the current... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Alcoa signs up more gas in WA

By: Esmarie Iannucci     12th December 2018 Aluminium major Alcoa has secured three new gas supply agreements that would supply 25% of the company’s Western Australian gas requirements from 2020. Alcoa has struck agreements with providers BHP, Woodside and Chevron, and coupled with existing supply contracts with Santos and Quadrant... 

US delays Rusal sanctions as talks with Deripaska continue

By: Bloomberg     10th December 2018 The US Treasury Department delayed imposing sanctions on Russia’s largest aluminum producer, United Co. Rusal, for the fifth time, as it seeks to strike a deal that would allow the company to escape the penalties. Treasury said in a notice Friday that licenses allowing Rusal to continue doing... 

Rio restarts New Zealand potline

By: Esmarie Iannucci     6th December 2018 Diversified miner Rio Tinto on Wednesday re-opened Potline 4 at its New Zeland Aluminium Smelter (NZAS), on the South Island. The company and its joint venture partner Sumitomo invested some $4.1-million over the last year to upgrade and restart the potline, adding 31 000 t of production capacity. 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Pure flags possible merger with Canadian producer

By: Esmarie Iannucci     3rd December 2018 ASX-listed Pure Alumina has struck a non-binding term sheet with Canada’s Polar Sapphire to negotiate a possible merger. Pure told shareholders on Monday that the companies had committed to work towards formal terms of the potential transaction before the end of January next year. 

Norsk Hydro sees weaker aluminium demand growth in 2019

By: Reuters     29th November 2018 Norwegian metals maker Norsk Hydro expects global primary aluminium demand to grow by 2% to 3% in 2019, down from the 4% seen for 2018, it said on Thursday. Trade sanctions and tariffs are impacting global flows of aluminium and increasing uncertainty on economic growth. 

Potanin to appeal UK court decision in battle of billionaires

By: Reuters     28th November 2018 Russian businessman Vladimir Potanin plans to appeal a London court decision to block him from buying shares in mining company Norilsk Nickel from fellow investor Roman Abramovich, representatives at Potanin's investment firm said on Tuesday. The ruling, taken in June, was considered to be... 

Alufer successfully delivers first bauxite shipment to China

By: Simone Liedtke     22nd November 2018 Independent mineral exploration and development company Alufer Mining has delivered its first Capesize shipment of bauxite, which totals 203 009 metric tonnes, to the Port of Qingdao, in China. From the port, it will be delivered to China’s largest alumina and primary aluminium producer, Chalco... 

Rio forecasts new aluminum capacity will be needed outside China

By: Bloomberg     21st November 2018 Aluminum producers will need to build additional smelting capacity outside of China as inventories run down in the coming two to three years, according to Rio Tinto Group. “We see aluminum demand growth being extremely healthy,” Alf Barrios, Rio’s aluminum chief executive officer, said in an... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production

By: Marleny Arnoldi     19th November 2018 Nespresso, an operating unit of Nestlé Group, will be the first company to use responsibly-sourced aluminium from global miner Rio Tinto to produce its coffee capsules. The two companies have signed a memorandum of understanding (MoU) to work together with Nespresso’s capsule manufacturers to... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production
Nespresso using Rio Tinto's responsibly-sourced aluminium in coffee capsule production

India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

By: Ajoy K Das     16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

Brazil lawmakers slam Norsk Hydro, regulators for Alunorte leak

By: Reuters     14th November 2018 "Failures and possible crimes" led to a February leak of mineral byproduct at Norsk Hydro ASA's Alunorte alumina refinery in the Amazonian state of Para, a special commission in Brazil's lower house said in a report released on Tuesday A congressional commission assembled to look into the... 

Rio Tinto completes sale of wharf to LNG Canada

By: Mariaan Webb     12th November 2018 Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to Royal Dutch Shell-led LNG Canada for $576-million. LNG Canada, a joint venture comprising Shell, Petronas, PetroChina, Mitsubishi Corporation and Kogas, entered into an option agreement with Rio Tinto... 

US postpones sanctions deadline on Russian tycoon's firms

By: Reuters     12th November 2018 The United States on Friday said it was postponing the enforcement of sanctions on Russian companies EN+, Rusal and Gaz PAO for nearly four weeks as their top shareholder works on a plan to cut his stakes. The US Treasury Department had given Russian tycoon Oleg Deripaska until December 12 to... 

US postpones sanctions deadline on Russian tycoon's firms
Russian tycoon Oleg Deripaska

Sanjeev Gupta's Liberty gets financing for Dunkirk aluminium smelter

By: Reuters     9th November 2018 Industralist Sanjeev Gupta's Liberty steel company has secured the financing for its acquisition of a Dunkirk aluminum smelter from Rio Tinto . The Liberty company said on Friday that it had entered into a committed financing agreement with a syndicate of major international banks. It said the... 

Brazil court upholds partial shutdown at Hydro Alunorte alumina refinery

By: Reuters     8th November 2018 A federal court in Brazil once again upheld a decision by a state court forcing aluminum-maker Norsk Hydro to run its Alunorte alumina refinery, the world's largest, at half capacity, state prosecutors said on Wednesday. The decision, made on Tuesday, is part of a months-long environmental... 

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