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Aluminium News

Orbite Aluminae starts construction of full-scale Cap-Chat plant 

By: Henry Lazenby     15th June 2012 TSX-listed Orbite Aluminae on Thursday said it had started construction of its high-purity alumina (HPA) production plant in Cap-Chat, Quebec, which would see it converting the pilot plant to a state-of-the-art full-scale facility. 

Kurri Kurri's fate decided

By: Esmarie Iannucci     6th June 2012 Norwegian aluminium producer Norsk Hydro has this week taken the decision to close down production at its two remaining potlines at the Kurri Kurri plant, in New South Wales. In May this year, the company warned that it was considering closing the operation as low metal prices and an uncertain... 

Felicitas delivers initial resource for Bauxite Resources

By: Esmarie Iannucci     5th June 2012 ASX-listed Bauxite Resources has declared an initial resource of some 73-million tons at its Felicitas project, in Western Australia. The resource, which is less than 5 km from existing rail infrastructure, fell within the company’s bauxite alumina joint venture (BAJV) with Yankuang Resources. 

India’s Nalco likely to secure new bauxite reserves

By: Ajoy K Das     5th June 2012 After waiting some 20 years, India’s largest integrated aluminium refiner, the National Aluminium Company Limited (Nalco), was likely to gain access to the 75-million tons of bauxite reserve at Pattangi, in Orissa. In a communication with the company, the government of Orissa indicated that it... 

NSW aluminium plant to close, cut 344 jobs

By: Esmarie Iannucci     23rd May 2012 Norwegian aluminium producer Norsk Hydro was considering closing its Kurri Kurri plant in New South Wales, cutting some 344 jobs. In a statement on Wednesday, executive VP for the primary metals business, Hilde Merete Aasheim said that the Kurri Kurri workforce had worked intensively to improve... 

Rio Tinto offloads aluminium cable business for $185m

By: Matthew Hill     21st May 2012 Rio Tinto has agreed to sell its Atlanta, Georgia-based wire and cable business Alcan Cable to NYSE-listed General Cable for $185-million, the companies said on Monday. The diversified mining giant has sold off noncore operations from the aluminium business it bought in 2007 for some... 

Alcoa gets more time for WA refinery expansion

By: Esmarie Iannucci     9th May 2012 Aluminium major Alcoa has been granted a five-year extension for the expansion of its Wagerup refinery, in Western Australia. Environment Minister Bill Marmion said on Wednesday that the expansion of the existing 2.6-million-ton alumina refiner, to 4.7-million-ton capacity would be subject to... 

South Africans spearheading new Guinea bauxite thrust

By: Martin Creamer     17th April 2012 South Africans are spearheading a new bauxite thrust in Guinea, which hosts a quarter of the world’s bauxite reserves. Adonis Pouroulis, better known as the initiator of Petra Diamonds – now listed on the main board of the London Stock Exchange – is leading Alufer Mining Limited’s thrust from... 

Novelis to close aluminum plant in Canada

By: Reuters     12th April 2012 Aluminum products maker Novelis Inc, which has cut its fiscal 2012 earnings estimate because of lower shipments and soft demand, will close its Saguenay Works in Jonquiere, Quebec. The plant has 157 staff and production employees and makes aluminum coils to supply other Novelis facilities. It... 

Orbite rises on first trading day following Feb suspension

By: Matthew Hill     5th April 2012 Shares in Orbite Aluminae, which hopes to produce the raw material used to make aluminium from clay deposits in Quebec, rose nearly 5% on Thursday, as regulators lifted a trading halt that had been in place since February 23. Autorite des marches financiers (AMF) had ordered the TSX-listed... 

Rio Tinto, CMS scrap plans for $2bn Malaysian smelter

By: Esmarie Iannucci     28th March 2012 Mining giant Rio Tinto and its Malaysian partner, Cahya Mata Sarawak Berhad (CMS), have shelved plans for a $2-billion smelter project in Sarawak. The two companies had been working for several years to establish an aluminium smelter project, but have to date been unable to finalise commercial... 

BHP aluminium chief quits

By: Esmarie Iannucci     23rd March 2012 Mining giant BHP Billiton has announced the resignation of aluminium president John Dudas. No reason has been given for Dudas' hasty departure. 

China's Chalco suffers bigger than forecast Q4 loss

By: Matthew Hill     16th March 2012 Aluminum Corp of China Ltd (Chalco) reported a bigger-than-expected fourth-quarter net loss of 729.6-million yuan ($115.3-million) on Friday, showing the impact of lower metal prices and higher costs, and warned of losses in the first quarter of 2012. Chalco, the country's top aluminium maker,... 

New fronts open in aluminium storage battle

By: Reuters     12th March 2012 New fronts are opening up in Europe and Asia in the battle between banks and trading houses to expand their storage hubs for aluminium, a metal meant for use in manufacturing but increasingly viewed as a store of value. Until recently, the battle was almost exclusively confined to one location,... 

Rio Tinto sets date for UK aluminium smelter closure

By: Natasha Odendaal     6th March 2012 Diversified major Rio Tinto announced on Tuesday that it would close its Lynemouth aluminium smelter, in the UK, at the end of March, resulting in hundreds of job losses. The smelter, which opened in 1972, was declared unsustainable last year owing to significant energy cost increases attributed... 

Orbite shares remain suspended on non-compliant PEA

By: Matthew Hill     28th February 2012 Orbite Aluminae shares remained halted on the TSX on Monday, as the company said it failed to meet a deadline to refile the preliminary economic assessment (PEA) for its Grande-Vallée property in Quebec. Orbite has agreed to perform an independent audit of some sections of its January PEA, which... 

BHP says will not continue DRC smelter project

By: Reuters     15th February 2012 Global miner BHP Billiton has decided not to go ahead with an aluminium smelter project in the Democratic Republic of Congo (DRC) after a review, a spokesman for the company said on Wednesday. Ruban Yogarajah told Reuters from London that BHP Billiton has studied the construction of the... 

Orbite's technical report not compliant, Quebec regulator tells company

By: Matthew Hill     10th February 2012 Shares in Orbite Aluminae spiralled as much as 25% on Friday afternoon, after it said Quebec’s financial regulator notified the company the preliminary economic assessment (PEA) for the Grand-Vallée alumina project did not comply with regulations. “Orbite is reviewing the matter and will update... 

Swan says no bailout for struggling aluminium sector on the cards

By: Esmarie Iannucci     10th February 2012 Australian Treasurer Wayne Swan on Friday ruled out the possibility of federal funding for the struggling aluminium sector, despite the fact that more than 600 jobs could be on the line. Earlier this week, Alcoa announced that it would be reviewing the viability of its Point Henry smelter, as... 

Alcoa reviewing viability of Victoria smelter

By: Esmarie Iannucci     8th February 2012 Aluminium major Alcoa would be reviewing the viability of the Point Henry aluminium smelter, in Victoria, as global economic conditions continued to deteriorate. The miner said on Wednesday that the current global economic conditions were severely impacting the aluminium industry, with various... 

Aluminium prices could reach $2 500 by end Q2- Rusal

By: Reuters     1st February 2012 Aluminium prices are expected to rise up to 10% from current values by the end of the second quarter, as output cuts take effect, a senior executive at Rusal, the world's largest producer of the metal, said on Wednesday. Prices could rise up to $2 400 to $2 500/t, Rusal executive Oleg... 

Mining-heavy SA industry group issues carbon tax warning 

By: Terence Creamer     23rd January 2012 An industry lobby group comprising large mining groups and mineral processing companies is cautioning against the proposed introduction of a carbon tax in South Africa until South Africa has fully charted its abatement potential and the costs implications of implementing its renewable-energy... 

Marubeni sees global aluminium deficit in 2013

By: Reuters     13th December 2011 The global aluminium market will swing into a deficit of 357 000 t in 2013 with the Chinese market dipping into a wider deficit of 500 000 t during the year, as supply growth from China, Middle East and other emerging economies will slow, Marubeni, said on Tuesday. Marubeni, Japan's... 

Kitimat gets Rio Tinto go-ahead in $3.3bn project

By: Matthew Hill     1st December 2011 Rio Tinto, the third-biggest mining company on earth, has approved another $2.7-billion in spending to modernise its Kitimat aluminium smelter in British Columbia, bringing the total investment to $3.3-billion, it said on Thursday. The project, set for completion in 2014, will boost the... 

Orbite says pay back for Quebec project one year

By: Matthew Hill     1st December 2011 It was a day later than scheduled, but that didn’t dampen Quebec-based Orbite Aluminae enthusiasm in hosting a call to discuss the preliminary economic assessment (PEA)of its aluminous clay project in the province, which CEO Richard Boudreault said would prove a “game changer”. The Investment... 

Ord River ups resource at Sarco project

By: Esmarie Iannucci     24th October 2011 Alumina developer Ord River has reported a 300% increase in the bauxite resource at its flagship Sarco project, in Laos. The project is now estimated to host a Joint Ore Reserves Committee (Jorc) complaint resource of 77-million ton. 

Prepare for onslaught of Chinese mining investments

By: Matthew Hill     21st October 2011 Mining companies should be looking to China as the sovereign debt and European banking crisis squeeze their traditional funding sources, an advisor that specialises in connecting Western firms with Chinese investors said this week. Strategic Capital & Intelligence Group (SGIC)CEO Jack Slibar... 

POWER INTENSIVE

By: Martin Creamer     21st October 2011 POWER INTENSIVE – Although South Africa hosts a wide variety of valuable metals and minerals, it does not host bauxite, which is imported in processed alumina from from Western Australia and smelted into 710 000 t/y of aluminium metal at BHP Billiton’s 1 200-employee Hillside aluminium smelter in... 

Rio Tinto puts 13 aluminium businesses up for sale

By: Esmarie Iannucci     17th October 2011 Diversified miner Rio Tinto would sell 13 of its noncore assets to streamline its aluminium business, the company announced on Monday. The miner would transfer six Australian and New Zealand asset into a new business unit, to be called Pacific Aluminium, which would be managed and reported... 

Shock as chamber stalwart Roger Baxter leaves South Africa for Canada

By: Martin Creamer     14th October 2011 Shock waves are reverberating along the corridors of mining power on the news that minerals economics stalwart Roger Baxter has quit his position as South African Chamber of Mines senior executive strategy to join a company within the diversified Rio Tinto group in Canada. The 45-year-old Baxter... 

BHP Billiton aluminium gives 130 MW back to South Africa 

By: Martin Creamer     13th October 2011 BHP Billlton’s aluminium business in Richards Bay has voluntarily put 130 MW back into the South African power grid. BHP Billiton South Africa communications and external affairs VP Johnny Dladla told a visiting media contingent hosted by Aluminium South Africa asset president Gustav Griessel... 

Cape Alumina raises funds with help of major shareholder

By: Esmarie Iannucci     23rd September 2011 ASX-listed Cape Alumina has signed a binding term sheet to raise between A$3.5-million and A$5-million through the issue of a convertible note with its largest shareholder Resources Capital Fund. The convertible note would allow Cape Alumina to draw down on its facility to ensure the timely... 

Franco-Nevada promises wealth tomorrow from latest buy

By: Matthew Hill     23rd September 2011 Investors will have to wait years to benefit from Franco-Nevada’s latest purchase of Lumina Royalty for $66-million in shares and warrants, but CEO David Harquil told shareholders on Thursday it would be worth it. Lumina, a private company spun out of Lumina Copper, owns a portfolio of royalties... 

Anglo American in thick of great Alaskan Pebble mine debate

By: Martin Creamer     16th September 2011 ANCHORAGE, Alaska – That Anglo American is in the thick of a great Alaskan mining debate was quickly apparent upon my arrival here, with advertisements in Alaskan business magazines providing ready affirmation. At issue is whether or not the South African-created but London-domiciled diversified... 

Market analyst predicts financial market slump that will wreak havoc on commodities

By: Jonathan Faurie     2nd September 2011 Global market analyst Natixis Commodities Markets (NCM) warns of a ‘rocky road’ ahead for the global financial markets, which could wreak havoc on commodities as demand will slow.  

BHP Billiton appeals smelter power prices court order 

By: Terence Creamer     30th August 2011 Mining group BHP Billiton has confirmed that it has lodged an application for leave to appeal to the South Gauteng High Court, in Johannesburg, to challenge an earlier order that State-owned power utility Eskom release information relating to negotiated power pricing arrangements relating to the... 

Govt should play greater ‘enabler’ role for South Africa to benefit fully from its mineral endowment

By: Jonathan Faurie     12th August 2011 Commodity analyst firm Sanlam Investment Management (SIM) has reported that for South Africa to start taking advantage of the upswing in the global commodity space, government needs to increase its role as an enabler.  

Kumba executive sees a project’s carbon footprint assuming greater importance than size, grade

By: Jonathan Faurie     12th August 2011 South African iron-ore giant, and the worlds fourth largest iron-ore producing company Kumba Iron Ore (Kumba) reports a company’s carbon footprint will play a major role in the industry in 20 years’ time.  

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