https://www.miningweekly.com
R/€ = 17.56 Change: -0.24
R/$ = 14.99 Change: -0.24
Au 1745.20 $/oz Change: -21.15
Pt 974.50 $/oz Change: -35.50
 

Aluminium News

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.  

Alumina profit surges 54% as prices, demand strengthen

By: Esmarie Iannucci     11th August 2011 ASX-listed Alumina has reported a $24-million increase in its after-tax profit for the six months ended June, compared with the previous corresponding period. Net profit for the first half of the year increased to $68-million, while underlying earnings for the period rose by $56-million, to... 

BHP Billiton weighs legal options after Eskom ruling

By: Terence Creamer     5th August 2011 Mining group BHP Billiton was on Friday still considering the contents of a South Gauteng High Court ruling, which ordered that State-owned power utility Eskom should release information and records relating to electricity sales contracts with BHP Billiton’s Hillside and Mozal aluminium smelters,... 

SA faces challenges in entrenching safety culture – DuPont

By: Jonathan Faurie     22nd July 2011 US–based training solutions company DuPont, which has a specific focus on industry safety both in the engineering and the mining sectors, reports that South Africa faces challenges when it comes to entrenching a culture of safety.  

Copper market sees surplus in Jan-May 2011-WBMS

By: Reuters     20th July 2011 The global copper market had a surplus of 74 100 tonnes in the January to May 2011 period compared with a surplus of 54 000 tonnes for the whole of last year, the World Bureau of Metal Statistics said on Wednesday. "Global consumption for January to May 2011 was 7.878 million tonnes and the 2010... 

Wits school of mining engineering making headway in improving ‘already high’ standards of education

By: Jonathan Faurie     15th July 2011 The Witwatersrand University (Wits) School of Mining Engineering reports that it is progressing well in achieving the ten strategic goals that it set for itself at the beginning of the year.  

Commodities vulnerable to China’s efforts to cool economy – IHS

By: Terence Creamer     12th July 2011 Commodity prices are likely to remain on an upward trajectory for the foreseeable future, underpinned by growing demand from China and emerging Asia. But international economic research group IHS Global Insight warns that price volatility will also increase, particularly as markets react to... 

Alcoa boosts second-quarter revenue 27%

By: Esmarie Iannucci     12th July 2011 Bauxite miner and aluminium producer Alcoa has reported a 27% increase in revenue for the second quarter ended June, rising to $6.6-billion. Income from continuing operations increased by 138% year-on-year to $326-million. This was also a 6% increase in the first quarter’s $309-million income. 

Scores of mining engineering students failing to graduate owing to lack of vacation training

By: Jonathan Faurie     8th July 2011 The University of Pretoria, one of South Africa’s three tertiary education institutions to offer a course in mining engineering, reports that there are a startling number of students across South Africa who potentially cant graduate owing to noncompletion of required vacation work.  

Shabangu to address responsible mining leadership forum

By: Jonathan Faurie     1st July 2011 The Community Responsible Mining Initative (CRMI) which is responsible for organising the Community Responsible Mining Leadership Forum, to be held at the Sandton Sun on July 25 and 26, reports that this year’s event will feature high-profile keynote speakers, such as Mineral Resources Minister... 

BHP’s WA alumina project to cost $1bn more, completion delayed

By: Esmarie Iannucci     24th June 2011 Diversified giant BHP Billiton has warned of cost escalations and delays at the Worsley alumina expansion project, in Western Australia, because of the complexity of the brownfield expansion. BHP would have to invest $3-billion to cover its cost of the project, from a previous estimate of... 

Best time to invest in Zambia is now – conference delegates told

By: Jonathan Faurie     24th June 2011 Zambian Development Agency DG Andrew Chipwende reports that the best time to invest in Zambia is now and warns that there might not be space for latecomers.  

Top 40 miners' assets could top $1-trillion this year - PwC

By: Liezel Hill     7th June 2011 The top 40 mining companies in the world increased their total assets to $943-billion and could breach the $1-trillion level this year, PwC said in a report published on Tuesday. The increase is being driven by high levels of cash, and increased property and equipment on company balance sheets,... 

Samrad designed to clean up South Africa’s minerals application process  

By: Jonathan Faurie     27th May 2011 The Department of Mineral resources has launched the South African Mineral Resources Administration (Samrad) online application system in an attempt to streamline the application process and to make it transparent.  

Pilot Crushtec sees significant business potential in India

By: Jonathan Faurie     22nd April 2011 South African comminution-focused engineer and manufacturer Pilot Crushtec reports that, because of the infrastructure build programme in India as well as the country’s insatiable demand for commodities, the scope for growing business on the subcontinent is significant.  

Wits first-year mining students pass rate improves from 38% to 42%

By: Jonathan Faurie     8th April 2011 After a disappointing 2009 end-of-year examination period, which saw only 38% first-year students total of 223, at the School of Mining Engineering at the University of the Witwatersrand, progress from first to second year, the school reports some improvement following the 2010 year end... 

Riversdale potentially most exciting coal find since Bowen Basin

By: Martin Creamer     29th March 2011 The Riversdale coal deposit in Mozambique is potentially the most exciting new coal find since the discovery of the Bowen Basin in Australia, says Rio Tinto chairperson Jan du Plessis. The Bowen Basin in Queensland contains Australia’s largest coal reserve with more than 100-million tons of... 

Companies holding back on projects requiring long lead times for capital equipment

By: Jonathan Faurie     25th March 2011 Despite signs pointing towards a global recovery in commodity markets and demand, South African gold mining company Wits Gold reports concerns regarding short lead times for capital equipment were still prevalent at the recently held Prospectors and Developers Association of Canada (PDAC)... 

BHP boosts buyback plan to $10bn, profit soars 72%

15th February 2011 BHP Billiton, the world's biggest mining company, increased first half earnings by 71,5%, helped by surging prices for the raw materials it produces. The group reported attributable profit for the six months ended December 31 of $10,52-billion, compared with $6,14-billion a year earlier.  

South Africa has major manganese potential to unlock – BHP Billiton

By: Martin Creamer     15th February 2011 South Africa has substantial manganese potential to unlock through the provision of adequate rail infrastructure, says BHP Billiton South Africa chairperson Xolani Mkhwanazi. Mkhwanazi, who is also president of the Chamber of Mines of South Africa, was speaking to Mining Weekly Online on the... 

More mining demand in next 20 years than in past 10 000 – Rio

By: Martin Creamer     14th February 2011 Global demand will require the mining industry to mine, process and move more materials and minerals in the next 20 years than it has in the past 10 000 years, says Rio Tinto CE diamonds and minerals Harry Kenyon-Slaney, who spoke to Mining Weekly Online on the sidelines of the Mining Indaba.... 

Alumina back in the black with $35m profit

By: Esmarie Iannucci     10th February 2011 ASX-listed bauxite miner and aluminium producer Alumina on Thursday reported a return to profitability for the 2010 financial year, posting a net profit of $35-million. This was compared with an after-tax loss of $24-million on the previous financial year. 

Bauxite signs alumina refinery JV deal with Yankuang

By: Esmarie Iannucci     25th January 2011 ASX-listed Bauxite Resources has moved ahead with its plans to jointly build an alumina refinery in Western Australia by signing a joint-venture (JV) agreement with China’s Yankuang Corporation. In September, Bauxite announced that it would design and build the 1,1-million-ton a year refinery in... 

Rio lifts Australian aluminium smelters' force majeure

By: Esmarie Iannucci     21st January 2011 Mining giant Rio Tinto has lifted the force majeure at its Australian aluminium smelters, saying that transport operations had returned to normal. Last week, Rio instituted the force majeure at the Boyne smelters, near Gladstone, as severe flooding in Queensland cut off road and rail access... 

BHP iron-ore output hits record, but coal suffers from floods

By: Esmarie Iannucci     19th January 2011 Diversified mining group BHP Billiton has set several production records for the second quarter ended December, with iron-ore leading the pack, but heavy rain and flooding in Australia slashed its metallurgical coal output. The world’s largest miner boosted its iron-ore production to... 

Alcoa agrees $7,5bn energy, smelting deals with China Power

By: Esmarie Iannucci     19th January 2011 Global aluminium producer Alcoa has signed a memorandum of understanding (MoU) with the China Power Investment Corporation (CPI) under which the parties would collaborate on a range of aluminium and energy products worth more than $7,5-billion. “This is an historic opportunity at a pivotal... 

Rio Tinto declares force majeure from Australia aluminium smelters

By: Esmarie Iannucci     13th January 2011 Diversified mining giant Rio Tinto’s Alcan operation on Thursday declared a force majeure impacting on the supply of aluminium from the Boyne Smelters, near Gladstone, as a result of the severe flooding in Queensland. The miner told customers that it was investigating alternative arrangements,... 

Alcoa posts $21bn revenue in 2010

By: Esmarie Iannucci     11th January 2011 US-based aluminium producer Alcoa on Tuesday reported revenue of $21-billion for the 2010 financial year, on the back of a record fourth quarter. The $21-billion revenue compared with the $18,4-billion recorded in 2009, with income from continuing operations reaching $262-million, compared with... 

Power constraints, costs to weigh on Chinese aluminium output - Alcan

By: Matthew Hill     17th December 2010 China will increasingly have to look abroad for its aluminium needs, as power constraints and an appreciating remnimbi put pressure on domestic producers, Rio Tinto Alcan CEO Jacynthe Côté said this week. “The supply side of the aluminium equation will struggle to keep up as the country becomes... 

Rio Tinto approves more than $1bn spending on Canada aluminium smelters

By: Liezel Hill     14th December 2010 Rio Tinto will spend more than $1-billion on expansions and upgrades at its aluminium smelter operations in Canada, the group said on Tuesday. Rio will spend $758-million to build a new 60 000 t/y plant in Quebec, using the group's energy-efficient AP technology and has committed another... 

BHP Billiton Hillside strike continues

By: Sapa     14th December 2010 About a third of workers at BHP Billiton's Hillside aluminium smelter in Richards Bay were on strike, the company said late on Monday. "Approximately a third of our workforce is involved in this dispute with 50-150 people demonstrating in an allocated area," said BHP Billiton SA spokesman Johnny... 

Hillside aluminium workers reject pay rise offer

By: Reuters     10th December 2010 Striking workers at BHP Billiton's Hillside aluminium smelter in South Africa on Friday rejected the company's revised pay rise offer, a National Union of Metalworkers spokesman said. Some workers at the aluminium unit at Richards Bay, in the country's KwaZulu Natal province, downed tools on... 

Bauxite shareholders approve WA alumina refinery

By: Esmarie Iannucci     25th November 2010 The shareholders of ASX-listed Bauxite Resources on Thursday approved the development of an alumina refinery in Western Australia, with joint-venture partner Yankuang. Bauxite Resources signed an agreement with Yankuang to design and build a 1,1-million ton a year refinery, which would require... 

Alumina says $320m facility oversubscribed

By: Esmarie Iannucci     15th November 2010 ASX-listed Alumina on Monday advised shareholders that it had executed a $320-million unsecured senior syndicated revolving cash facility as part of its ongoing renewal of its banking facilities. The facility, which was oversubscribed, comprises a $106,7-million, three-year tranche, as well as a... 

Tomago Aluminium inks NSW power supply deal

By: Esmarie Iannucci     12th November 2010 Tomago Aluminium, which is partly owned by Rio Tinto, has signed the largest-ever energy agreement in New South Wales for its power supply requirements until 2028. Tomago said in a statement on Friday that the contract, which would replace its existing power supply agreement with Macquarie... 

Alcoa raises aluminium demand outlook

By: Esmarie Iannucci     8th October 2010 US-based aluminium producer Alcoa has increased its 2010 global consumption forecast to 13%, up from the previously reported 12%, as markets strengthen. “In countries such as China, Brazil, India and Russia, more and more people are moving into the middle class, driving demand in building and... 

IMF says 'few signs' metals supply can keep up with demand

By: Esmarie Iannucci     7th October 2010 An era of scarcity and rising prices for base metals is likely to continue for some time, as there have been "few convincing signs" that supply would catch up with demand, the International Monetary Fund (IMF) reported. "Analysis suggests that base metal prices are only about halfway through the... 

Bauxite Resources partners Chinese to build WA alumina refinery

By: Esmarie Iannucci     23rd September 2010 ASX-listed Bauxite Resources (BRL) will on Friday sign an agreement with its Chinese partner Yankuang to design and build an alumina refinery in Western Australia. The 1,1-million ton a year refinery would require 3,5-million tons of bauxite, which would be sourced from BRL’s Darling Range... 

30 31 32 33
34
35 36 37 38
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close